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About This Home

This 2-bedroom, 1-bathroom single family at 3816 ALLANDALE Ln in Memphis, TN is listed for $110,000 ($89 per sqft). Built in 1950, the home offers 1,241 sqft of living space on a 0.18 acres lot.

Agent Description

This well-maintained 2-bedroom, 1-bath property is a fantastic investment opportunity, featuring a reliable, long-term tenant who has called it home for over 10 years. The tenant is in good standing and currently pays $875 per month, offering immediate, consistent income from day one.

Even better, the rent is below market value, presenting clear potential for future increases and improved returns. Ideally located with convenient access to shopping, dining, and I-240, this property combines stability with upside potential. Whether you're looking to expand your investment portfolio or take your first step into real estate investing, this is a smart, income-producing opportunity you won't want to miss. Please do not disturb the tenant. This is a tenant-occupied property, and all tenant rights apply.

Key Features

  • Built in 1950
  • 0.18 acre lot

Property Details

1 story
1 full
1950

Amenities

HardwoodA/C

Monthly Cost Estimate

$588/mo

20% down · 6.5% · 30 years

Principal$80
Interest$477
Insurance$32

Estimates only. Actual payments may vary.

Location

3816 ALLANDALE Ln

Memphis, TN 38111

SHERWOOD FOREST SECOND ADDITION

Features & Amenities

Exterior Features

Porch

Property Details

Flooring

HardwoodCarpet

Pool Features

Porch

Parking

Driveway

Heating

Central

Cooling

Central Air

Questions & Answers

This 2-bedroom, 1-bathroom single family at 3816 ALLANDALE Ln is listed at $110,000 ($89/sqft). The estimated monthly payment is $477 based on 20% down at 6.5% interest.

Key features include: Built in 1950, 0.18 acre lot. Exterior Features: Porch.

This property is listed by Tracy Jefferson and can be reached at 9012184006 or tracy.jefferson@clhomes.com.

TJ

Tracy Jefferson

Agent at Crye-Leike, Inc., REALTORS

(901) 218-4006

Listed by Crye-Leike, Inc., REALTORS · View on Broker Site

MLS# 10220996· Source: listhub· Updated 25 days ago

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.

3816 ALLANDALE Ln, Memphis, TN 38111

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