About This Home
Renovated rental property in the Reese neighborhood of Memphis, Tennessee, with an active lease in place. The 1,320-square-foot single-family home offers two bedrooms and two bathrooms, with a layout suited to its current residential use. Built in 1947, the property sits on a 0.15-acre lot and includes central air conditioning and central heating.
The home is currently leased for $1,200, with a listed lease expiration of 09/31/2026. Priced at $176,890, this Memphis property is being offered as part of a 103-home package. No creative finance offers are available. Its combination of two full bathrooms, established rental occupancy, and central climate systems provides clear, fact-based details for buyers reviewing an income-producing residential portfolio opportunity.
Key Features
- Built in 1947
- 0.15 acre lot
Property Details
Amenities
Renovated rental property with an active lease in place. Currently leased at $1,200 with a lease expiration of 09/31/2026. No creative finance offers. This home is part of a 103 home package.
Monthly Cost Estimate
$946/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3051 PARK Ave
Memphis, TN 38111
REESE
Property Details
Heating
Cooling
Questions & Answers
This 2-bedroom, 2-bathroom single family at 3051 PARK Ave is listed at $176,890 ($134/sqft). The estimated monthly payment is $946 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1947, 0.15 acre lot.
This property is listed by Caleb Hall and can be reached at 9015509021.
