Action Realty McNairy
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$125,000

3276 Ashland

Memphis, TN 38127
3Beds
1Baths
1954Year Built

About this property

This property is leased at $1,050 per month through 06/30/2027, with a cash-on-cash return of 5.06% and a monthly cash flow of $159.21. Fully renovated investment property designed for durability and strong rental performance. Key upgrades include a brand-new HVAC system with updated plenum and ductwork, a new water heater, and full flooring replacement with subfloor repairs where needed. Interior improvements feature fresh paint touch-ups, repaired drywall, updated kitchen cabinetry, and a new bathroom vanity and top. Exterior enhancements include driveway crack repairs, porch/stair painting, repaired woodwork, and updated lighting fixtures. Additional work includes crawl space leak repair, plumbing checks, insulation improvements, and safety installations for long-term peace of mind. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE Owner/Agent

Property details

MLS #
10223059
Type
Residential
County
Shelby
Listed
2026-06-03
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.