$2,138 Closing Credit¹
#10187081, Listing Office: Lawrence Johnson, REALTORS
$179,900 List price
994 Hale Rd Memphis, TN 38116
$2,136
Closing credit¹
3 beds
2 full
1.2 acres
House
Property details
About 994 Hale Rd
Great Investment Opportunity – Fully Renovated, Cash-Flowing Property! Don’t miss this incredible chance to own a turnkey investment property with strong cash flow potential! This beautifully renovated brick home is ready for tenants with target rent at $1,800/month and professional property management already in place, making it a perfect hands-off investment. Featuring 3 spacious bedrooms and 2 updated bathrooms, the home boasts gleaming wood floors, a modernized kitchen with updated finishes, and stylishly refreshed bathrooms. Major systems have been updated as well – including a newer HVAC, water heater, and roof – offering peace of mind for years to come. Whether you're a seasoned investor or just getting started, this property checks all the boxes.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
BasementYes
Lot size1.17 Acres
Year built1950
ParkingDriveway/Pad,Storage Room(s),Front-Load Garage
MLS #10193664
FireplacePresently Inoperative, In Den/Great Room
Summary
- Full Bathrooms: 2
- Appliances: Range, Oven, Refrigerator
- Basement: Yes
- Flooring Type: Wood Laminate Floors, 9 or more Ft. Ceiling
- Fireplace: Presently Inoperative, In Den/Great Room
- Total Bedroom Count: 3
- Parking: Driveway/Pad,Storage Room(s),Front-Load Garage
- Exterior: Wrought Iron Security Drs
- Architectural Style: Traditional, Williamsburg
- Heating: Central
- Cooling: Central Air
- List Price: $179,900
- Annual Tax Amount: $2,412
- Tax Year: 2024
- Lot: Few Trees, Level
- Directions: I-55 toward Jackson, MS.Take the US-51 S/Elvis Presley Blvd/W Brooks Rd exit, EXIT 5B, toward Graceland.Turn slight left to take the US-51 ramptoward Elvis Presley Blvd South.slight left onto Elvis Presley Blvd.Turn right onto Hale Rd. House is on right.
- Year Built: 1950
- Stories: 1
- Lot Size: 1.17 Acres
- MLS Number: 10193664
- Office Name: Real Broker
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: 5/12/2025, 10:20:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$179,900
994 Hale Rd
$2,136
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 18, 2022 | Home Sold | $169,000 |
| Jul 11, 2022 | Home Sold | $94,900 |
| Jun 13, 2022 | Home Sold | $94,900 |
| Dec 19, 2013 | Home Sold | $63,000 |
| Jul 10, 2013 | Home Sold | $63,000 |
| Feb 27, 2012 | Home Sold | $64,500 |
| Jan 09, 2012 | Home Sold | $28,500 |
| Jan 09, 2012 | Home Sold | $23,199 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $39,600 | $2,412 |
| 2023 | $39,600 | $2,412 |
| 2022 | $24,900 | $1,534 |
| 2021 | $24,900 | $1,534 |
| 2020 | $17,750 | $1,286 |
| 2019 | $17,750 | $1,286 |
| 2018 | $17,750 | $729 |
| 2017 | $17,750 | $855 |
History based on county public records data.
Nearby schools
5
Whitehaven Elementary STEM
Public Magnet PK-5
0.7 mi
•4783 Elvis Presley Blvd
3
Westhaven Elementary School
Public District PK-5
1.1 mi
•4585 Hodge Rd
3
Holmes Road Elementary School
Public District PK-5
1.5 mi
•1083 E Holmes 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 $39,645. The majority of Memphis, TN residents have income between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
42%
<35k
47%
35k-100k
9%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
44%
Single, No Kids
29%
Single, with Kids
15%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
10%
12-17 yrs old
24%
18-34 yrs old
40%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
NHRA Drag Racing
Horse Races
Where do the neighbors shop?
Burlington
Big Lots
Stein Mart
Where do the neighbors go to eat?
Church's Chicken
Golden Corral
LongHorn Steakhouse
What do the neighbors drive?
Chevrolet
Kia
Buick
What do the neighbors listen to?
Urban Adult Contemporary
Adult Standards
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 994 Hale Rd
The listing price of 994 Hale Rd property is $179,900.
The property 994 Hale Rd is a house located in Memphis, Tennessee, 38116.
Active Listing: 994 Hale Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 994 Hale Rd are: Whitehaven Elementary STEM (GreatSchools Rating 5/10), Westhaven Elementary School (GreatSchools Rating 3/10), Holmes Road Elementary School (GreatSchools Rating 3/10), Freedom Preparatory Academy Whitehaven Middle at Brownlee Ca (GreatSchools Rating 4/10), Havenview Middle School (GreatSchools Rating 3/10), J. P. Freeman Elementary/Middle (GreatSchools Rating 8/10), Whitehaven High School (GreatSchools Rating 5/10), Hillcrest High School (ASD) (GreatSchools Rating 3/10), City University School of Liberal Arts (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $2,412 (source: MLS/based on county public records data).
The last sale was on August 18, 2022 for $169,000 (source: MLS/tax record).
The property at 994 Hale Rd has 3 bedrooms and 2 bathrooms.
The year of construction for 994 Hale Rd is 1950.
This home is located at 994 Hale Rd in Memphis, TN and zip code 38116 in the Whitehaven neighborhood. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 7, 2025 and is currently priced at $179,900.
While more than 51 listings in Memphis, TN in April 2025 were sold above asking price, there were more than 116 listings sold at asking price, and more than 223 were sold below. The inventory of homes for sale in Memphis, TN between March and April 2025 increased by 13.8%.
From Rocket Homes Real Estate and based on county public records data.