About This Home

This 3-bedroom, 2-bathroom single family at 3820 LUCERNE Dr in Memphis, TN is listed for $189,000 ($128 per sqft). Built in 1981, the home offers 1,480 sqft of living space on a 0.19 acres lot.

Key Features

  • Built in 1981
  • 0.19 acre lot
  • Fireplace

Property Details

1 story
2 full
1981

Amenities

FireplaceA/C
Listing Description

Fantastic investment opportunity. Seller has 7 properties for sale. 6 SFH & 1 Duplex. This property is leased at $1,390/mo. through 2/28/2027. Providing immediate cash flow while you plan your future value-add strategy. Please do not disturb the tenant.

Property being sold as-is. No wholesalers, or creative financing. Showings/Inspections after contract. This property is currently being professionally managed by Reed & Associates of TN, LLC. This charming home offers 3-bedrooms, 2-bathrooms, open den w/FP, separate dining room & eat in Kitchen. Tiled floors in the common areas & plank vinyl in the bedrooms. A large lot with mature trees. Photos from July 2022.

Monthly Cost Estimate

$1,011/mo

20% down · 6.5% · 30 years

Principal$137
Interest$819
Insurance$55

Estimates only. Actual payments may vary.

Location

3820 LUCERNE Dr

Memphis, TN 38115

ROSSWOOD WILLAGE SEC B

Property Details

Parking

Driveway

Heating

Central

Cooling

Central Air

Questions & Answers

This 3-bedroom, 2-bathroom single family at 3820 LUCERNE Dr is listed at $189,000 ($128/sqft). The estimated monthly payment is $1,011 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1981, 0.19 acre lot, Fireplace.

This property is listed by Benjamin Reed.

BR

Benjamin Reed

Agent at Reed & Associates Of TN, LLC

Listed by Reed & Associates Of TN, LLC · Broker phone: (901) 758-1133 · View on Broker Site · Broker website

MLS# 10223554· Source: Memphis Area Association of Realtors®· 141 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.

3820 LUCERNE Dr, Memphis, TN 38115

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