5396 LOCHINVAR DR, Memphis, TN 38116

$124,900 Asking Price

3 beds
1 bath
Built in 1955

ATTENTION INVESTORS! This 3 bedroom, 1 bathroom brick home has a stable long-term tenant that just renewed for $1,040/month. Lease is good until 2/28/2026. House was completely renovated in 2017 (new roof, HVAC, water heater, kitchen and bathroom upgrades) and a thorough Get Ready renovation was completed in December 2023. Other homes on the street have recently sold for much more, opportunity to acquire a cash flowing property with long term upside potential! Professionally managed, do not disturb tenant. Tenant ledger and maintenance report available upon request.

Features & Amenities

Interior

Rooms:
5
Flooring:
Part Carpet
A/C:
Central
Heating:
Central

Exterior

General:
Other (See Remarks), Patio
Style:
Traditional
Pool:
None
Parking:
Driveway/Pad, Parking spaces: 1

Construction

General:
1

Location

County:
Whitehaven/Southland Mall

Lot

Zoning:
079136 00015

This listing courtesy of:
KAIZEN Realty, LLC

About Memphis, TN

Housing

Number of Units
296,697
Median Home Value
$154,311
Median Rent
$742

52.07% of housing units are renter occupied.

10.48% are vacant.

Commute

Car
82.14%
Public Transportation
1.16%
Walk to Work
1.09%
Work from Home
14.58%
Other
0.84%

The median travel time to work is 21 minutes.

People

Population
676,522
Median Age
35.70
Median Household Size
2.54

Education

High School
30.26%
Associate’s Degree
6.19%
Bachelor’s Degree
15.99%
Graduate Degree
11.09%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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