About This Home
This 3-bedroom, 2-bathroom single family at 1864 MACAULAY Ave in Memphis, TN is listed for $155,000 ($106 per sqft). Built in 1957, the home offers 1,467 sqft of living space on a 0.27 acres lot.
Key Features
- Built in 1957
- 0.27 acre lot
Property Details
Amenities
ATTENTION INVESTORS! Tenant occupied property that would make an excellent addition to your rental portfolio. This 4 bedroom, 2 bathroom brick home is rented for $1,525/month to a Section 8 tenant with a lease secured until June 30, 2027. Tenant moved in July 1, 2025 and just renewed their lease for another 12 months.
Roof, AC Condenser, Furnace replaced July 2020. Water heater replaced September 2022. Home was refreshed in 2025 and features new carpet, fresh paint, a spacious living room and bonus room that can serve as a 4th bedroom, covered parking and a spacious fenced-in backyard.
Priced to sell near the desired 1% Rule. Seller is also selling 3962 Sloan St and 2919 Bede Rd (you can buy them individually or in bulk). Please do not disturb the tenant. Tenant ledger, lease and maintenance report are available upon request. No wholesalers, assignments or creative or owner financing.
Monthly Cost Estimate
$829/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1864 MACAULAY Ave
Memphis, TN 38127
GEORGIAN HILLS BLK E
Features & Amenities
Exterior Features
Property Details
Flooring
Pool Features
Parking
Heating
Cooling
Questions & Answers
This 3-bedroom, 2-bathroom single family at 1864 MACAULAY Ave is listed at $155,000 ($106/sqft). The estimated monthly payment is $829 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1957, 0.27 acre lot. Exterior Features: Patio.
This property is listed by Jeremy Veldman and can be reached at 6624187511.
