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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.
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
Amenities
Monthly Cost Estimate
$588/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3816 ALLANDALE Ln
Memphis, TN 38111
SHERWOOD FOREST SECOND ADDITION
Features & Amenities
Exterior Features
Property Details
Flooring
Pool Features
Parking
Heating
Cooling
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.








