8
See all 8 photos
$130,000
Est. payment /mo
3 Beds
2 Baths
3,049 Sqft Lot
New
1284 ROYAL OAKS CV Memphis, TN 38116
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Key Details
Property Type Townhouse
Sub Type Attached Single Family
Listing Status Active
Purchase Type For Sale
Subdivision The Hills
MLS Listing ID 10225834
Style Traditional
Bedrooms 3
Full Baths 2
Year Built 1973
Annual Tax Amount $1,527
Lot Size 3,049 Sqft
Property Sub-Type Attached Single Family
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.
Location
State TN
County Shelby
Area Whitehaven/Graceland
Rooms
Master Bedroom 20x18
Dining Room 6x8
Kitchen Separate Living Room
Interior
Heating Central
Cooling Central
Flooring Part Carpet, Tile
Fireplaces Number 1
Exterior
Exterior Feature Brick Veneer
Parking Features Driveway/Pad
Pool None
Private Pool Yes
Building
Lot Description Level
Story 2
Others
Miscellaneous Wrought Iron Security Drs
Listed by Bradley Puckett • CB Properties of Memphis, LLC
NEARBY SCHOOL & BUSINESS
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