Great rental property for sale! BUILDING is for sale: NOT available for a new tenant! Currently, a long-term tenant is paying $1500 per month and is month to month operating a successful daycare. The property was previously used as a dental business; could also be a medical or office in a thriving commercial area of Raleigh near Stage and Austin Peay Hwy. The tenant pays all utilities, licensing, insurance, lawn maintenance & interior repairs. The owner pays taxes & liability insurance. The property is in good condition with recent improvements: the architectural roof was replaced 2018; HVAC was replaced 2021; the water heater in 2024; fresh exterior paint in 2024. Interior features include 2 large half bathrooms, with an open interior that could create 4-6 office spaces, plus additional space to create a kitchenette. Currently, there are 4 parking spaces on this corner lot with the potential for additional parking spaces. Call for details or to answer any questions.
Sold for $155,000 on 01/17/25
$155,000
4340 Fayette Rd, Memphis, TN 38128
0beds
1,300sqft
Single Family Residence
Built in 1973
6,534 Square Feet Lot
$150,100 Zestimate®
$119/sqft
$1,209 Estimated rent
Home value
$150,100
$140,000 - $161,000
$1,209/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 21, 2025 at 02:21pm
Listed by:
Cheryl M Brogdon,
KAIZEN Realty, LLC
Bought with:
Lisa L Nelson
901, REALTORS
Source: MAAR,MLS#: 10182279
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 2
- 1/2 bathrooms: 2
Primary bedroom
- Dimensions: 0 x 0
Dining room
- Dimensions: 0 x 0
Living room
- Dimensions: 0 x 0
Office
- Features: Private Half Bath, Tile Floor
- Level: First
Den
- Dimensions: 0 x 0
Heating
- Central, Natural Gas
Cooling
- Central Air
Appliances
- Included: Electric Water Heater
Features
- Half Bath Down
- Flooring: Tile
- Has fireplace: No
Interior area
- Total interior livable area: 1,300 sqft
Property
Parking
- Parking features: Parking Lot
Features
- Stories: 1
- Patio & porch: Porch
- Exterior features: Sidewalks
- Pool features: None
- Fencing: Wood,Wood Fence
Lot
- Size: 6,534 sqft
- Dimensions: 70 x 98
- Features: Level, Corner Lot
Details
- Parcel number: 088005 00005
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Soft Contemporary
- Property subtype: Single Family Residence
Materials
- Brick Veneer, Wood/Composition
- Foundation: Slab
- Roof: Composition Shingles
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s), Dead Bolt Lock(s)
Location
- Region: Memphis
- Subdivision: Raleigh
Other
Other facts
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 1/17/2025 | Sold | $155,000-8.8%$119/sqft |
Source:  MAAR #10182279 Report a problem | ||
| 11/2/2024 | Price change | $170,000-5.6%$131/sqft |
Source: MAAR #10182279 Report a problem | ||
| 9/30/2024 | Listed for sale | $180,000$138/sqft |
Source: MAAR #10182279 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Raleigh
Nearby schools
GreatSchools rating
- 6/10Jackson Elementary SchoolGrades: PK-5Distance: 1.5 mi
- 6/10Craigmont Middle SchoolGrades: 6-8Distance: 1.7 mi
- 3/10Craigmont High SchoolGrades: 9-12Distance: 1.5 mi
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