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3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
SEE ALL PHOTOS
3520 FAXON AVE
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3520 FAXON AVE
3520 FAXON AVE
3520 FAXON AVE
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3520 FAXON AVE
Sold

3520 FAXON AVE

3520 FAXON AVE, Memphis, TN 38122

$245,000
High-yield triplex on a rare ~ 1/2 acre lot on the West edge of Berclair with development potential! This income-producing property offers strong in-place cash flow with immediate upside. Current rents total $2,975/month with room to increase to $3,200+, & additional NOI available through utility billback. Flexible month-to-month leases allow for quick repositioning or owner occupant. 2BR/2BA down unit with central HVAC, 1BR/1BA up unit, & a renovated 2BR/1BA guest house,+ garage & storage. Main house could convert to single family. Recent improvements include exterior paint, double pain windows, roof on rear unit, & interior paint & updates. All units have their own laundry & all appliances are included. Zoned 3-4 family with lots of land to expand & park--rare opportunity for added value. Ideal for investors seeking solid returns today with clear path to ~11% cap. Sqft does not include guest house. Opportunities like this are getting harder to find! Do not disturb tenants. Owner agent.

3
beds

Jordan U. Schieffler

Jordan U. Schieffler

Features & Amenities

Interior

  • total bedrooms3
  • Laundry room Dryer in Unit, Washer in Unit
  • APPLIANCES Refrigerator, Range/Oven (Freestanding), Disposal, Dishwasher, Exhaust Fan/Vent Hood
  • other interior Features Hardwood Throughout, Tile, Wood Laminate Floors, 9 Ft or More

Area & Lot

  • Status Sold
  • MLS® ID10219499
  • TypeMulti-Family
  • YEAR BUILT1920
  • NeighborhoodEast Memphis
  • Middle School3-4
  • School DistrictAutoFill (MAARdata) or Public Records (Cnty Assessor Site)

Exterior

  • STORIES2
  • roofShingle/Shake
  • parkingGravel, Offsite/Street, Detached
  • HEAT TYPECentral, Wall Heat, Other (See Remarks)
  • AIR CONDITIONINGCentral, 2 Window Units per Unit
  • SubstructureSlab, Conventional/Crawl Space, Partial Basement

Financial

  • Sales Price$245,000
  • Zoning 3-4

Work with Shelly

I take pride in guiding every client through the process with honesty, expertise, and a personal touch. From your first consultation to closing day, I'm here to make your experience smooth, informed, and stress-free.

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