$118,000
 $633 est/mo Sourced by Back At You

389 W Mitchell Rd,Memphis, TN 38109

Memphis, TN 38109

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Description

CALLING ALL INVESTORS!!! Seller is willing to sell this property as part of a package with 2961-2963 GRENADIER CV/Vacant and 5025 BERTA RD/Occupied at a REDUCED PRICE. Contact co-listing or your agent for more info! This tenant-occupied rental offers an opportunity to add another income-producing property to your portfolio. This 3-bedroom, 1-bath single-family home is currently generating $1,045/ month in rental income, with the current lease running through 04/03/2028. An opportunity to purchase an income-producing property with a tenant already in place. Please do not disturb the tenant. No showings without an accepted offer. NO wholesale, assignment or creative financing offers will be accepted. Financials available upon request. Professionally Managed IN-HOUSE

Details

MLS #10225449
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1956
Days On Site77
Listing Provided ByFoundation Property Management | James Wachob

Features

Bed(s)3
Bath(s) 1 Total
Story(s)1
Acreage0.20
Property ViewLevel

Interior

Number Of Rooms5
CoolingCentral
HeatingCentral

Exterior

Lot DescriptionLevel

Area Information

StateTN
CountyShelby
CityMemphis
Zip Code38109
AreaMitchell | Westwood
Subarea762B
Community NameJ E WALKER HOMES
Listing VS Median (in J E WALKER HOMES)
Price:
$118,000
low | high
Med:
$0
On site:
77
low | high
Med:
Sourced by Back At You

Market Activity 38109

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Additional Information


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Learn More About This Property

StateTN
CountyShelby
CityMemphis
Zip Code38109
AreaMitchell | Westwood
Subarea762B
Community NameJ E WALKER HOMES
Listing VS Median (in J E WALKER HOMES)
Price:
$118,000
low | high
Med:
$0
On site:
77
low | high
Med:
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $88K - $147K
sqft: 0 - 0
Listing Updated: September 10, 2026 at 4:09:48 PM PDT