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No HOA
Street View
$117,000
Monthly Est:$582
3 Beds
2 Baths1 full bath + 1 half bath
1,084sqft
123 Loraine Rd, Memphis, TN 38109
$117,000
$582/moEst:
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Single Family Residence
Built in 1972
$-- HOA
6,534 sqft lot
$108/sq.ft
Description
Investor opportunity in a strong rental market! This all-brick, low-maintenance, charming 3-bedroom, 1.5-bath home offers 1,080 sq. ft. of living space on a fenced 0.15-acre lot. Features include central heat and air, newer dimensional roof, updated electrical panel with room to expand, new thermostat, Kwikset SmartKey exterior locks, new LED lighting throughout, new switches/outlets/GFIs, and updated exterior lights. Interior highlights include a spacious den, large kitchen with ample cabinets and breakfast area, and renovated baths with tile flooring, new toilets, and updated venting. Bedrooms feature carpet, while common areas have tile flooring. Recent upgrades provide reduced maintenance and long-term value. Currently tenant-occupied with a long-term resident paying $1,150/month (month-to-month lease; market rent ~$1,300/month). Low-maintenance, income-producing property ideal for buy-and-hold investors seeking stable cash flow and future upside. Do not disturb the tenant.
- Houzeo last checked: 1 minute ago
- Listing updated: November 20, 2025 at 4:51 pm
- Listing Provided by: Heath Gooch (901) 870-6960 | STIXNBRIX (901) 969-4578
- Source: Memphis MLS (MAARMLS)-TN | MLS#: 10204432
Property Details
Status
Pending
Type
Single Family Residence
No. of Stories
1
County
City
Neighborhood
Year Built
1972
HOA Fees
-
Finished Area
1,084 sqft
Lot Size
6,534 sqft lot
Basement Area
- sqft
MLS Name
Memphis MLS (MAARMLS)
MLS Number
10204432
MLS Status
Pending
Days on Market
409
Cumulative Days on Market
79
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Interior
Flooring
Part Carpet, Textured Ceiling, Tile, Vinyl/luxury Vinyl Floor
Sewer
Electric Water Heater, Public Sewer, Public Water
Heating
Central, Gas
Interior Features
All Window Treatments, Attic Access, Cat/dog Free House, Pull Down Attic Stairs, Smoke Detector(s), Eat In Kitchen, Separate Den, Updated/renovated Kitchen, Vinyl/luxury Vinyl Floor, W/d Connection In Kitchen, 1 Or More Br Down, All Bedrooms Down, Full Bath Down, Half Bath Down, Primary Down, Renovated Bathroom
Exterior Features
Patio, Chain Fence, Storage, Sidewalks
Appliances
Cable Available, Cable Wired, Dishwasher, Range/oven
Cooling
220 Wiring, Central
Construction
Year Built
Year Built: 1972
Home type
Single Family Residence
Foundation Details
Slab
Construction Materials
Aluminum Window(s), Brick Veneer, Storm Window(s)
Roof
Composition Shingles
Architectural Style
Traditional
Utilities & Energy
Parking Features
Driveway/pad, Storage Room(s)
Security Features
Dead Bolt Lock(s), Iron Door(s), Smoke Detector(s)
Pool Features
Above Ground
Other Features
Lot Features
Chain Fenced, Level
Subdivision Name
Smith & Turley
Price History
| Date | Event | Price |
|---|---|---|
11/20/2025 Source: | Pending | $117,000 $108/sqft |
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Based on information from the Memphis Area Association of REALTORS(R) (alternatively, from the Memphis Area Association of REALTORS® MLS) through Oct 10, 2026, 07:00PM. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose website is being visited. Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it. © 2025 Memphis Area Association of REALTORS®. All Rights Reserved. Angela Fowler Real Estate, LLC | 423.320.4620 Mailing Address: 452 Kailors Cove Cir, Ringgold, GA 30736
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