Investor Special! This tenant-occupied 3-bedroom, 1-bath home is a great addition to any rental portfolio. Currently leased at $895/month with tenants in place, this property offers immediate income potential from day one. Home features a functional floor plan with spacious living areas and solid rental appeal. Conveniently located with easy access to major roads, schools, and local amenities. Long-term tenant in place since 4/5/2020. Current lease ends 4/30/2026.
Sold for $65,000
$65,000
987 Floyd Ave, Memphis, TN 38127
3beds
845sqft
Single Family Residence
Built in 1952
0.32 Acres Lot
$-- Zestimate®
$77/sqft
$1,067 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,067/mo
Zestimate® history
Owner options
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$1,067/mo
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$327/mo
Est. payment
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$327/mo
Est. payment
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List your homeWhat's special
Functional floor plan
Zillow last checked:
Listing updated:
Listed by:
Donnie K Morrow,
eXp Realty, LLC,
Timishia D Ortiz,
eXp Realty, LLC
Bought with:
Timishia D Ortiz
eXp Realty, LLC
Source: MAAR,MLS#: 10214984
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Living room
- Features: Separate Living Room
Heating
- Central
Cooling
- Central Air
Features
- All Bedrooms Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Part Carpet, Tile
- Doors: Storm Door(s)
- Has fireplace: No
Interior area
- Total interior livable area: 845 sqft
Property
Parking
- Parking features: Driveway/Pad
- Has uncovered spaces: Yes
Features
- Stories: 1
- Pool features: None
Lot
- Size: 0.32 Acres
- Dimensions: 70 x 200
- Features: Level
Details
- Parcel number: 069040 00005
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Brick Veneer
Condition
- New construction: No
- Year built: 1952
Community & neighborhood
Security
- Security features: Wrought Iron Security Drs
Location
- Region: Memphis
- Subdivision: Patricia Heights Sec F Blk 6
Other
Other facts
- Price range: $65K - $65K
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Sold | $65,000-31.6%$77/sqft |
Source:  MAAR #10214984 Report a problem | ||
| 4/24/2026 | Pending sale | $95,000$112/sqft |
Source: MAAR #10214984 Report a problem | ||
| 2/19/2026 | Listed for sale | $95,000+66.7%$112/sqft |
Source: MAAR #10214984 Report a problem | ||
| 4/4/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 3/24/2022 | Listed for rent | $895+35.6%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 1/18/2018 | Listing removed | $660$1/sqft |
Source: Mid South Best Rentals Report a problem | ||
| 1/9/2018 | Sold | $57,000+375%$67/sqft |
Source: Public Record Report a problem | ||
| 12/29/2017 | Listed for rent | $660$1/sqft |
Source: Mid South Best Rentals Report a problem | ||
| 10/9/2017 | Sold | $12,000+242.9%$14/sqft |
Source: Public Record Report a problem | ||
| 7/28/2017 | Sold | $3,500-56.3%$4/sqft |
Source: Public Record Report a problem | ||
| 7/31/2009 | Sold | $8,000-48.4%$9/sqft |
Source: Public Record Report a problem | ||
| 4/16/2009 | Sold | $15,514-31%$18/sqft |
Source: Public Record Report a problem | ||
| 8/24/1999 | Sold | $22,500+13.5%$27/sqft |
Source: Public Record Report a problem | ||
| 5/28/1999 | Sold | $19,817-25.2%$23/sqft |
Source: Public Record Report a problem | ||
| 9/18/1996 | Sold | $26,500$31/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,120 -18.9% | $21,250 +1.3% |
| 2024 | $1,381 +8.1% | $20,975 |
| 2023 | $1,278 | $20,975 |
| 2022 | -- | $20,975 |
| 2021 | -- | $20,975 +53.7% |
| 2020 | $436 | $13,650 |
| 2019 | $436 +135.4% | $13,650 +198.4% |
| 2018 | $185 -45.1% | $4,575 |
| 2017 | $338 +17.5% | $4,575 |
| 2016 | $287 +24.7% | -- |
| 2014 | $230 | $6,575 |
| 2013 | -- | $6,575 -9% |
| 2012 | -- | $7,225 |
| 2011 | -- | $7,225 -18.6% |
| 2010 | -- | $8,875 |
| 2009 | -- | $8,875 -27% |
| 2008 | -- | $12,150 |
| 2007 | -- | $12,150 |
| 2006 | -- | $12,150 |
| 2005 | -- | $12,150 +50% |
| 2004 | -- | $8,100 |
| 2003 | -- | $8,100 |
| 2002 | -- | $8,100 |
| 2001 | -- | $8,100 -19.2% |
| 2000 | -- | $10,025 |
Find assessor info on the county website
Neighborhood: Shelby Forest-Frayser
Nearby schools
GreatSchools rating
- 4/10Westside Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 4/10Grandview Heights MiddleGrades: 6-8Distance: 2.7 mi
- 3/10Trezevant High SchoolGrades: 9-12Distance: 3 mi
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