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$70,000
$300Reward *
1561 Preston St, Memphis, TN 38106Listing ID 10221417

1561 Preston St, Memphis, TN 38106

Active
Last updated: Jul 2, 2026
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Single Family Residence
Bedrooms
Bedrooms
3
Bathrooms
Bathrooms
1
Square Feet
Square Feet
974
Cooling
Cooling
Central
Year Built
Year Built
1997

Here's a perfect opportunity to purchase a cash flowing property.Calling all investors! This income-producing 3-bedroom, 1-bath home is the perfect addition to your rental portfolio. Featuring strong cash flow potential, spacious living areas, and a functional floor plan, this property is already set up to generate consistent monthly income. Property is occupied by a tenant at $695 per mo. ***DO NOT DISTURB*** Drive by to make offers. No viewing without an Seller Accepted offer. Due Diligence performed during walkthrough once accepted. Cash offers must show a Valid Proof of Funds. Must present a Pre Approval for all Conventional Loans. ***Professional Property Management in Place***> Seller also Selling 572 Burlington Cir< ~Sorry No Wholesalers, No Creative Financing and No Hard Money Loans~

Property Information

Property Details

Location

Address
1561 Preston St
City
Memphis
Zip Code
38106

Interior Features

Beds and Baths

Bedrooms
3
Full Bathrooms
1

Building

Building Information

Square Feet
974
Year Built
1997
Zach Taylor Real Estate, (855) 261-2233

Market Report for 38106

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Memphis Area Association of REALTORS®
Memphis Area Association of REALTORS® logo

Some or all of the listings displayed may not belong to the firm whose website is being visited. 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 is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited. Copyright 2026 Memphis Area Association of Realtors.

For corrections to this data please contact Brytecore MLS Support.

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