About This Home

This 3-bedroom, 2-bathroom single family at 4848 NEELY Rd in Memphis, TN is listed for $119,500 ($105 per sqft). Built in 1966, the home offers 1,142 sqft of living space on a 0.17 acres lot.

Key Features

  • Built in 1966
  • 0.17 acre lot

Property Details

1 story
1 full, 1 half
1-car garage
1966

Amenities

A/C
Listing Description

Great Occupied investment Opportunity! This property is currently occupied by a tenant who is paying $1,275 per month and is on a lease from 12/01/2020 - 06/30/2027. There is professional property management in place with Reedy and Company. No wholesale or creative financing offers. No showings without an accepted offer.

Monthly Cost Estimate

$639/mo

20% down · 6.5% · 30 years

Principal$86
Interest$518
Insurance$35

Estimates only. Actual payments may vary.

Location

4848 NEELY Rd

Memphis, TN 38109

SMITH TURLEY

Features & Amenities

Exterior Features

Wrought Iron Security Drs

Property Details

Flooring

Laminate

Parking

Driveway

Heating

Central

Cooling

Central Air

Questions & Answers

This 3-bedroom, 2-bathroom single family at 4848 NEELY Rd is listed at $119,500 ($105/sqft). The estimated monthly payment is $639 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1966, 0.17 acre lot. Exterior Features: Wrought Iron Security Drs.

This property is listed by Alex Evans.

AE

Alex Evans

Agent at Reedy & Company, REALTORS

Listed by Reedy & Company, REALTORS · Broker phone: (901) 683-4446 · View on Broker Site · Broker website

MLS# 10225687· Source: Memphis Area Association of Realtors®· 111 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.

4848 NEELY Rd, Memphis, TN 38109

Open this listing in: