Address
3920 Schoolfield Rd, Memphis, TN
Price
$ 99,000
Property Attributes
  • MLS#10227883
  • TypeSingle Family
  • Listing Status Active
  • CountySHELBY
  • CityMemphis
  • AreaFrayser - North
  • NeighborhoodSCHOOLFIELD ST ELMO
  • Zip38127
  • StyleTraditional
  • Year Built1972
  • Taxes$ 1273
  • Price$ 99,000
  • Bedrooms3
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1430
  • Lot Size0.18 Acres
Data Source:
Memphis MLS (MAAR)
Property Description

Attention investors! Add immediate rental income to your portfolio with this tenant-occupied 3-bedroom, 1-bath investment property. Currently leased at $1,100 per month through the Housing Choice Voucher Program (Section 8), this home offers an opportunity to acquire an income-producing asset with an existing tenant in place. Lease and program documentation available for review. Please make all offers contingent upon inspection. Tenant occupied—do not approach the property or disturb the tenant. No showings without an accepted offer.

Price History
8/7/2026 Listed $99,000

General Features

Heating Other (See REMARKS)
Cooling Other (See REMARKS)
Status Active
Full Baths 1
Legal Subdivision Name SCHOOLFIELD ST ELMO
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 725F
Parcel Number 072123 00034
Status Active
Annual City Tax 623
Annual County Tax 650
Sale/Rent For Sale
Area Frayser - North
Service Type Full Service Listing
Neighborhood Association None
Year Built 1972
Directions From Rangeline Rd.,left on St. Elmo Ave.,right on Schoolfield Rd.,home is on the left.
City Memphis
DOM 41

Interior Features

Living Room Pantry
Beds 3
Total Baths 1
Number of Rooms 5
FLOORS/CEILINGS Part Carpet

Exterior Features

Pool None
Lot 119
Lot Size Area 0.18
Lot Size 60X125
Parking Display No
Lot Description Level
PARKING/STORAGE Driveway/Pad
EXTERIOR/WINDOWS Wood/Composition
Misc. Exterior Porch,Patio

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 38127

Price
AVG $110K
$100K
Taxes
AVG $1,046
$1,273
Year Built
AVG 1963
1972
Visits
AVG 63
31
Data Provided by Inside Real Estate®