1304 Carolyn Dr
Memphis, TN 38111
- 4 beds
- 1.5 baths
- – sqft
- 1955 build
- – on site
Investor-only opportunity! This solid 3-5 bedroom, 1.5-bath property is a true turnkey investment with tenants in place through 10/31/2025 at $1,395/month. The home was reconfigured to maximize space, featuring flexible rooms that can serve as additional bedrooms, an office, or a playroom. Updates include an expanded kitchen with added cabinets, a dedicated laundry room, and refreshed bathrooms with new plumbing fixtures. The original hardwood floors maintain character, while fresh interior and exterior paint enhance appeal. The roof is less than 5 years old. The spacious, fenced backyard includes a large shop with electricity—check with the City of Memphis for ADU potential. Located in a quiet neighborhood, this property offers immediate cash flow with solid tenants already in place. Owner/Agent. Do not approach tenants!
Last checked:
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Last updated Feb 19, 2025
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MLS# 10188540 —
The Building
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Construction Status:Existing Property
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Style:Ranch
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Type:Detached Single Family
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Roof:Composition Shingles
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Foundation:Slab
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Exterior/Windows:Brick Veneer
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Detached Unit Type:General Residential
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Attached Unit Type:Ground Level-Single Story
Interior
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Miscellaneous Interior:Excl Some Window Treatment, Pull Down Attic Stairs, Attic Access, Smoke Detectors
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Living/Dining/Kitchen:Separate Living Room, Separate Dining Room, Separate Den, Living/Dining Combo, Updated/Renovated Kitchen, Pantry, Washer/Dryer Connections
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Office Description:Hardwood Floor, Level 1
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Fireplace:Masonry, In Primary Bedroom
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Floors/Ceilings:Part Hardwood, Tile, Vinyl/Luxury Vinyl Floor
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Other Rooms:Laundry Room, attic
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Additional Bed/Bath Info:All Bedrooms Down, renovated bathroom, Full Bath Down
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1st Story Floor Plan:Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1.5 Baths, Play Room/Recreation Room, Laundry Room, Office
Financial & Terms
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New Financing:Conventional
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Flood Insurance:No
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Termite Contract:Yes
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Warranty/Possible Addenda:Possession at Closing, Tenants Rights
Location
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Map Coordinate:C
The Property
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Area:758C
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Acres:0.16
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Lot #:220
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Lot Size:60 Sqft
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Lot Description:Landscaped, Wood Fenced
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Zero Lot Line:No
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Miscellaneous Exterior:Storage Building, Patio, Wood Fence, Storage, Workshop
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Security:Smoke Detectors
Listing Agent
- Contact info:
- Agent phone:
- (901) 417-1558
- Office phone:
- (901) 457-8515
Beds
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Second Bedroom:Hardwood Floor, Level 1
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Third Bedroom:Hardwood Floor, Level 1, Private Half Bath
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Bedroom 3:Fireplace, Hardwood Floor, Level 1
The Listing
Heating & Cooling
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Heating:Central
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Cooling:Central
Utilities
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Water and Sewer:Gas Water Heater, Public Sewer, Public Water
The Community
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Neighborhood Association:None
Parking
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Garage:attached
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Type:carport
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Parking Display:C1A
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Parking/Storage:Driveway/Pad, Workshop
Monthly cost estimate
Asking price
$159,900
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$856
|
| Taxes | $90 |
| Insurance | $43 |
| Utilities | N/A |
| Total | $989/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/19/25
Feb 19, 2025
|
Price Changed | MAARMLS | $159,900 | -3.1% |
|
1/21/25
Jan 21, 2025
|
Listed / Active | MAARMLS | $165,000 | 22.2% (12.5% / YR) |
|
4/13/23
Apr 13, 2023
|
MAARMLS | $135,000 |
