Action Realty McNairy
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$145,000

2974 Waverly

Memphis, TN 38111
3Beds
1Baths
800-999Sq Ft
1925Year Built

About this property

This property is leased at $1,175 per month through 03/12/2028, with a cash-on-cash return of 6.25% and a monthly cash flow of $222.65. Fully renovated with a focus on long-term performance and minimal maintenance, this property offers strong rental appeal. Major upgrades include a new 30-year architectural roof, brand-new HVAC system with furnace, updated electrical panel and plumbing, and luxury vinyl plank and tile flooring throughout. The redesigned kitchen features new cabinets, countertops, and fixtures, while the bathroom has been completely refreshed with new tile, vanity, and fixtures. Additional improvements include new windows, interior/exterior paint, and landscaping, delivering a turnkey, income-ready asset. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE Owner/Agent

Property details

MLS #
10203706
Type
Residential
County
Shelby
Listed
2025-08-15
Map
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Listing courtesy of Foundation Property Management · 901-633-1484 · © 2026 Memphis Area Association of REALTORS®

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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.

Listing data last updated Jun 10, 2026 8:30 AM.