BEDS3
BATHS1 full 1 partial
MLS#10218249
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONJ R GREEN
Property Description
Turnkey investment opportunity with tenant in place paying $1,165/month ($13,980 annually), providing immediate cash flow. Estimated monthly cash flow of $255.11 with a projected 9.57% cash-on-cash return. Professionally managed 3BR/1.5BA brick ranch built in 1957 featuring ~1,600 sq ft of living space, hardwood, tile, and carpet flooring, a carport, and a spacious 0.38-acre lot in the Frayser neighborhood. Strong rental demand area with stable in-place tenancy supporting consistent long-term performance. Professionally managed. No wholesalers, assignments, or creative financing! DO NOT APPROACH OR DISTURB TENANTS. No showings without an accepted offer. Leased through 01/31/2027 at $1,165/month.
Property Features
Property Type: Residential - Single Family
Cooling: Central
Heating: Central
Home Style: Traditional
Lot Size: 0.38 Acres
Year Built: 1957
Feature Descriptions
Bed and Bath: All Bedrooms Down
Days on Site: 61
Lot: Level
Parking/ Storage: Driveway/Pad
Total Rooms: 7
Listed By / Shown By
Listed By
Agency Name: Foundation Property Management
Shown By
Agency Title: Local Agency Realty Group
Agency Phone: 662-253-0808
Estimate Your Payment
Estimated Payment
$ 609.99 per month $580.24 Principal & Interest $0.00 Property Tax (data not provided by mls) $29.75 Homeowner's Insurance
3382 Frayser School Dr | MLS# 10218249
This single family home located at 3382 Frayser School Dr, Memphis, TN 38127 is currently listed for sale with an asking price of $102,000. This property was built in 1957 and has 3 bedrooms and 1 full and 1 partial baths. Frayser School Dr is located in the J R GREEN subdivision. Search J R GREEN real estate on www.localagencyrealty.com today.