1184 SAXON AVE, Memphis, TN 38106

• 2 beds |
• 1 bath |
• 999 sqft

Property Description

Make this your first rental or add this to your existing rental portfolio! This property would be perfect for a DSCR loan and it meets the 1% rule that most investors look for. The tenant pays $1000 per month (Section 8) - $796 is paid by MHA and $204 is paid by the tenant. Tenant has been in the property three years now and wants to stay. The lease was up 7/31/2026 and the tenant is now month to month. The home was updated a few years ago and the roof is 2 years old, furnace is 5 years old. This home is located minutes from LeMoyne Owen College, Stax Museum, Midtown and Downtown. Call for more information! No seller financing offers or wholesalers. (The interior pictures in MLS were taken before the tenant moved in)

Listing Status:

Active

Date Added:

August 18, 2026

Data Last Updated:

August 25, 2026 at 12:56PM

Listing Office:

Fast Track Realty, LLC : 901-767-8770

MLS ID:

10228607

Interior

• General: Pull Down Attic StairsAttic AccessCat/Dog Free HouseSmoke Detector(s)Other (See REMARKS)
• Rooms: 5
• Master Bath: Tile Floor
• Appliances: Range/OvenOther (See REMARKS)
• Flooring: Part HardwoodTileOther (See REMARKS)
• A/C: Ceiling Fan(s)Window Unit(s)
• Heating: Central
• Fireplace: Decorative Only

Exterior

• General: Brick VeneerOther (See Remarks)Wrought Iron Security DrsPorchPatio
• Style: Traditional
• Pool: None
• Parking: Driveway/Pad

Construction

• Roofing: Composition Shingles
• General: 1Conventional

Location

• County: Central Gardens

Lot

• Zoning: 026009 00016

Utilities

• Water: Gas Water Heater
• Sewer: Gas Water Heater