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2974 WAVERLY AVE, Memphis, TN 38111

Memphis
Local realty services provided by:CENTURY 21 Home First Realtors
2974 WAVERLY AVE,Memphis, TN 38111
$145,000
  • 3 Beds
  • 1 Baths
  • - sq. ft.
  • Single family
  • Active
Listed by: james wachob
Office: foundation property management
MLS#:10203706
Source:TN_MAAR

Price summary

  • Price:$145,000

About this home

ATTENTION INVESTORS!! Fully renovated, turnkey income-producing asset with tenant in place. Currently leased at $1,175, generating $222.65/month in cash flow through 3/12/2028 with a strong 6.25% cash-on-cash return. Financials available upon request Major improvements include a new 30-year architectural roof, new 3-ton HVAC system with updated ductwork, upgraded electrical with new breaker panel, and new plumbing with a 30-gallon water heater. Interior features a fully redesigned kitchen with new cabinets, countertops, and fixtures, plus a renovated bathroom with new tub, tile, and vanity. Additional upgrades include LVP/tile flooring, fresh interior/exterior paint, smart locks, and new windows. Extensively updated for long-term durability and low-maintenance rental performance. No wholesalers, assignments, or creative financing! DO NOT APPROACH OR DISTURB TENANTS, NO SHOWINGS WITHOUT AN ACCEPTED OFFER. Owner/Agent

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Home facts

  • Year built:1925
  • Listing ID #:10203706
  • Added:280 day(s) ago
  • Updated:May 23, 2026 at 10:40 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:8
  • Bathrooms Description:All Bedrooms Down

Structure and exterior

  • Year built:1925
  • Lot area:0.13 Acres
  • Lot Features:Level
  • Architectural Style:Traditional
  • Construction Materials:Vinyl Siding
  • Levels:1 Story

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$145,000
  • Tax amount:$520

Parking

  • Parking description:Driveway/Pad
  • Garage spaces:1
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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