1589 E MCLEMORE AVE, Memphis, TN 38106
1589 E MCLEMORE AVE, Memphis, TN 38106
1589 E MCLEMORE AVE, Memphis, TN 38106
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$176,900
Est. payment /mo
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3 Beds
1 Bath
1,599 SqFt
Price Dropped by $3K

1589 E MCLEMORE AVE Memphis, TN 38106

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Erika Alexandria Davis

Erika Alexandria Davis

+1(901) 488-1776

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached Single Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1400-1599

Square Footage 1,599 sqft

Price per Sqft $110

Subdivision Magnolia Terr

MLS Listing ID 10195308

Style Traditional

Bedrooms 3

Full Baths 1

Year Built 1927

Annual Tax Amount $822

Lot Size 6,098 Sqft

Property Sub-Type Detached Single Family

Property Description

This property is leased at $1,325 per month through 06/02/2028, with a cash-on-cash return of 5.76% and a monthly cash flow of $243.47. Renovated property positioned for strong rental performance with thoughtful updates throughout. Major improvements include a new roof with updated decking, new HVAC system (furnace and AC), and full interior repaint with modern finishes. Kitchen has been refreshed with painted cabinets, new countertops, sink, and fixtures, while bathrooms feature updated toilets and repairs. Additional upgrades include smart locks, improved insulation, and exterior concrete repairs with fresh paint. Clean, functional layout with durable, low-maintenance features ideal for long-term hold. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE Owner/Agent

Location

State TN

County Shelby

Area South Memphis/Glenview

Rooms

Master Bedroom 0x0

Dining Room 0x0

Kitchen Other (See Remarks)

Interior

Heating Central

Cooling Central

Flooring Other (See REMARKS), Vinyl/Luxury Vinyl Floor

Exterior

Exterior Feature Brick Veneer, Other (See Remarks)

Parking Features Driveway/Pad, Other (See REMARKS)

Pool None

Private Pool Yes

Building

Lot Description Some Trees, Wood Fenced

Story 1

Others

Miscellaneous Porch,Deck,Other (See REMARKS)

Listed by James C Wachob • Foundation Property Management

NEARBY SCHOOL & BUSINESS

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Erika Alexandria Davis

Erika Alexandria Davis

Agent | License ID: 372118

+1(901) 488-1776

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1589 E MCLEMORE AVE