$119,900

1309 SEMMES ST, Memphis, TN 38111

3 beds |
2 baths |
1,272 sqft

Single-Family Home
Built in 1951
0.25acre lot
—— car garage
$94/sqft
Listed 1 month ago

Property Description

Investor opportunity in a very strong rental market! This well maintained home, offers a 3-bedroom, 2 bath split floor plan at home offers 1,319 sq. ft. of living space on a fenced 0.25-acre lot. Features include central heat and air, newer dimensional roof, updated electrical panel with room to expand, new thermostat, central heat and air, new LED lighting throughout. Interior highlights include a spacious den, large kitchen with ample cabinets and dining area, baths with tile flooring, and updated venting. Hardwood flooring through most of the home, LVP kitchen, and tile baths. Recent upgrades provide reduced maintenance and long-term value. Currently tenant-occupied with a long-term resident, (since 2018) paying $1,1045 a month. Please note, market rents in this area for a 3BR/2BA average $1,300 to $1,500 per month. This is a very low-maintenance, income-producing property ideal for buy-and-hold investors seeking stable cash flow and future upside. Do not disturb the tenant.

Listing Status:: Active
Date Added:: November 7, 2025 at 12:00AM
Listing Office:: STIXNBRIX : 901-969-4578
MLS ID:: 10209318

General: All Window TreatmentsAttic AccessCat/Dog Free HousePull Down Attic StairsSecurity SystemSmoke Detector(s)Walk-In Closet(s)
Rooms: 7
Master Bath: Separate ShowerSmooth CeilingTile Floor
Appliances: Cable AvailableCable WiredRange/OvenRefrigerator
Flooring: Part HardwoodSmooth CeilingTextured CeilingTileVinyl/Luxury Vinyl Floor
A/C: 220 WiringCeiling Fan(s)Central
Heating: CentralGas
Fireplace: Fireplaces: 0

General: Brick VeneerStorm Window(s)Wood Window(s)Wood/CompositionWrought Iron Security Drs
Style: Traditional
Pool: None
Parking: Driveway/PadParking spaces: 0

Roofing: Composition Shingles
General: 1Conventional

HOA Amenities: 0.0
County: Pendleton/Park

Zoning: 059015 00026

Water: Gas Water HeaterPublic SewerPublic Water
Sewer: Gas Water HeaterPublic SewerPublic Water

This listing courtesy of STIXNBRIX

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Cherokee Elementary School

3061 Kimball Ave, Memphis, TN, 38114

Grades PK-5

0.15 miles away

Compass Community School Orange Mound Campus

2718 Lamar Ave, Memphis, TN, 38114

Grades KG-8

0.60 miles away

Melrose High School

2870 Deadrick Ave, Memphis, TN, 38114

Grades 9-12

0.74 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.