#10197763, Listing office: eXp Realty, LLC
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! TENANTED PROPERTY: DO NOT APPROACH OR DISTURB TENANTS, NO SHOWINGS WITHOUT AN ACCEPTED OFFER. Currently leased at $975/month through 10/31/2025.
Highlights
Home typeTownhouse
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.06 Acres
Year built1985
ParkingDriveway/Pad
MLS #10185618
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Flooring Type: Part Carpet
- Total Bedroom Count: 2
- Parking: Driveway/Pad
- Exterior: Porch
- Architectural Style: Traditional
- Heating: Central
- Cooling: Central Air
- List Price: $115,000
- Annual Tax Amount: $904
- Tax Year: 2024
- Lot: Level
- Directions: Continue to Macon Rd 13 sec (69 ft) ? Take N Germantown Pkwy, Walnut Grove Rd, I-240 W and S Mendenhall Rd to Heather Ridge Dr 24 min (14.3 mi) ? Continue on Heather Ridge Dr. Drive to Wax Myrtle Dr 1 min (0.3 mi)
- Year Built: 1985
- Stories: 2
- Lot Size: 0.06 Acres
- MLS Number: 10185618
- Office Name: Foundation Property Management
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/1/2025, 12:55:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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. The most common type of family is single, with kids. The most common level of education of people living 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
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Frequently asked questions
Living in Memphis, TN
Memphis features a comprehensive transport infrastructure that includes a public transit system serving residents and visitors alike. The city's layout and road network facilitate easy commuting by car, with major highways connecting Memphis to surrounding areas. While certain neighborhoods are known for their walkability, the city as a whole is continuously working to improve pedestrian and bike paths to enhance accessibility and encourage eco-friendly modes of transport.
The community benefits from a well-rounded selection of services, including a network of public and private schools that cater to educational needs at all levels. Healthcare facilities are distributed throughout the city, offering a range of services from routine care to specialized treatments. Public libraries serve as valuable resources for residents, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and unique boutiques.
Memphis is celebrated for its vibrant music scene and rich cultural heritage, which are integral to the city's character. The community prides itself on being the home of blues, soul, and rock 'n' roll, with landmarks such as Beale Street and the annual Memphis in May festival highlighting its musical legacy. The city's character is further defined by its friendly residents and a sense of small-town camaraderie amidst its urban setting.
Memphis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from charming historic bungalows to sleek contemporary new builds. The housing landscape is varied, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the homeownership rate is robust, there is also a healthy rental market that provides options for those not looking to buy.
About 3725 Wax Myrtle Dr
The listing price of 3725 Wax Myrtle Dr property is $115,000.
The property 3725 Wax Myrtle Dr is a townhouse located in Memphis, Tennessee, 38115.
Active Listing: 3725 Wax Myrtle Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3725 Wax Myrtle Dr are: Newberry Elementary School (GreatSchools Rating 6/10), Power Center Academy Elementary School (GreatSchools Rating 5/10), Hickory Ridge Elementary School (GreatSchools Rating 7/10), Power Center Academy Middle School (GreatSchools Rating 4/10), Compass Community School Hickory Hill Campus (GreatSchools Rating 5/10), Wooddale Middle School (ASD) (GreatSchools Rating 3/10), Power Center Academy High School (GreatSchools Rating 3/10), Wooddale High School (GreatSchools Rating 2/10), Memphis School of Excellence (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $904 (source: MLS/based on county public records data).
The last sale was on December 3, 2021 for $115,000 (source: MLS/tax record).
The property at 3725 Wax Myrtle Dr has 2 bedrooms and 1 full and 1 half bathrooms.
The year of construction for 3725 Wax Myrtle Dr is 1985.
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 June 2025, from all listings sold in Memphis, TN there were more than 73 sold above asking price, over 219 sold below and more than 107 were sold right at the asked price. The number of homes for sale in Memphis, TN increased by 11.9% between May and June 2025. In June 2025 median list price was $224,900 and the average listing age was 35 days.
From Rocket Homes Real Estate and based on county public records data.