Description
3123 Danville Rd, Memphis, TN - Turnkey Investment Property, Cash-Flowing Now Ready-to-own investment opportunity in Memphis! This brick, low-maintenance home is currently occupied by a long-term, reliable tenant paying $1,000/month, offering immediate cash flow from day one. Durable brick exterior means less upkeep and lower long-term maintenance costs, while central heat and air adds year-round comfort and tenant appeal. Ideal for buy-and-hold investors looking to add a stable, income-producing asset to their portfolio without any vacancy downtime. Property Highlights: Long-term tenant in place at $1,000/month Brick exterior - low maintenance Central heat and air Immediate rental income for investment buyers Cash or conventional financing only - no seller or creative financing available. Due to the occupied status, no showings will be conducted without an accepted offer. Buyers should submit offers based on provided property details, comps, and exterior/drive-by only.
Details
| MLS # | 10228622 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 81 |
| Listing Provided By | Renshaw Company, REALTORS | Caleb Parr |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 1 Total |
| Garage | 1 |
| Story(s) | 1 |
| Property View | Level |
Interior
| Number Of Rooms | 5 |
|---|---|
| Cooling | Central |
| Heating | Central |
Exterior
| Roof | Composition Shingles |
|---|---|
| Foundation | Conventional |
| Lot Description | Level |
Area Information
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38118 |
| Area | Parkway Village |
| Subarea | 772. |
| Community Name | Winchester Heights 3rd Add |
| Listing VS Median (in Winchester Heights 3rd Add) | |
Price: $150,000 low | high Med: $0 On site: 81 low | high Med: | |
Market Activity 38118
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Learn More About This Property
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38118 |
| Area | Parkway Village |
| Subarea | 772. |
| Community Name | Winchester Heights 3rd Add |
| Listing VS Median (in Winchester Heights 3rd Add) | |
Price: $150,000 low | high Med: $0 On site: 81 low | high Med: | |
