Address
511 Cambridge Ave, Memphis, TN
Price
$ 59,900
Property Attributes
- MLS#10230871
- TypeSingle Family
- Listing Status Active
- CountySHELBY
- CityMemphis
- AreaSouth Memphis-61 Hwy
- NeighborhoodTindall
- Zip38106
- StyleTraditional
- Year Built2007
- Taxes$ 747
- Price$ 59,900
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1050
Data Source:
Memphis MLS (MAAR)
Property Description
Solid brick single-family home built in 2007, offered as a turnkey investment property in a stable Memphis rental pocket. This 3 bedroom, 2 bath home is currently tenant-occupied with a paying tenant in place at $650/month, delivering immediate cash flow from day one — no vacancy period, no lease-up risk. Ideal for the buy-and-hold investor looking to add a stabilized asset to their portfolio without interruption to rental income. Lease is m2m Newer (2007) brick construction keeps maintenance and insurance costs favorable long-term compared to older SFR stock. Tenant is current and in place; property will not be shown until an offer is accepted — sale is subject to the existing lease, and the tenant will remain in place at closing. Serious, qualified investment buyers only. No creative financing
| Price History | |
|---|---|
| 9/22/2026 | Listed $59,900 |
General Features
| Heating | Central |
|---|---|
| Cooling | Central |
| Roof | Composition Shingles |
| Status | Active |
| Full Baths | 2 |
| Legal Subdivision Name | Tindall |
| Style | Traditional |
| Stories Count | 1 |
| County | Shelby |
| Class | Residential |
| Type | Detached Single Family |
| Condo | No |
| Area | 747. |
| Parcel Number | 025052 00005 |
| Status | Active |
| Annual City Tax | 366 |
| Annual County Tax | 381 |
| Sale/Rent | For Sale |
| Area | South Memphis/61 Hwy |
| Service Type | Full Service Listing |
| Neighborhood Association | None |
| Year Built | 2007 |
| Directions | From Downtown Memphis,take S Main St south,then turn left onto E McLemore Ave. Turn right onto S Lauderdale St,then left onto E Trigg Ave. Turn right onto Cambridge Ave and continue to 511 Cambridge |
| City | Memphis |
| DOM | 2 |
Interior Features
| Living Room | Separate Living Room |
|---|---|
| Beds | 3 |
| Total Baths | 2 |
| Number of Rooms | 4 |
| Downstairs Bedrooms | 3 |
| FLOORS/CEILINGS | Other (See REMARKS) |
Exterior Features
| Foundation | Slab |
|---|---|
| Pool | None |
| Lot Size | 36X140 |
| Parking Display | No |
| Lot Description | Level |
| PARKING/STORAGE | Driveway/Pad |
| EXTERIOR/WINDOWS | Brick Veneer |
| Misc. Exterior | Wrought Iron Security Drs |
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 38106
Price
Taxes
Year Built
Visits
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of RealTracs Solutions as distributed by MLS Grid. Real estate listings held by brokerage firms other than EXIT Realty Blues City are marked with the Internet Data Exchange Program logo or thumbnail logo and detailed information about them includes the name of the listing brokers.
Copyright © 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but not guaranteed. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Listing information provided courtesy of the Central West Tennessee Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.
Updated: September 28, 2026 6:37 AM UTC
