Price Reduction - Seller Financing
Address
1188 Tanglewood St, Memphis, TN
Price
$ 125,000
Property Attributes
- MLS#10226802
- TypeSingle Family
- Listing Status Active
- CountySHELBY
- CityMemphis
- AreaSouth Memphis-Glenview
- NeighborhoodTANGLEWOOD TERRACE
- Zip38114
- StyleTraditional
- Year Built1924
- Taxes$ 1254
- Price$ 125,000
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage1200
- Lot Size0.17 Acres
Data Source:
Memphis MLS (MAAR)
Property Description
ATTENTION INVESTORS! Tenant-occupied investment opportunity on a desirable corner lot just 0.5 miles from the Cooper-Young Historic District. The property is currently rented for $935/month to a stable, long-term tenant who has occupied the home since 2015. The lease is in place through April 30, 2027, with current rent and a consistent payment history. The home features a spacious den with a fireplace, separate dining room, updated kitchen, and a private, fenced backyard. Conveniently located near the shops, dining, and entertainment of Cooper-Young, this property offers an attractive combination of established rental income and long-term value-add potential. Don't miss the opportunity to add this gem to your portfolio! Professionally managed, please do not disturb tenant. Lease and tenant ledger available upon request. Professionally managed. Please do not disturb the tenant. No wholesale, owner financing, or creative financing offers.
| Price History | |
|---|---|
| 7/23/2026 | Listed $135,000 |
| 9/9/2026 | 8$125,000 |
General Features
| Heating | Central |
|---|---|
| Cooling | Central |
| Status | Active |
| Full Baths | 1 |
| Legal Subdivision Name | TANGLEWOOD TERRACE |
| Style | Traditional |
| Stories Count | 1 |
| County | Shelby |
| Class | Residential |
| Type | Detached Single Family |
| Condo | No |
| Area | 748C |
| Parcel Number | 031110 00007 |
| Status | Active |
| Annual City Tax | 614 |
| Annual County Tax | 640 |
| Sale/Rent | For Sale |
| Area | South Memphis/Glenview |
| Service Type | Full Service Listing |
| Neighborhood Association | None |
| Year Built | 1924 |
| Directions | Get on I-240 W. Take exit 23A to merge onto Airways Blvd. Turn left onto Lamar Ave. Turn right onto Tanglewood St. |
| City | Memphis |
| DOM | 56 |
Interior Features
| Dining Room | 10x10 |
|---|---|
| Living Room | Eat-In Kitchen |
| Living Room Dimensions | 10x10 |
| Beds | 2 |
| Total Baths | 1 |
| Number of Rooms | 5 |
| Downstairs Bedrooms | 2 |
| FLOORS/CEILINGS | Part Carpet |
Exterior Features
| Pool | None |
|---|---|
| Lot | 24 |
| Lot Size Area | 0.17 |
| Lot Size | 50X150 |
| Parking Display | No |
| Lot Description | Level |
| PARKING/STORAGE | Driveway/Pad |
| EXTERIOR/WINDOWS | Other (See Remarks) |
| Misc. Exterior | Patio |
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 38114
Price
Taxes
Year Built
Visits
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