3816 ALLANDALE LN, Memphis, TN 38111

• 2 beds |
• 1 bath |
• 1,241 sqft

Property Description

This well-maintained 2-bedroom, 1-bath property is a fantastic investment opportunity, featuring a reliable, long-term tenant who has called it home for over 10 years. The tenant is in good standing and currently pays $875 per month, offering immediate, consistent income from day one. Even better, the rent is below market value, presenting clear potential for future increases and improved returns. Ideally located with convenient access to shopping, dining, and I-240, this property combines stability with upside potential. Whether you’re looking to expand your investment portfolio or take your first step into real estate investing, this is a smart, income-producing opportunity you won’t want to miss. Please do not disturb the tenant. This is a tenant-occupied property, and all tenant rights apply.

Listing Status:

Active

Date Added:

May 7, 2026

Data Last Updated:

May 9, 2026 at 9:10PM

Listing Office:

Crye-Leike, Inc., REALTORS : 901-372-3690

MLS ID:

10220996

Interior

• Rooms: 5
• Flooring: Other (See REMARKS)Part CarpetPart Hardwood
• A/C: CentralOther (See REMARKS)
• Heating: CentralOther (See REMARKS)

Exterior

• General: Other (See Remarks)PorchOther (See REMARKS)
• Style: Traditional
• Pool: None
• Parking: Driveway/PadOther (See REMARKS)Parking spaces: 1

Construction

• General: 1

Location

• County: Getwell/Park

Lot

• Zoning: 058062 00014