3816 Allandale Ln, Memphis, TN 38111
- $110,000
- 2
- BD
- 1
- BA
- List Price
- $110,000
- Status
- ACTIVE
- MLS#
- 10220996
- Bedrooms
- 2
- Bathrooms
- 1
- Lot Size
- 66X120
Property Description
This well-maintained 2-bedroom, 1-bath property is a fantastic investment opportunity, featuring a reliable, long-term tenant who has called it home for over 10 years. The tenant is in good standing and currently pays $875 per month, offering immediate, consistent income from day one. Even better, the rent is below market value, presenting clear potential for future increases and improved returns. Ideally located with convenient access to shopping, dining, and I-240, this property combines stability with upside potential. Whether you’re looking to expand your investment portfolio or take your first step into real estate investing, this is a smart, income-producing opportunity you won’t want to miss. Please do not disturb the tenant. This is a tenant-occupied property, and all tenant rights apply.
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Additional Information
- Acres
- 0.18
- Annual City Tax
- 741
- Annual County Tax
- 773
- Bedrooms Downstairs
- 2
- Cooling
- Central, Other (See REMARKS)
- Exterior
- Porch, Other (See REMARKS)
- Exterior Windows
- Other (See Remarks)
- Floors Ceilings
- Part Hardwood, Part Carpet, Other (See REMARKS)
- Heating
- Central, Other (See REMARKS)
- Legal Subdivision
- Sherwood Forest Second Addition
- Living Dining Kitchen
- Separate Dining Room, Great Room, Other (See Remarks)
- Lot
- 337
- Lot Description
- Some Trees, Landscaped, Chain Fenced, Other (See Remarks)
- Lot Size
- 66X120
- Neighborhood Amenities
- None
- Parking Storage
- Driveway/Pad, Other (See REMARKS)
- Stories
- 1
- Style
- Traditional
- Subdivision
- SHERWOOD FOREST
- Subtype
- Detached Single Family
- Year Built
- 1950
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Listing courtesy of Regency Realty, LLC.
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