- Overview
- Description
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Street View
$69,000
Monthly Est:$343
3 Beds
1 Bath1 full bath
974sqft
1561 Preston St, Memphis, TN 38106
$69,000
$343/moEst:
Get Pre-Approved
Single Family Residence
Built in 1997
$-- HOA
7,840.8 sqft lot
$71/sq.ft
Description
Here's a perfect opportunity to purchase a cash flowing property.Calling all investors! This income-producing 3-bedroom, 1-bath home is the perfect addition to your rental portfolio. Featuring strong cash flow potential, spacious living areas, and a functional floor plan, this property is already set up to generate consistent monthly income. Property is occupied by a tenant at $695 per mo. ***DO NOT DISTURB*** Drive by to make offers. No viewing without an Seller Accepted offer. Due Diligence performed during walkthrough once accepted. Cash offers must show a Valid Proof of Funds. Must present a Pre Approval for all Conventional Loans. ***Professional Property Management in Place***> Seller also Selling 572 Burlington Cir< ~Sorry No Wholesalers, No Creative Financing and No Hard Money Loans~
- Houzeo last checked: 12 minutes ago
- Listing updated: September 18, 2026 at 7:17 pm
- Listing Provided by: Tara Woodley (901) 603-3419 | Zach Taylor Real Estate (855) 261-2233
- Source: Memphis MLS (MAARMLS)-TN | MLS#: 10221417
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
1
County
City
Neighborhood
--
Year Built
1997
HOA Fees
-
Finished Area
974 sqft
Lot Size
7,840.8 sqft lot
Basement Area
- sqft
MLS Name
Memphis MLS (MAARMLS)
MLS Number
10221417
MLS Status
Active
Days on Market
172
Cumulative Days on Market
126
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathroom: 1
Interior
Cooling
Central
Interior Features
Lr/dr Combination, Other (see Remarks), All Bedrooms Down
Flooring
Tile, Vinyl/luxury Vinyl Floor
Sewer
Public Sewer, Public Water
Exterior Features
Wrought Iron Security Drs, Porch, Other (see Remarks)
Heating
Central
Construction
Year Built
Year Built: 1997
Home type
Single Family Residence
Architectural Style
Traditional
Roof
Composition Shingles
Construction Materials
Brick Veneer
Utilities & Energy
Parking Features
Driveway/pad, Other (see Remarks)
Pool Features
None
Other Features
Lot Features
Other (see Remarks), Some Trees
Subdivision Name
Central Land Co Blk 8
Price History
| Date | Event | Price |
|---|---|---|
09/18/2026 Source: | Price Decreased | $69,000 -1.43% $71/sqft |
06/19/2026 Source: | Listed for Sale | $70,000 +11.11% $72/sqft |
06/21/2024 Source: | Sold | $63,000 $65/sqft |
Getting Around 1561 Preston St
Bike Score®
Somewhat Bikeable
38/100
Walk Score®
Car-Dependent
27/100
Transit Score®
Some Transit
29/100
Data provided by Redfin
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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 Nov 01, 2026, 01:30AM. 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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