Gary Walls
BEDS3
BATHS1 full 1 partial
MLS#10218276
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONMOORES LAND
NEIGHBORHOODFrayser-Whitney
Property Description
Turnkey investment opportunity with tenant in place paying $995/month ($11,940 annually), providing immediate cash flow. Estimated monthly cash flow of $227.34 with a projected 9.33% cash-on-cash return. Professionally managed 3BR/1.5BA brick home (built 1958) featuring ~1,200 sq ft of living space, hardwood flooring, large windows for natural light, and a spacious 0.31-acre lot in the Moores Land/Frayser area. Property underwent a full rehab in January 2025 and includes a 2-ton condenser (1 year old) and a water heater (2 years old), offering improved system reliability and reduced near-term maintenance. Strong rental demand location with stable in-place tenancy supporting long-term performance. Professionally managed. No wholesalers, assignments, or creative financing! DO NOT APPROACH OR DISTURB TENANTS. No showings without an accepted offer. Leased through 5/06/2026 at $995/month.
Property Features
Property Type: Residential - Single Family
Cooling: Central
Heating: Central
Home Style: Traditional
Lot Size: 0.31 Acres
Year Built: 1958
Feature Descriptions
Bed and Bath: All Bedrooms Down
Days on Site: 54
Exterior/ Windows: Brick Veneer
Floors/ Ceilings: Part Carpet, Tile
Living/ Dining Room: Separate Living Room, Separate Dining Room, Washer/Dryer Connections, Other (See Remarks)
Lot: Level
Parking/ Storage: Driveway/Pad
Total Rooms: 6
Listed By / Shown By
Listed By
Agency Name: Foundation Property Management
Shown By
Agent Name: Gary Walls
Agent Phone: (901) 482-8515
Agency Title: Crye-Leike Real Estate Services
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 229.07 per month $202.53 Principal & Interest $0.00 Property Tax (data not provided by mls) $26.54 Homeowner's InsuranceChange Payment Information
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1688 Haywood Ave | MLS# 10218276
This single family home located at 1688 Haywood Ave, Memphis, TN 38127 is currently listed for sale with an asking price of $91,000. This property was built in 1958 and has 3 bedrooms and 1 full and 1 partial baths. Haywood Ave is located in the MOORES LAND subdivision. Search MOORES LAND real estate on gary.crye-leike.com today.