$414

closing credit¹

1587 Florida St Memphis, TN 38109

$34,900
3 beds
2 full
0.1 acres
House

Property details

About 1587 Florida St

Great investment opportunity at a great price!! This 3 bed 2 bath home sits just across the street from Booth park and with some TLC and your creative finishes, could make a great family home as well as rental investment. Investors are buying into the neighborhood at a high rate so get in now before the property values rise!! Example of comparable model home enclosed in photos. Cash offers only, no contract assignments, all due diligence to be done before presenting an offer. No blind offers, appraisal contingencies, or inspection contingencies - only contingency in the offer to be title. Call Broker Bay to set up a showing and listing agent with any questions. Act fast before it's gone!

Highlights

Home typeSingle Family Residence
HeatingOther
StatusActive
CoolingOther
Lot size0.12 Acres
Year built1940
ParkingOther (See REMARKS)
MLS #10186568
WaterfrontOther

Summary

  • MLS Number: 10186568
  • Office Name: Weichert, REALTORS-BenchMark

Copyright© 2025 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 is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 5:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of home's exterior with covered porch

$34,900

1587 Florida St

$414

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2021$4,250$307
2020$3,200$231
2019$3,200$0
2018$0$0

History based on county public records data.

Nearby schools

3

Memphis Scholars Florida-Kansas (ASD)

Public Charter PK-5

0.5 mi

90 W Olive Ave

3

A. B. Hill Elementary School

Public District PK-5

0.8 mi

345 E Olive Ave

2

Vision Preparatory Charter School

Public Charter KG-5

0.8 mi

260 Joubert Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $19,766. Most Memphis, TN residents have annual incomes less than $<35k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

86%
<35k
14%
35k-100k
0%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

56%
Single, No Kids
29%
Single, with Kids
10%
Married, No Kids
5%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

19%
<11 yrs old
9%
12-17 yrs old
22%
18-34 yrs old
36%
35-64 yrs old
14%
65+ yrs old

What do the neighbors do for fun?

  • UFCUFC
  • Figure SkatingFigure Skating
  • NHRA Drag RacingNHRA Drag Racing

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Big LotsBig Lots
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • Burger KingBurger King
  • Church's ChickenChurch's Chicken
  • Golden CorralGolden Corral

What do the neighbors drive?

  • BuickBuick
  • CadillacCadillac
  • KiaKia

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • JazzJazz
  • Adult StandardsAdult Standards
All data provided by Home Junction and Claritas

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Frequently asked questions

About 1587 Florida St

This home is located at 1587 Florida St in Memphis, TN and zip code 38109 in the South Memphis neighborhood. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 12, 2024 and is currently priced at $34,900.

In December 2024, from all listings sold in Memphis, TN there were more than 61 sold above asking price, over 237 sold below and more than 97 were sold right at the asked price. The number of homes for sale in Memphis, TN increased by 1.5% between November and December 2024. In December 2024, listings were on the market for 67 days. During the same period, the median list price in this real estate market was $190,593.

From Rocket Homes Real Estate and based on county public records data.

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