$1,366 Closing Credit¹
#10189877, Listing Office: Real Estate Agency
$115,000 List price
3725 Wax Myrtle Dr Memphis, TN 38115
$1,366
Closing credit¹
2 beds
1 full, 1 partial
0.06 acres
Townhouse
Property details
About 3725 Wax Myrtle Dr
Investor Opportunity – 3725 Wax Myrtle Dr., Memphis, TN This 2-bedroom, 1.1-bath condo is a fantastic addition to any investment portfolio, offering instant cash flow with a tenant already in place. Leased through 10/31/2025 at $975/month, this property provides steady income from day one. The well-maintained interior features a spacious living and dining area, a functional kitchen with ample cabinet space, and two generously sized bedrooms. A full bathroom upstairs and a convenient half-bath downstairs cater to tenant comfort. Outside, the private patio offers a relaxing outdoor space. Located in a desirable Memphis neighborhood near shopping, dining, and major highways, this property is perfect for investors looking to expand their portfolio with minimal hassle. Don’t miss this opportunity—schedule your viewing today!
Highlights
Home typeTownhouse
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.06 Acres
Year built1985
ParkingDriveway/Pad
MLS #10185618
Summary
- MLS Number: 10185618
- Office Name: Foundation Property Management
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: 3/13/2025, 4:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$115,000
3725 Wax Myrtle Dr
$1,366
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 03, 2021 | Home Sold | $115,000 |
| Sep 07, 2021 | Home Sold | $50,000 |
| Apr 22, 2002 | Home Sold | $35,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $14,850 | $904 |
| 2023 | $14,850 | $904 |
| 2022 | $14,850 | $915 |
| 2021 | $14,850 | $915 |
| 2020 | $12,975 | $940 |
| 2019 | $12,975 | $940 |
| 2018 | $12,975 | $533 |
| 2017 | $12,975 | $546 |
History based on county public records data.
Nearby schools
6
Newberry Elementary School
Public District PK-5
0.5 mi
•5540 Newberry Ave
5
Power Center Academy Elementary School
Public Charter KG-5
0.5 mi
•3540 S Mendenhall Rd
7
Hickory Ridge Elementary School
Public District PK-5
0.8 mi
•3890 Hickory Hill Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,563. Typical income of Memphis, TN residents is between $35k-100k annually. Typical family type is single, with kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
44%
<35k
52%
35k-100k
3%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Doctorate
What types of families live nearby?
28%
Single, No Kids
44%
Single, with Kids
9%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
27%
<11 yrs old
12%
12-17 yrs old
30%
18-34 yrs old
28%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Soccer
Pro Wrestling
Where do the neighbors shop?
Burlington
Forever 21
Ross Dress For Less
Where do the neighbors go to eat?
Popeyes
Dominos Pizza
Cicis Pizza
What do the neighbors drive?
Dodge
Mazda
Pontiac
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Contemporary Inspirational
All data provided by Home Junction and Claritas
Similar homes for sale
$1,068 Closing Credit¹
#10184099, Listing Office: KAIZEN Realty, LLC
$1,378 Closing Credit¹
#10189370, Listing Office: Reliable Realty & Property Mgt
$1,436 Closing Credit¹
#10190126, Listing Office: Fast Track Realty, LLC
$950 Closing Credit¹
#10184087, Listing Office: Foundation Property Management
$1,068 Closing Credit¹
#10184100, Listing Office: KAIZEN Realty, LLC
$713 Closing Credit¹
#10189259, Listing Office: eXp Realty, LLC
$742 Closing Credit¹
#10189832, Listing Office: Crye-Leike, Inc., REALTORS
$2,375 Closing Credit¹
#10191266, Listing Office: TRG Real Estate Services, LLC
$428 Closing Credit¹
#10176899, Listing Office: Keller Williams
Frequently asked questions
Living in Memphis, TN
About 3725 Wax Myrtle Dr
This home is located at 3725 Wax Myrtle Dr in Memphis, TN and zip code 38115. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $115,000.
In February 2025 more than 57 listings in Memphis, TN were sold above the asking price. During the same period more than 73 listings were sold at asking price, while more than 205 were sold below. The number of listings in Memphis, TN increased by 13.5% between January and February 2025. In February 2025, listings were on the market for 67 days. During the same period, the median list price in this real estate market was $185,000.
From Rocket Homes Real Estate and based on county public records data.