About This Home

This 3-bedroom, 1-bathroom single family at 223 CHARTER Ave in Memphis, TN is listed for $116,900 ($102 per sqft). Built in 1960, the home offers 1,147 sqft of living space on a 0.19 acres lot.

Key Features

  • Built in 1960
  • 0.19 acre lot

Property Details

1 story
1 full
1960

Amenities

A/C
Listing Description

Don't miss this newly renovated (2023), income-producing property featuring 3 bedrooms and 1 bathroom. Currently tenant-occupied at $1,000 per month, with the lease in place through November 30, 2026, providing immediate cash flow for investors. But this property isn't just for investors!

It could also be a great opportunity for a first-time homebuyer looking for an affordable home with the potential to build equity and create long-term wealth. Conveniently located within walking distance of public transportation, grocery stores, and nearby schools, including Geeter K-8 School and Fairley High School.

Whether you're looking to add to your investment portfolio or purchase your first home, this property is worth a closer look! ?? Please do not disturb the tenants. No showings will be permitted until an acceptable offer has been received and accepted by the seller.

Monthly Cost Estimate

$625/mo

20% down · 6.5% · 30 years

Principal$85
Interest$507
Insurance$34

Estimates only. Actual payments may vary.

Location

223 CHARTER Ave

Memphis, TN 38109

ACKLENA LAND COMPANY

Features & Amenities

Interior Features

All Window Treatments

Exterior Features

Chain FencePorchSidewalksStorageWrought Iron Security Drs

Property Details

Flooring

TileVinyl

Outdoor Features

Porch

Parking

Driveway

Heating

Central

Cooling

Ceiling Fan(s)Central Air

Questions & Answers

This 3-bedroom, 1-bathroom single family at 223 CHARTER Ave is listed at $116,900 ($102/sqft). The estimated monthly payment is $625 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1960, 0.19 acre lot. Interior Features: All Window Treatments. Exterior Features: Chain Fence, Porch, Sidewalks.

This property is listed by Raven Henderson.

RH

Raven Henderson

Agent at KAIZEN Realty

Listed by KAIZEN Realty · Broker phone: (901) 221-4041 · View on Broker Site · Broker website

MLS# 10225371· Source: Memphis Area Association of Realtors®· 120 days on PropertySimple

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

223 CHARTER Ave, Memphis, TN 38109

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