994 Hale Rd
Memphis, TN 38116
- 3 beds
- 2 baths
- – sqft
- 1 sqft lot
- 1950 build
- – on site
Great Investment Opportunity – Fully Renovated, Cash-Flowing Property! Don’t miss this incredible chance to own a turnkey investment property with strong cash flow potential! This beautifully renovated brick home is ready for tenants with target rent at $1,800/month and professional property management already in place, making it a perfect hands-off investment. Featuring 3 spacious bedrooms and 2 updated bathrooms, the home boasts gleaming wood floors, a modernized kitchen with updated finishes, and stylishly refreshed bathrooms. Major systems have been updated as well – including a newer HVAC, water heater, and roof – offering peace of mind for years to come. Whether you're a seasoned investor or just getting started, this property checks all the boxes.
Last checked:
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Checking…
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Last updated Apr 7, 2025
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MLS# 10193664 —
The Building
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Construction Status:Existing Property
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Style:Traditional, Williamsburg
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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, Wood/Composition
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Detached Unit Type:General Residential
Interior
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Living/Dining/Kitchen:Separate Living Room, Great Room, Updated/Renovated Kitchen, Washer/Dryer Connections
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Fireplace:Presently Inoperative, In Den/Great Room
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Floors/Ceilings:Hardwood Throughout, 9 or more Ft. Ceiling
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Other Rooms:bonus room
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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, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
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2nd Story Floor Plan:Bonus Room
Financial & Terms
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Warranty/Possible Addenda:Tenants Rights
Location
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Map Coordinate:B
The Property
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Area:767B
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Acres:1.17
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Lot #:48
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Lot Size:100 Sqft
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Lot Description:Some Trees, Level
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Miscellaneous Exterior:Wrought Iron Security Doors
Listing Agent
- Contact info:
- Agent phone:
- (901) 494-6401
- Office phone:
- (844) 591-7325
Beds
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Second Bedroom:Hardwood Floor, Level 1, Smooth Ceiling
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Third Bedroom:Hardwood Floor, Level 1, Smooth Ceiling
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Bedroom 3:Hardwood Floor, Level 1, Smooth Ceiling
Baths
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Bath Description:Smooth Ceiling
Heating & Cooling
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Heating:Central
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Cooling:Central
Utilities
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Water and Sewer:Public Sewer, Public Water
Appliances
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Interior Equipment:Range/Oven, Refrigerator
The Community
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Neighborhood Association:None
Parking
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Parking Display:2
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Parking/Storage:Driveway/Pad, Storage Room, Front-Load Garage
Monthly cost estimate
Asking price
$179,900
| 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. |
$963
|
| Taxes | $217 |
| Insurance | $49 |
| Utilities | N/A |
| Total | $1,229/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 |
|---|---|---|---|---|
|
4/7/25
Apr 7, 2025
|
Listed / Active | MAARMLS | $179,900 | 6.4% (2.4% / YR) |
|
8/17/22
Aug 17, 2022
|
MAARMLS | $169,000 | 78.1% | |
|
6/22/22
Jun 22, 2022
|
MAARMLS |
