Address
1407 Semmes St, Memphis, TN
Price
$ 72,000
Property Attributes
  • MLS#10207301
  • TypeCondos
  • Listing Status Active
  • CountySHELBY
  • CityMemphis
  • AreaPendleton-Park
  • NeighborhoodCHEROKEE
  • Zip38114
  • StyleTraditional
  • Year Built1950
  • Taxes$ 466
  • Price$ 72,000
  • Bedrooms1
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage576
  • Lot Size5.93 Acres
Data Source:
Memphis MLS (MAAR)
Property Description

OWNER FINANCING AVAILABLE!! ATTENTION INVESTORS! This tenant-occupied rental offers an opportunity to add another income-producing property to your portfolio. This 1-bedroom, 1-bath single-family home is currently generating $650/ month in rental income, with the current lease running through 08/21/2028. An opportunity to purchase an income-producing property with a tenant already in place. Please do not disturb the tenant. No showings without an accepted offer. NO wholesale, assignment or creative financing offers will be accepted. Financials available upon request. Professionally Managed IN-HOUSE

Price History
8/24/2026 Listed $72,000

General Features

Heating Other (See REMARKS)
Cooling Other (See REMARKS)
Status Active
Full Baths 1
Legal Subdivision Name CHERRY PARK CONDOMINIUMS
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Condo Yes
Area 757F
Unit Number 21
Parcel Number 059016 00191
Status Active
Annual City Tax 226
Annual County Tax 240
Monthly Maintenance Fee 60
Sale/Rent For Sale
Area Pendleton/Park
Service Type Full Service Listing
Condominium Association Yes
Year Built 1950
Directions From Kimball Ave,head south to Semmes St. The house is on the rigt.
City Memphis
DOM 240

Interior Features

Living Room Separate Living Room
Beds 1
Total Baths 1
Number of Rooms 3
Downstairs Bedrooms 1
FLOORS/CEILINGS Other (See REMARKS)
Condo Amenities Other (See REMARKS)

Exterior Features

Pool None
Lot UNIT 21
Lot Size Area 5.93
Parking Display No
PARKING/STORAGE Driveway/Pad
EXTERIOR/WINDOWS Other (See Remarks)
Misc. Exterior Other (See REMARKS)

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Condos Average in 38114

Price
AVG $80K
$70K
Taxes
AVG $727
$466
Year Built
AVG 1950
1950
Visits
AVG 112
7
Data Provided by Inside Real Estate®

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.