4340 Fayette Rd

1,300 Sq. Ft.
$119 / Sq. Ft.
1,300
Sq. Ft.
$119
per Sq. Ft.

Description

Great rental property for sale! BUILDING is for sale: NOT available for a new tenant! Currently, a long-term tenant is paying $1500 per month and is month to month operating a successful daycare. The property was previously used as a dental business; could also be a medical or office in a thriving commercial area of Raleigh near Stage and Austin Peay Hwy. The tenant pays all utilities, licensing, insurance, lawn maintenance & interior repairs. The owner pays taxes & liability insurance. The property...Great rental property for sale! BUILDING is for sale: NOT available for a new tenant! Currently, a long-term tenant is paying $1500 per month and is month to month operating a successful daycare. The property was previously used as a dental business; could also be a medical or office in a thriving commercial area of Raleigh near Stage and Austin Peay Hwy. The tenant pays all utilities, licensing, insurance, lawn maintenance & interior repairs. The owner pays taxes & liability insurance. The property is in good condition with recent improvements: the architectural roof was replaced 2018; HVAC was replaced 2021; the water heater in 2024; fresh exterior paint in 2024. Interior features include 2 large half bathrooms, with an open interior that could create 4-6 office spaces, plus additional space to create a kitchenette. Currently, there are 4 parking spaces on this corner lot with the potential for additional parking spaces. Call for details or to answer any questions.
  1. Listed by Cheryl Brogdon • KAIZEN Realty, LLC

Property Details for 4340 Fayette Road

Area
735A
Style
Soft Contemporary
MAAR Subdivision Name
RALEIGH BLOCK I
Legal Subdivision Name
RALEIGH
LISTING CLOSED: 01/17/2025 12:00 AM

Property Details for 4340 Fayette Road

StatusClosed
MLS #10182279
Days on Market99
Taxes$1,998 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Detached Single Family / No
Year Built1973
Lot Size0.15 AC / 6,534 SF
CountyShelby County

Location

Listing Courtesy of KAIZEN Realty, LLC

Sold By 901, REALTORS

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Building Information for 4340 Fayette Road

Stories1Year Built1973Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$939 per month

30 year fixed, 6.36% Interest

Principal and Interest

$772

Property Taxes

$167

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 4340 Fayette Road

Summary
Location and General Information
  • Address: 4340 FAYETTE RD
  • Address Search Number: 4340
  • Cross Street: Cela Rd
  • Directions: From Covington Pike, head east on Stage Rd to Cela Rd, turn left. Property will be first building on the right. From Jackson, heading north from I-40, take old Austin Peay Hwy exit, turn right onto Fayette, before Stage, turn right to 4340 @ Cela Rd.
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Quality: .95
  • Geo Update Timestamp: 09-30-2024
  • Geo Zoom Level: 16.00
  • Map Coordinate: A
  • MLS Map Num: Covington Pike - South
  • Neighborhood Association: None
Parking
  • Attached Detached Parking: Detached
  • Parking Display: 0D
  • Parking/Storage: Parking Lot
Taxes and HOA Information
  • LVT Date: 09-30-2024
Property
Lot Information
  • Lot Size: 70 X 98
  • Acreage: .15
  • Lot Num: 2 & PT
  • Lot Description: Level, Corner, Wood Fenced
  • Parcel ID: 088005 00005
Property and Assessments
  • Detached Unit Type: General Residential
  • Flood Insurance Required: No
  • Foundation: Slab
  • Prop Construction Status: Existing Property
  • Security: Dead Bolt Lock(s), Smoke Detector(s)
  • Service Type: Full Service Listing
  • Syndicate Listing To: Zillow Group
Utilities
  • Cooling: Central
  • Water & Sewer: Electric Water Heater, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Exterior/Windows: Brick Veneer, Wood/Composition
  • Misc Exterior: Porch, Wood Fence, Sidewalks
  • Pool Description: None
  • Roof: Composition Shingles
Interior Features
  • Num of Fireplaces: 0.0
  • Additional Br/Bath Info: Half Bath Down
  • Apprx Heated Sq Ft Range: 1200-1399
  • Bedrooms Down: 0.0
  • Den Great Room Dimensions: 0x0
  • Dining Room Dimensions: 0x0
  • Floors/Ceilings: Tile
  • Heating: Central, Gas
  • Living Room Dimensions: 0x0
  • Living/Dining/Kitchen: Other (See Remarks)
  • Office Description: Level 1, Private Half Bath, Tile Floor
  • Total Baths: 0

Property History for 4340 Fayette Road

DateEvent & SourcePriceAppreciation
Jan 17, 2025

Sold

REALTRACS #3020174

$155,000—
Jan 17, 2025

Contract Signed

REALTRACS #3020174

—
Jan 17, 2025

Sold

MAARMLS #10182279

$155,000—
DateEvent & SourcePrice
01/17/2025

Sold

REALTRACS #3020174

$155,000
01/17/2025

Contract Signed

REALTRACS #3020174

—
01/17/2025

Sold

MAARMLS #10182279

$155,000

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

Public Records for 4340 Fayette Road

Taxable ValueLand$7,640Additions$37,040Total$44,680
Tax Record2024$2,942 ($245 / month)
Home Facts
Total Finished SqFt1,300 SqFtAbove Grade Finished SqFt1,300 SqFtStories1Lot Size6,839 SqFtStyleSchoolYear Built1973Year Renovated1982ZoningCMU-3CountySHELBYAPN088-005- - -00005Fireplace TypeHas Fireplace

Schools near 4340 Fayette Road

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 - K to 8
Rating
School
Distance
Raleigh- Bartlett Meadows School
PublicPK to 5

Craigmont Middle School
Public6 to 8

Craigmont 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.

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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 KAIZEN Realty, 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.