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123 LORAINE RD, Memphis, TN 38109

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
  • Listing ID #:10204432
  • Added:156 day(s) ago
  • Updated:January 29, 2026 at 09:19 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1

Heating and cooling

  • Cooling:Central
  • Heating:Central, Gas

Structure and exterior

  • Roof:Composition Shingles
  • Year built:1972
  • Lot area:0.15 Acres

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

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