4340 FAYETTE RD, Memphis, TN 38128

$180,000 Asking Price

Built in 1973

Rental & investment opportunity! Long term tenant is month to month operating a successful daycare. Property previously used as a dental business; could also be medical or office in a thriving commercial area of Raleigh near Stage and Austin Peay Hwy. Tenant pays all utilities, licensing, insurance lawn maintenance & interior repairs. Seller pays taxes & liability insurance. Property is in good condition with recent improvements: architectural roof replaced 2018; HVAC replaced 2021; water heater 2024; fresh exterior paint 2024. Interior features include 2 large bathrooms, open interior could create 4-6 office spaces, plus additional space to create a kitchenette. Currently there are 4 parking spaces on this corner lot with the potential for additional parking spaces. Call for additional details or to answer any questions.

Features & Amenities

Interior

Rooms:
4
Flooring:
Tile
A/C:
Central
Heating:
Central,Gas
Fireplace:
Fireplaces: 0

Exterior

General:
Brick Veneer,Wood/Composition, Porch,Wood Fence,Sidewalks
Style:
Soft Contemporary
Pool:
None
Parking:
Parking Lot, Parking spaces: 0

Construction

Roofing:
Composition Shingles
General:
1, Slab

Location

County:
Covington Pike - South

Lot

Zoning:
088005 00005

Utilities

Water:
Electric Water Heater,Public Water,Public Sewer
Sewer:
Electric Water Heater,Public Water,Public Sewer

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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