Amazing opportunity! Updated inside and out; easy to maintain home offers functional floor plan, established neighborhood, and affordable price point make this property excellent for a first-time homebuyer looking to build equity or an investor seeking to add an income-producing property to their portfolio. With three bedrooms and two full baths, the home offers a layout that can appeal to a broad range of tenants and buyers. The spacious lot provides room to enjoy the outdoors. Conveniently located in Memphis with access to major roadways, shopping, dining, schools, and everyday amenities. Professional property management is in place. Tenant occupied at $1,095/month; lease is month-to-month. Showings/inspections/rent rolls upon accepted offer only. Do not disturb tenant. Photos were taken prior to tenant move-in *
Hawkins Mill Residents Associtaion, located between Hawkins Mill Road and Austin Peay Highway, is a residential and suburban Memphis neighborhood with wooded blocks and a lake-and-greenway backdrop. The neighborhood’s character concentrates around the Hawkins Mill Rd & Austin Peay Hwy junction, where auto shops, casual takeout counters, and everyday retail set a practical, on-the-go rhythm. Nearby, Shelby Farms Park, the Shelby Farms Greenline, and the Agricenter International act as recognizable anchors for outdoor time and local events. Housing trends toward mid-century ranches and later brick builds with generous setbacks and mature trees. Streets feel quieter away from the arterials, with pocket parks and drainage lakes shaping the landscape. Daily routines often orbit park trails, big-sky fields, and straightforward errands along the main corridors.
Provided by Walk Score and Local Logic
Offer insights
2887 Letrec Cv · $135,000
$136K and above
75% chance or better to win
Why $136K+ is a strong offer
DAYS ON MARKET
6 days
The average home goes pending in 37 days.
SALE-TO-LIST
96.8%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Updated/renovated kitchen
All bedrooms on main level
Wood laminate floors
Tile flooring
5 total rooms
Single-story
Bedrooms
3 bedrooms (all on main level)
Bathrooms
2 full bathrooms
Kitchen
Renovated kitchen
Flooring
Wood laminate
Tile
Heating & cooling
Central heating
Central cooling
Exterior features
Wrought iron security doors
Level lot
Wood/composition exterior/windows
No pool
Home design
Detached single-family home
Traditional style
Built in 1992
Existing property
Parking
Driveway/pad parking
Security
Wrought iron security doors
Construction
Built in 1992
Utilities
Central heating and cooling
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10229876
Sep 5, 2026
Listed
$135,000
Memphis Area Association of Realtors(R) MLS #10103090
Aug 31, 2021
Sold
$112,400
Jul 2, 2021
Listed
$121,400
+8
Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2021 standards! Target rent = $850 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
Memphis Area Association of Realtors(R) MLS #3125097
Jan 16, 2008
Sold
$32,000
Dec 3, 2007
Listed
$34,900
Memphis Area Association of Realtors(R) MLS #2618732
Feb 28, 2006
Sold
$56,200
Nov 17, 2005
Listed
$58,900
Public Records
Apr 1, 1991
Sold
$45,000
Public Records
Jan 28, 1991
Sold
$13,500
Public Records
Dec 22, 1987
Sold
$49,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,637 (+17.5%)
$2,750 + $28,300
$31,050
2024
$1,393 (+8.1%)
$2,750 + $28,300
$31,050
2023
$1,288
$1,925 + $19,225
$21,150
2022
$1,288 (+36.0%)
$1,925 + $19,225
$21,150
2021
$948 (+3.4%)
$1,925 + $19,225
$21,150
2020
$917
$1,925 + $13,450
$15,375
2019
$917
$1,925 + $10,725
$12,650
2018
$917 (+76.3%)
$1,925 + $10,725
$12,650
2017
$520 (−8.9%)
$1,925 + $10,725
$12,650
2016
$571
$1,925 + $10,725
$12,650
2014
$571
$1,925 + $11,150
$13,075
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
39 ft.
Lot depth
139 ft.
Lot size
9,840 Sq. Ft.
Year renovated
2015
Finished Sq. Ft.
1,084
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,084
Year built
1992
Style
Single Family Residential
County
Shelby County
APN
072124 A00019
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
RU-1
Residential Urban-1 District
Residential development in the RU-1 District allows a variety of housing types including single-family detached (conventional, side yard house, Cottage) and single-family attached (semi-attached, two-family). New RU-1 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU2, CMU-3, or CBD district or at are least 500 to 1,000 ft from an arterial.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Educational/school
Fire house
Police station
Recreation
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
13% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38127
Average low and high temperatures (°F)
46
29
56
37
70
50
76
58
78
62
87
71
92
76
90
69
85
66
77
55
65
48
53
38
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.5 hours in
June and 4.7 hours in December, placing it above the
U.S. average for solar exposure.
10.5 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2887 Letrec Cv
$135,090
$90 over list price of $135K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $89K to $156K.