Turnkey Investment Opportunity – Tenant in Place
We are MidSouth Home Buyers, a professional property management company serving the Memphis, Dallas, and Little Rock markets. This property is being offered as a turnkey investment with a tenant already in place, currently paying $1,100 per month.
The asking price reflects the understanding that MidSouth Home Buyers will continue managing the property after closing, providing the new owner with a truly hands-off investment experience. Our experienced management team will continue handling rent collection, maintenance coordination, tenant communication, and day-to-day property management so you can begin generating passive rental income from day one.
You can email me at jacobhorn@midsouthbestrentals.com or call/text me at 901-563-4485.
For sale by owner
$127,500
4787 Southaven Rd, Memphis, TN 38109
3beds
1baths
900sqft
SingleFamily
Built in 1955
0.34 Acres Lot
$114,600 Zestimate®
$142/sqft
$-- HOA
Overview
What the owner loves about this home
Turnkey Investment Opportunity with Extensive Renovations and Major System Updates! This beautifully renovated property offers investors the opportunity to acquire a low-maintenance home with extensive improvements throughout. The exterior features fresh Sherwin-Williams paint, new shutters, flower boxes, landscaping with mulch and evergreens, a paved driveway, and a brand-new Owens Corning 30-year roof. Inside, the home has been refreshed from top to bottom with all-new interior paint, high-traffic stain-resistant carpet and pad, new window treatments, updated lighting, electrical outlets, switches and plates, oil-rubbed bronze door hardware, and Hampton Bay ceiling fans. The kitchen has been completely updated with brand-new CamLock cabinetry, new countertops, a black dishwasher, and a new deep double-bowl stainless-steel sink and faucet. The bathroom features a new bathtub, ceramic tile tub surround, vanity, medicine cabinet/mirror, fixtures, vent fan, Eljer Green Flush toilet, and oil-rubbed bronze accessories. Major mechanical and infrastructure improvements include a brand-new HVAC system with new furnace, A-coil and condenser, new Bradford White water heater, new electrical panel, updated electrical and plumbing, and new laundry hookups. Additional upgrades include aluminum windows, a concrete slab foundation, dedicated laundry area, new Kwikset Powerbolt2 keyless entry, and new kitchen and bathroom flooring. With extensive renovations already completed and major systems updated, this property is positioned as an attractive turnkey investment with reduced near-term capital expenditure needs—an excellent addition to any rental portfolio.
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Listed by:
Property Owner (901) 563-4485
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
Heating
- Other
Cooling
- Central
Features
- Basement: None
- Has fireplace: Yes
Interior area
- Total interior livable area: 900 sqft
Property
Parking
- Parking features: Garage - Detached
Features
- Exterior features: Brick
Lot
- Size: 0.34 Acres
Details
- Parcel number: 07517400005
Construction
Type & style
- Home type: SingleFamily
Materials
- masonry
- Roof: Composition
Condition
- New construction: No
- Year built: 1955
Community & HOA
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $142/sqft
- Tax assessed value: $58,700
- Annual tax amount: $773
- Date on market: 9/2/2026
Estimated market value
$114,600
$102,000 - $126,000
$1,155/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Listed for sale | $127,500+112.5%$142/sqft |
Source: Owner Report a problem | ||
| 3/19/2026 | Listing removed | $1,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/9/2026 | Listed for rent | $1,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/23/2025 | Sold | $60,000+793.3%$67/sqft |
Source: Public Record Report a problem | ||
| 5/1/2009 | Sold | $6,717-87.1%$7/sqft |
Source: Public Record Report a problem | ||
| 1/2/2003 | Sold | $52,000$58/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $773 +42.4% | $14,675 +77.9% |
| 2024 | $543 +8.1% | $8,250 |
| 2023 | $503 | $8,250 |
| 2022 | -- | $8,250 |
| 2021 | -- | $8,250 -4.1% |
| 2020 | $275 | $8,600 |
| 2019 | $275 -21.1% | $8,600 |
| 2018 | $348 -45.1% | $8,600 |
| 2017 | $635 +113.4% | $8,600 -1.7% |
| 2016 | $298 -17.3% | $8,750 |
| 2014 | $360 | $8,750 |
| 2013 | -- | $8,750 -22.4% |
| 2012 | -- | $11,275 |
| 2011 | -- | $11,275 |
| 2010 | -- | $11,275 |
| 2009 | -- | $11,275 -18.7% |
| 2008 | -- | $13,875 |
| 2007 | -- | $13,875 |
| 2006 | -- | $13,875 |
| 2005 | -- | $13,875 +16.4% |
| 2004 | -- | $11,925 |
| 2003 | -- | $11,925 |
| 2002 | -- | $11,925 |
| 2001 | -- | $11,925 +40.7% |
| 2000 | -- | $8,475 |
Find assessor info on the county website
Monthly payment
Est. payment



