Investors! Welcome to a lovely 3 Bed/1 Bath rental that is cash flowing at $850 per month! Located close to entertainment and commerce, this neighborhood is prime for growth. The current lease runs through September 2024, so don't miss this opportunity to expand your portfolio!
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1997
Stories: 1
Listing Office:
Office Name: Sowell, Realtors
Interior Features
Interior Information:
Appliances: Range, Oven
Flooring Type: Wood Laminate Floors
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 3
Exterior Features
Exterior Information:
Exterior: Storage
Parking Information:
Parking: Driveway/Pad
Lot Features
Lot Information:
Lot: Few Trees
Lot Size: 0.18 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
School Info
Assigned Schools Information:
Memphis Virtual School, Public District Grades 6-12
Other
Directions Information:
Directions: From the intersection of South Pkwy E and Hwy 61, head East on South Pkwy E to Preston St, turn right (South). After passing E Waldorf Ave, property is on the right (West) side.
Price Information
Listing Price Info
Price Summary:
List Price: $66,500
Tax Information:
Annual Amount: $539
Tax Year: 2021
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
High School
1
/10
Memphis Virtual School
3772 Jackson Ave
Distance between this listing and this school8.31 miles
Public District Grades 6-12
Nearby Schools
3
/10
A B Hill Elementary School
345 E Olive Ave
Distance between this listing and this school0.36 miles
Public District Grades PK-5
3
/10
Alton Elementary School
2020 Alton Ave
Distance between this listing and this school0.95 miles
Public District Grades PK-5
5
/10
Circles of Success Learning Academy
867 S Parkway E
Distance between this listing and this school1.02 miles
Public Charter Grades KG-5
Nearby Schools
3
/10
Riverview Middle School
241 Majuba Ave
Distance between this listing and this school1.26 miles
Public District Grades 6-8
4
/10
Cummings School
1037 Cummings St
Distance between this listing and this school1.60 miles
Public Magnet Grades PK-8
5
/10
Bellevue Middle School
575 S Bellevue Blvd
Distance between this listing and this school2.46 miles
Public Magnet Grades 6-8
Assigned Schools
1
/10
Memphis Virtual School
3772 Jackson Ave
Distance between this listing and this school8.31 miles
Public District Grades 6-12
Nearby Schools
3
/10
Dubois High of Leadership Public Policy
1880 Prospect St
Distance between this listing and this school0.95 miles
Public Charter Grades 9-12
5
/10
Hollis F. Price Middle College High School
807 Walker Ave
Distance between this listing and this school1.31 miles
The neighbors living near this home have an average income of $23,978. Most Memphis, TN residents have annual incomes less than $35k. Most families are single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1561 Preston St
What is the listing price of this property?
The listing price of 1561 Preston St property is $66,500.
What type of property is this?
The property 1561 Preston St is a house located in Memphis, Tennessee, 38106.
Is this property for sale now?
Active Listing: 1561 Preston St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1561 Preston St are: Memphis Virtual School: GreatSchools Rating 1/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $539 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 10, 2020 for $19,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1561 Preston St has 3 bedrooms and 1 bathroom.
Which year was this property built?
The year of construction for 1561 Preston St is 1997.
This home is located at 1561 Preston St in Memphis, TN and zip code 38106. This home, which was built in 1997, sits on a 0.18 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 26, 2024 and is currently priced at $66,500.
While more than 75 listings in Memphis, TN in April 2024 were sold above asking price, there were more than 122 listings sold at asking price, and more than 272 were sold below. The number of listings in Memphis, TN increased by 13.1% between March 2024 and April 2024.
From Rocket Homes Real Estate and based on county public records data.