Bill Bates
BEDS3
BATHS1 full 1 partial
MLS#10218251
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONGEORGIAN HILLS BLK E
NEIGHBORHOODFrayser - North
Property Description
Turnkey investment opportunity with tenant in place paying $895/month ($10,740 annually), providing immediate cash flow. Estimated monthly cash flow of $172.85 with a projected 7.41% cash-on-cash return. Professionally managed 3BR/1.5BA ranch built in 1957 featuring ~1,046 sq ft of living space, hardwood flooring throughout, a carport, and a spacious ~0.29-acre lot in the Frayser neighborhood. Property underwent a full rehab in December 2024 and includes a 2-ton condenser installed 04/2025 and a 2-year-old water heater, offering improved system reliability and reduced maintenance concerns. Strong rental demand area with stable in-place tenancy supporting consistent 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 03/2028 at $895/month.
Property Features
Property Type: Residential - Single Family
Cooling: Central
Heating: Central
Home Style: Traditional
Lot Size: 0.29 Acres
Year Built: 1957
Feature Descriptions
Bed and Bath: All Bedrooms Down
Days on Site: 56
Exterior/ Windows: Brick Veneer
Floors/ Ceilings: Part Hardwood
Living/ Dining Room: Separate Dining Room
Lot: Level
Parking/ Storage: Driveway/Pad
Total Rooms: 5
Listed By / Shown By
Listed By
Agency Name: Foundation Property Management
Shown By
Agent Name: Bill Bates
Agent Phone: (901) 461-6677
Agency Title: Crye-Leike Real Estate Services
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 216.48 per month $191.40 Principal & Interest $0.00 Property Tax (data not provided by mls) $25.08 Homeowner's InsuranceChange Payment Information
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1907 Kingsley Ave | MLS# 10218251
This single family home located at 1907 Kingsley Ave, Memphis, TN 38127 is currently listed for sale with an asking price of $86,000. This property was built in 1957 and has 3 bedrooms and 1 full and 1 partial baths. Kingsley Ave is located in the GEORGIAN HILLS BLK E subdivision. Search GEORGIAN HILLS BLK E real estate on bill.crye-leike.com today.