$59,900

511 CAMBRIDGE AVE, Memphis, TN 38106

3 beds |
2 baths |
1,050 sqft

Single-Family Home
Built in 2007
—— sqft lot
—— car garage
$57/sqft
Listed 2 days ago

Property Description

Solid brick single-family home built in 2007, offered as a turnkey investment property in a stable Memphis rental pocket. This 3 bedroom, 2 bath home is currently tenant-occupied with a paying tenant in place at $650/month, delivering immediate cash flow from day one — no vacancy period, no lease-up risk. Ideal for the buy-and-hold investor looking to add a stabilized asset to their portfolio without interruption to rental income. Lease is m2m Newer (2007) brick construction keeps maintenance and insurance costs favorable long-term compared to older SFR stock. Tenant is current and in place; property will not be shown until an offer is accepted — sale is subject to the existing lease, and the tenant will remain in place at closing. Serious, qualified investment buyers only. No creative financing

Listing Status:: Active
Date Added:: September 22, 2026
Data Last Updated:: September 24, 2026 at 12:57PM
Listing Office:: Renshaw Company, REALTORS : 901-820-4367
MLS ID:: 10230871

Rooms: 4
Flooring: Other (See REMARKS)
A/C: Central
Heating: Central

General: Brick VeneerWrought Iron Security Drs
Style: Traditional
Pool: None
Parking: Driveway/Pad

Roofing: Composition Shingles
General: 1Slab

County: South Memphis/61 Hwy

Zoning: 025052 00005

This listing courtesy of Renshaw Company, REALTORS

Monthly Payment

$Est. Payment

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

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