Primary on Main
Address
3312 University St, Memphis, TN
Price
$ 160,000
Property Attributes
  • MLS#10221477
  • TypeSingle Family
  • Listing Status Active
  • CountySHELBY
  • CityMemphis
  • AreaFrayser - East
  • NeighborhoodUNIVERSITY RD
  • Zip38127
  • StyleTraditional
  • Year Built1963
  • Taxes$ 2434
  • Price$ 160,000
  • Bedrooms3
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1985
  • Lot Size0.32 Acres
Data Source:
Memphis MLS (MAAR)
Property Description

Turnkey investment opportunity. Tenant already in place through April 2027 and rented at $1,285/month. This 3BR/2BA home with 1,985 SF was fully renovated in 2022, including new roof, updated mechanicals, and all interior finishes. Low-maintenance property ideal for an investor seeking immediate cash flow and long-term rental potential. Spacious layout, updated condition, and established tenancy make this a strong addition to a rental portfolio. Please do not disturb tenant. No showings without an accepted offer.

Price History
5/13/2026 Listed $160,000

General Features

Heating Central
Cooling Central
Roof Composition Shingles
Status Active
Full Baths 2
Legal Subdivision Name UNIVERSITY ROAD
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 727A
Parcel Number 072058 00041
Status Active
Annual City Tax 1192
Annual County Tax 1242
Sale/Rent For Sale
Area Frayser - East
Service Type Full Service Listing
Neighborhood Association None
Year Built 1963
Directions From Frayser Blvd go south on University. Property is on left.
City Memphis
DOM 127

Interior Features

Living Room Separate Living Room,Separate Dining Room,Separate Den,Eat-In Kitchen,Pantry,Washer/Dryer Connections,Vinyl/Luxury Vinyl Floor
Beds 3
Total Baths 2
Number of Rooms 6
Downstairs Bedrooms 3
FLOORS/CEILINGS Part Carpet,Vinyl/Luxury Vinyl Floor,Textured Ceiling
BEDROOM 3 DESCRIPTION Level 1,Carpet
BEDROOM 2 DESCRIPTION Level 1,Carpet

Exterior Features

Foundation Conventional
Pool None
Lot 2
Lot Size Area 0.32
Water & Sewer Gas Water Heater,Public Sewer,Public Water
Lot Size 88X159
Parking Display G2D
Lot Description Some Trees,Level,Chain Fenced
# Covered Parking Spaces 2
PARKING/STORAGE Driveway/Pad,Storage Room(s),Front-Load Garage
EXTERIOR/WINDOWS Wood/Composition,Aluminum/Steel Siding
Misc. Exterior Wrought Iron Security Drs,Porch,Storage

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
$160K
Taxes
AVG $1,048
$2,434
Year Built
AVG 1963
1963
Visits
AVG 62
112
Data Provided by Inside Real Estate®

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