Michelle Smith
Sells Houses
REALTOR®, Affiliated Broker, SNP, SRS,PSA,ABR
BEDS3
BATHS2 full
MLS#10225834
STATUSActive
PROPERTY TYPEResidential - Townhouse
SUBDIVISIONGRACELAND
NEIGHBORHOODWhitehaven-Graceland
Property Description
Professionally managed investment opportunity generating immediate cash flow! This tenant-occupied property is ideal for out-of-state investors seeking a stable, low-maintenance asset in the Memphis market. The home is currently leased at $1,200 per month, with the rent increasing to $1,250 beginning January 2027, and the existing lease runs through January 21, 2028, providing reliable income and minimizing vacancy risk. With professional property management already in place, a long-term tenant, and built-in rental growth, this is an excellent opportunity to add a cash-flowing asset to your portfolio with a seamless ownership transition. Please do not disturb the residents.
Property Features
Property Type: Residential - Townhouse
Cooling: Central
Fireplaces: 1
Heating: Central
Home Style: Traditional
Lot Size: 0.07 Acres
Year Built: 1973
Feature Descriptions
Bed and Bath: Full Bath Down
Days on Site: 5
Exterior: Wrought Iron Security Drs
Exterior/ Windows: Brick Veneer
Floors/ Ceilings: Part Carpet, Tile
Living/ Dining Room: Separate Living Room
Lot: Level
Parking/ Storage: Driveway/Pad
Total Rooms: 5
Room Sizes
Primary Bedroom: 20x18
Dining Area: 6x8
Den/ Great Room: 15x17
Living room: 12x15
Listed By / Shown By
Listed By
Agency Name: CB Properties of Memphis, LLC
Shown By
Agent Name: Michelle Smith
Agent Phone: (901) 570-0141
Agency Title: Crye-Leike Real Estate Services
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 327.24 per month $289.32 Principal & Interest $0.00 Property Tax (data not provided by mls) $37.92 Homeowner's InsuranceChange Payment Information
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1284 Royal Oaks Cv | MLS# 10225834
This townhouse located at 1284 Royal Oaks Cv, Memphis, TN 38116 is currently listed for sale with an asking price of $130,000. This property was built in 1973 and has 3 bedrooms and 2 full baths. Royal Oaks Cv is located in the GRACELAND subdivision. Search GRACELAND real estate on michellesmith.crye-leike.com today.