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123 LORAINE RD, Memphis, TN 38109

Memphis
Local realty services provided by:CENTURY 21 Home First Realtors
123 LORAINE RD,Memphis, TN 38109
$117,000
  • 3 Beds
  • 2 Baths
  • - sq. ft.
  • Single family
  • Pending
Listed by: heath gooch
Office: stixnbrix
MLS#:10204432
Source:TN_MAAR

Price summary

  • Price:$117,000

About this home

Investor opportunity in a strong rental market! This all-brick, low-maintenance, charming 3-bedroom, 1.5-bath home offers 1,080 sq. ft. of living space on a fenced 0.15-acre lot. Features include central heat and air, newer dimensional roof, updated electrical panel with room to expand, new thermostat, Kwikset SmartKey exterior locks, new LED lighting throughout, new switches/outlets/GFIs, and updated exterior lights. Interior highlights include a spacious den, large kitchen with ample cabinets and breakfast area, and renovated baths with tile flooring, new toilets, and updated venting. Bedrooms feature carpet, while common areas have tile flooring. Recent upgrades provide reduced maintenance and long-term value. Currently tenant-occupied with a long-term resident paying $1,150/month (month-to-month lease; market rent ~$1,300/month). Low-maintenance, income-producing property ideal for buy-and-hold investors seeking stable cash flow and future upside. Do not disturb the tenant.

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Home facts

  • Year built:1972
  • Subdivision & Development:SMITH & TURLEY
  • Listing ID #:10204432
  • Added:406 day(s) ago
  • Updated:October 08, 2026 at 07:56 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Rooms Total:5
  • Flooring:Part Carpet, Tile
  • Bathrooms Description:1 or More BR Down, All Bedrooms Down, Full Bath Down, Half Bath Down, Renovated Bathroom
  • Kitchen Description:Dishwasher, Eat-In Kitchen, Range/Oven, Updated/Renovated Kitchen, W/D Connection in Kitchen

Heating and cooling

  • Cooling:Central
  • Heating:Central, Gas

Structure and exterior

  • Roof:Composition Shingles
  • Year built:1972
  • Lot area:0.15 Acres
  • Lot Features:Level
  • Architectural Style:Traditional
  • Construction Materials:Brick Veneer
  • Exterior Features:Chain Fence, Patio, Sidewalks, Storage
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$117,000
  • Tax amount:$1,035

Features and amenities

  • Amenities:All Window Treatments, Attic Access, Cable Available, Cable Wired, Dead Bolt Lock(s), Iron Door(s), Pull Down Attic Stairs, Smoke Detector(s)
  • Pool features:Above Ground

Parking

  • Parking description:Driveway/Pad
Listing content and images Copyright© 2026 Memphis Area Association of REALTORS®. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it. TN_MAAR Member Broker: Connie Farina

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