Address
511 Cambridge Ave, Memphis, TN
Price
$ 59,900
Property Attributes
- MLS#10230871
- TypeSingle Family
- Listing Status Active
- CountySHELBY
- CityMemphis
- AreaSouth Memphis-61 Hwy
- NeighborhoodTindall
- Zip38106
- StyleTraditional
- Year Built2007
- Taxes$ 747
- Price$ 59,900
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1050
Data Source:
Memphis MLS (MAAR)
Property Description
Solid brick single-family home built in 2007, offered as a turnkey investment property in a stable Memphis rental pocket. This 3 bedroom, 2 bath home is currently tenant-occupied with a paying tenant in place at $650/month, delivering immediate cash flow from day one — no vacancy period, no lease-up risk. Ideal for the buy-and-hold investor looking to add a stabilized asset to their portfolio without interruption to rental income. Lease is m2m Newer (2007) brick construction keeps maintenance and insurance costs favorable long-term compared to older SFR stock. Tenant is current and in place; property will not be shown until an offer is accepted — sale is subject to the existing lease, and the tenant will remain in place at closing. Serious, qualified investment buyers only. No creative financing
| Price History | |
|---|---|
| 9/22/2026 | Listed $59,900 |
General Features
| Heating | Central |
|---|---|
| Cooling | Central |
| Roof | Composition Shingles |
| Status | Active |
| Full Baths | 2 |
| Legal Subdivision Name | Tindall |
| Style | Traditional |
| Stories Count | 1 |
| County | Shelby |
| Class | Residential |
| Type | Detached Single Family |
| Condo | No |
| Area | 747. |
| Parcel Number | 025052 00005 |
| Status | Active |
| Annual City Tax | 366 |
| Annual County Tax | 381 |
| Sale/Rent | For Sale |
| Area | South Memphis/61 Hwy |
| Service Type | Full Service Listing |
| Neighborhood Association | None |
| Year Built | 2007 |
| Directions | From Downtown Memphis,take S Main St south,then turn left onto E McLemore Ave. Turn right onto S Lauderdale St,then left onto E Trigg Ave. Turn right onto Cambridge Ave and continue to 511 Cambridge |
| City | Memphis |
Interior Features
| Living Room | Separate Living Room |
|---|---|
| Beds | 3 |
| Total Baths | 2 |
| Number of Rooms | 4 |
| Downstairs Bedrooms | 3 |
| FLOORS/CEILINGS | Other (See REMARKS) |
Exterior Features
| Foundation | Slab |
|---|---|
| Pool | None |
| Lot Size | 36X140 |
| Parking Display | No |
| Lot Description | Level |
| PARKING/STORAGE | Driveway/Pad |
| EXTERIOR/WINDOWS | Brick Veneer |
| Misc. Exterior | Wrought Iron Security Drs |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 38106
Price
Taxes
Year Built
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