Price Reduction
Address
1561 Preston St, Memphis, TN
Price
$ 69,000
Property Attributes
- MLS#10221417
- TypeSingle Family
- Listing Status Active
- CountySHELBY
- CityMemphis
- AreaSouth Memphis-61 Hwy
- NeighborhoodCENTRAL LAND CO BLK 8
- Zip38106
- StyleTraditional
- Year Built1997
- Taxes$ 823
- Price$ 69,000
- Bedrooms3
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage974
- Lot Size0.18 Acres
Data Source:
Memphis MLS (MAAR)
Property 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~
| Price History | |
|---|---|
| 5/12/2026 | Listed $73,000 |
| 6/19/2026 | 5$70,000 |
| 9/18/2026 | 2$69,000 |
General Features
| Heating | Central |
|---|---|
| Cooling | Central |
| Roof | Composition Shingles |
| Status | Active |
| Full Baths | 1 |
| Legal Subdivision Name | CENTRAL LAND CO BLK 8 |
| Style | Traditional |
| Stories Count | 1 |
| County | Shelby |
| Class | Residential |
| Type | Detached Single Family |
| Condo | No |
| Area | 747B |
| Parcel Number | 034013 00008 |
| Status | Active |
| Annual City Tax | 403 |
| Annual County Tax | 420 |
| Sale/Rent | For Sale |
| Area | South Memphis/61 Hwy |
| Service Type | Full Service Listing |
| Neighborhood Association | None |
| Year Built | 1997 |
| Directions | Take 55 North to S Parkway West,Exit 26B,Right on Preston. |
| City | Memphis |
| DOM | 126 |
Interior Features
| Living Room | LR/DR Combination,Other (See Remarks) |
|---|---|
| Beds | 3 |
| Total Baths | 1 |
| Number of Rooms | 5 |
| Downstairs Bedrooms | 3 |
| FLOORS/CEILINGS | Tile,Vinyl/Luxury Vinyl Floor |
Exterior Features
| Pool | None |
|---|---|
| Lot | 21 |
| Lot Size Area | 0.18 |
| Water & Sewer | Public Sewer,Public Water |
| Lot Size | 53X151 |
| Parking Display | No |
| Lot Description | Other (See Remarks),Some Trees |
| PARKING/STORAGE | Driveway/Pad,Other (See REMARKS) |
| EXTERIOR/WINDOWS | Brick Veneer |
| Misc. Exterior | Wrought Iron Security Drs,Porch,Other (See REMARKS) |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 38106
Price
Taxes
Year Built
Visits
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