862 S Lauderdale St S, Memphis, TN, 38126

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862 S Lauderdale St S, Memphis$99,500

Buyer Closing Credits

$1,182^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingDriveway/Pad

Year Built1917

HeatingCentral

CoolingCentral Air

MLS #10168024

Lot Size0.18 Acres

StatusActive

About 862 S Lauderdale St S

Investor Special! This cash cow is tenant occupied with rent at $1200 a month. The home has fully renovated with new tile floors, new paint, fully updated bathrooms/ kitchen, new roof and plumbing! Add this asset with over a 13% cap rate to your portfolio today!

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Property Details

Property Features

Property Information:

• Architectural Style: Traditional
• Year Built: 1917
• Stories: 1

Listing Office:

• Office Name: Tiger Realty

Interior Features

Interior Information:

• Appliances: Range, Oven
• Flooring Type: Hardwood Throughout

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 3

Exterior Features

Exterior Information:

• Exterior: Porch

Parking Information:

• Parking: Driveway/Pad

Lot Features

Lot Information:

• Lot: Fencing
• Lot Size: 0.18 Acres

Utilities

Utilities Information:

• Heating: Central
• Cooling: Central Air

Other

Directions Information:

• Directions: From 240 heading South take exit 29, From there take a left on S Lauderdale. Home is on the left

Price Information

Listing Price Info

Price Summary:

• List Price: $99,500

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Housing Market Comparison

See how this home compares to others in Memphis, TN.

Memphis, TN

City

Med. Sold Price

$190.4K

# of Sold Homes

409

862 S Lauderdale St S vs Memphis

244 DAYS ON ROCKET

$99,500

-$90.9K Less

KEY TAKEAWAY

This property is $90.9K less than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

• MLS Number: #10168024

Listing Office:

• Office Name: Tiger Realty

Copyright© 2024 Memphis Area Association of REALTORS. The 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 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 web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 4:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

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**Disclosures

Rocket Homes›Tennessee›Shelby County›Memphis›38126›862 S Lauderdale St S

This home is located at 862 S Lauderdale St S in Memphis, TN and zip code 38126 in the South Memphis neighborhood. This home, which was built in 1917, sits on a 0.18 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 16, 2024 and is currently priced at $99,500.

In October 2024 more than 53 listings in Memphis, TN were sold above the asking price. During the same period more than 103 listings were sold at asking price, while more than 252 were sold below. The inventory of homes for sale in Memphis, TN between September 2024 and October 2024 increased by 22.4%.

From Rocket Homes Real Estate and based on county public records data.