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2974 WAVERLY AVE Memphis, TN $ 145,000
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$ 145,000 Get more info
2974 WAVERLY AVE
$ 145,000
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2974 WAVERLY AVE

Memphis, TN, 38111
$ 145,000
Bedrooms3 Baths1.0 Sq 960

Monthly Estimate*

$ 893

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Single Family Home for sale in Memphis, TN

for $145,000 with 3 bedrooms and 1 full bath. This 960 square foot home was built in 1925 on a lot size of 0.13.

ATTENTION INVESTORS!! Fully renovated, turnkey income-producing asset with tenant in place. Generating $1,175/month in cash flow through 3/12/2028 with a strong 6.25% cash-on-cash return. Major improvements include a new 30-year architectural roof, new 3-ton HVAC system with updated ductwork, upgraded electrical with new breaker panel, and new plumbing with a 30-gallon water heater. Interior features a fully redesigned kitchen with new cabinets, countertops, and fixtures, plus a renovated bathroom with new tub, tile, and vanity. Additional upgrades include LVP/tile flooring, fresh interior/exterior paint, smart locks, and new windows. Extensively updated for long-term durability and low-maintenance rental performance. No wholesalers, assignments, or creative financing! DO NOT APPROACH OR DISTURB TENANTS, NO SHOWINGS WITHOUT AN ACCEPTED OFFER. Owner/Agent

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Single Family Active

Price

$ 145,000

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 520

Style

Traditional

Lot Size

0.13

Year Built

1925

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10203706
Features
General
Heating Other (See REMARKS)
Cooling Other (See REMARKS)
Status Active Active
Full Baths 1
Half Baths 0
Legal Subdivision Name F P MCDONALD LAKE
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Area 757A Pendleton/Park
Parcel Number 045073 00003
Sale/Rent For Sale
Status Detail 0
Year Built 1925
Directions From Semmes St go West on Waverly Ave; property on right.
City Memphis
DOM 180
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Interior
Living Room Other (See Remarks)
Beds 3
Total Baths 1
Number of Rooms 8
Heated SqFt 800-999
Downstairs Bedrooms 3
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Exterior
Pool None
Lot 36
Lot Size Area 0.13
Water & Sewer Public Sewer Public Water
Lot Size 50X118
Lot Description Level
Misc. Exterior Other (See REMARKS)
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* Excluded Features
List By
Foundation Property Management

Broker

Affordability Calculator

$936
Per Month
95%
5%
0%
Monthly Principal & Interest
$893
Monthly Property Taxes
$43
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
460623 Elementary School
460624 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
9/3/2025$65,000 -49.61% Price Down
9/2/2025$129,000 -73.40% Price Down
8/15/2025$484,900 Listed Price

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2974 WAVERLY AVE, Memphis, TN, 38111 is a Single Family Home for sale at $145,000 with 960 sqft and a lot size of 0.13. 2974 WAVERLY AVE has 3 bedrooms, 1.0 baths, and was built in 1925. The property's zip code is 38111 which is in Memphis, TN

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