1284 Royal Oaks Cv, Memphis, TN 38116
- $125,000
- 3
- BD
- 2
- BA
- Sold Price
- $125,000
- List Price
- $130,000
- Status
- CLOSED
- MLS#
- 10225834
- Closing Date
- Aug 18, 2026
- Bedrooms
- 3
- Bathrooms
- 2
- Lot Size
- 31X105
Property Description
Professionally managed investment opportunity generating immediate cash flow! This tenant-occupied property is ideal for out-of-state investors seeking a stable, low-maintenance asset in the Memphis market. The home is currently leased at $1,200 per month, with the rent increasing to $1,250 beginning January 2027, and the existing lease runs through January 21, 2028, providing reliable income and minimizing vacancy risk. With professional property management already in place, a long-term tenant, and built-in rental growth, this is an excellent opportunity to add a cash-flowing asset to your portfolio with a seamless ownership transition. Please do not disturb the residents.
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Additional Information
- Acres
- 0.07
- Annual City Tax
- 748
- Annual County Tax
- 779
- Bedrooms Downstairs
- 1
- Cooling
- Central
- Exterior
- Wrought Iron Security Drs
- Exterior Windows
- Brick Veneer
- Fireplaces
- 1
- Floors Ceilings
- Part Carpet, Tile
- Heating
- Central
- Legal Subdivision
- The Hills
- Living Dining Kitchen
- Separate Living Room
- Lot
- 12
- Lot Description
- Level
- Lot Size
- 31X105
- Neighborhood Amenities
- None
- Parking Storage
- Driveway/Pad
- Stories
- 2
- Style
- Traditional
- Subdivision
- GRACELAND
- Subtype
- Attached Single Family
- Year Built
- 1973
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Listing courtesy of CB Properties of Memphis, LLC. Selling Office: Cahltrep Realty, LLC.
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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.