4340 FAYETTE RD Active Save Request In-Person Tour Request Virtual Tour
Memphis,TN 38128
Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1200-1399
Square Footage 1,399 sqft
Price per Sqft $121
Subdivision Raleigh
MLS Listing ID 10182279
Style Soft Contemporary
Half Baths 2
Year Built 1973
Annual Tax Amount $1,998
Lot Size 6,534 Sqft
Property Description
Rental opportunity! Only the building is for sale. 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.
Location
State TN
County Shelby
Area Covington Pike - South
Rooms
Dining Room 0x0
Kitchen Other (See Remarks)
Interior
Heating Central,Gas
Cooling Central
Flooring Tile
Exterior
Exterior Feature Brick Veneer,Wood/Composition
Garage Parking Lot
Pool None
Roof Type Composition Shingles
Building
Lot Description Corner,Level,Wood Fenced
Story 1
Foundation Slab
Sewer Public Sewer
Water Electric Water Heater,Public Water