2342 Wellons Ave
Memphis, TN 38127
- 3 beds
- 1.5 baths
- – sqft
- 1961 build
- – on site
This property presents an excellent opportunity for both new and seasoned investors looking to expand their portfolios. Currently tenant-occupied and well-maintained, it is conveniently located just minutes from downtown, offering easy access to shopping, dining, and I-240. The property is leased at $1,000 per month, with the lease secured through January 2026. The seller can provide current rent history upon request, as the tenant is in good standing with consistent payments. A $400 security deposit is in place. Please respect tenant rights and refrain from disturbing the occupant.
Last checked:
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Last updated Apr 16, 2025
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MLS# 10194392 —
The Building
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Construction Status:Existing Property
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Style:Traditional
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Type:Detached Single Family
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Roof:Other, Composition Shingles
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Foundation:Slab, Other
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Exterior/Windows:Log Home
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Handicap Design:Other
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Detached Unit Type:General Residential
Interior
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Miscellaneous Interior:Other (See Remarks)
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Living/Dining/Kitchen:Other (See Remarks)
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Fireplace:Other (See Remarks)
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Floors/Ceilings:Other
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Other Rooms:Other (See Remarks)
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Additional Bed/Bath Info:All Bedrooms Down, Other
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1st Story Floor Plan:Other
Financial & Terms
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New Financing:Conventional, Other
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Warranty/Possible Addenda:Other
Location
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Map Coordinate:D
The Property
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Area:725D
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Acres:0.33
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Lot #:72
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Lot Size:80 Sqft
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Lot Description:Other
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Miscellaneous Exterior:Other
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Security:Other
Listing Agent
- Contact info:
- Agent phone:
- (901) 218-4006
- Office phone:
- (901) 372-3690
Heating & Cooling
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Heating:Central, Other
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Cooling:Central , Other
Utilities
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PUD:No
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Water and Sewer:Public Water, Public Sewer, Other
Appliances
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Interior Equipment:Other (See REMARKS)
The Community
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Neighborhood Association:None
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Condo Amenities:Other
Parking
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Parking Display:2
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Parking/Storage:Driveway/Pad, Other
Monthly cost estimate
Asking price
$112,000
| 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. |
$599
|
| Taxes | $90 |
| Insurance | $30 |
| Utilities | N/A |
| Total | $719/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 |
|---|---|---|---|---|
|
4/16/25
Apr 16, 2025
|
Listed / Active | MAARMLS | $112,000 |
