Last Sold Price
3 beds1,468 sqft$116/sqft
3727 Rhea Ave, Memphis, TN 38122

Description

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2022 standards! Target rent = $1,250 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2022 standards! Target rent = $1,250 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
LISTING CLOSED: 09/20/2022 12:00 AM

  1. Listed by Jim Reedy • Reedy Group II, LLC

Property Details for 3727 Rhea Avenue

Status
MLS #
10125523
Days on Market
1
Taxes
$968 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Detached Single Family / No
Year Built
1947
Lot Size
0.29 AC / 12,632 SF
Area
752E
Style
Traditional
MAAR Subdivision Name
HIGBEE
Legal Subdivision Name
H H HIGBEES

Location

Listing Courtesy of Reedy Group II, LLC

Sold By Reedy Group II, LLC

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Building Information for 3727 Rhea Avenue

Stories1Year Built1947Building Size-Lot Size0.29 AC / 12,632 SF

Payment Calculator

$950 per month

30 year fixed, 6.55% Interest

Principal and Interest

$869

Property Taxes

$81

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 3727 Rhea Avenue

Summary
Location and General Information
  • Address: 3727 RHEA AVE
  • Address Search Number: 3727
  • Directions: Get on I-40 W 5 min (1.3 mi) Take exit 8 from Sam Cooper Blvd 8 min (8.3 mi) Take Tutwiler Ave and Isabelle St to Rhea Ave
  • Map Coordinate: E
  • MLS Map Num: Kingsbury
  • Neighborhood Association: None
Parking
  • Parking Display: 3
  • Parking/Storage: Driveway/Pad
Taxes and HOA Information
  • LVT Date: 06-03-2022
Property
Lot Information
  • Lot Size: 60X214
  • Acreage: .29
  • Lot Num: 1
  • Lot Description: Level
  • Parcel ID: 038075 00002
Property and Assessments
  • Detached Unit Type: General Residential
  • Foundation: Slab
  • Prop Construction Status: Existing Property
  • Service Type: Full Service Listing
Utilities
  • Cooling: Central
  • Water & Sewer: Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Exterior/Windows: Brick Veneer
  • Misc Exterior: Wrought Iron Security Drs
  • Pool Description: None
  • Roof: Composition Shingles
Interior Features
  • Num of Fireplaces: 1.0
  • 1st Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
  • Additional Br/Bath Info: All Bedrooms Down
  • Apprx Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms Down: 3.0
  • Den Great Room Dimensions: 0x0
  • Dining Room Dimensions: 0x0
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Heating: Central
  • Living Room Dimensions: 0x0
  • Living/Dining/Kitchen: Updated/Renovated Kitchen
  • Total Baths: 2

Property History for 3727 Rhea Avenue

DateEvent & SourcePriceAppreciation
Sep 20, 2022

Sold

MAARMLS #10125523

$171,000—
Sep 1, 2022

Sold (Public Record)

Public Record #1497652496

$171,000

+109.7% / yr

May 27, 2022

Contract Signed

MAARMLS #10125523

—
DateEvent & SourcePrice
09/20/2022

Sold

MAARMLS #10125523

$171,000
09/01/2022

Sold (Public Record)

Public Record #1497652496

$171,000

+109.7% / yr

05/27/2022

Contract Signed

MAARMLS #10125523

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3727 Rhea Avenue

Taxable ValueLand$5,125Additions$34,800Total$39,925
Tax Record2024$2,629 ($219 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,520 SqFtAbove Grade Finished SqFt1,520 SqFtStories2Lot Size12,807 SqFtStyleSingle Family ResidenceYear Built1947Year Renovated1985ZoningR-6CountySHELBYAPN038-075- - -00002Fireplace TypeHas Fireplace

Schools near 3727 Rhea Avenue

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Treadwell Elementary School
PublicPK to 5

Treadwell Middle School
Public6 to 8

Kingsbury High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
–
3
2
1,396
12,807
$230,000
3
1,524
21,344
$100,000
4
2
1,617
7,362
$101,500
2
1,017
8,712
$40,000
2
1,020
9,583

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Reedy Group II, LLC

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR and Central West Tennessee Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the MAAR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.