About This Home

This 3-bedroom, 1-bathroom single family at 4575 SPRING GLEN Dr in Memphis, TN is listed for $79,900 ($88 per sqft). Built in 1972, the home offers 903 sqft of living space on a 0.09 acres lot.

Key Features

  • Built in 1972
  • 0.09 acre lot

Property Details

1 story
1 full
1-car garage
1972

Amenities

A/C
Listing Description

Investors, you won't want to miss this opportunity! Well maintained property with built in value; currently priced to exceed than the 1% rule! Tenant-occupied. Do not disturb. Showings by appointment only with accepted offer and proof of funds. Professionally managed cash-flowing 3BD/1BA brick home in a quiet Memphis cove generating $835/month with a month-to-month tenant in place.

Current estimated market rent $950 per month. Near Austin Peay Hwy with easy access to Raleigh Springs shopping, dining, and I-40/I-240 - attractive to a large renter pool. Lower maintenance brick exterior. Recent updates include new carpet and exterior paint. Property to be sold in AS-IS condition. Photos reflect pre-tenancy condition. Property is currently tenant-occupied.

Monthly Cost Estimate

$427/mo

20% down · 6.5% · 30 years

Principal$58
Interest$346
Insurance$23

Estimates only. Actual payments may vary.

Location

4575 SPRING GLEN Dr

Memphis, TN 38128

SPRING VALLEY BLK B

Features & Amenities

Exterior Features

Wrought Iron Security DrsPorch

Property Details

Flooring

TileCarpet

Outdoor Features

Porch

Parking

Driveway

Heating

Central

Cooling

Central Air

Questions & Answers

This 3-bedroom, 1-bathroom single family at 4575 SPRING GLEN Dr is listed at $79,900 ($88/sqft). The estimated monthly payment is $427 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1972, 0.09 acre lot. Exterior Features: Wrought Iron Security Drs, Porch.

This property is listed by Aaron Ivey.

AI

Aaron Ivey

Agent at Memphis Real Estate Advisors, brokered by eXp Realty, LLC

Listed by Memphis Real Estate Advisors, brokered by eXp Realty, LLC · Broker phone: (901) 461-0905 · View on Broker Site · Broker website

MLS# 10224142· Source: Memphis Area Association of Realtors®· 131 days on PropertySimple

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4575 SPRING GLEN Dr, Memphis, TN 38128

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