Lease to Own
Address
3240 N Watkins St, Memphis, TN
Price
$ 80,000
Property Attributes
- MLS#10219048
- TypeSingle Family
- Listing Status Active
- CountySHELBY
- CityMemphis
- AreaFrayser - East
- NeighborhoodTHRIFT FARM
- Zip38127
- StyleTraditional
- Year Built1940
- Taxes$ 622
- Price$ 80,000
- Bedrooms3
- Full Bathrooms0
- Half Bathrooms2
- Sqr Footage1600
- Lot Size0.17 Acres
Data Source:
Memphis MLS (MAAR)
Property Description
Great opportunity! This property is currently zoned for commercial use and is ready to operate, but it can be converted to residential use by making interior modifications to meet residential code requirements. This property already features many important updates, including a new roof, HVAC system, water heater, fresh interior and exterior paint, an updated electrical system with new interior light fixtures, a new exterior door, a secure fenced lot, and a wooden deck.
| Price History | |
|---|---|
| 4/11/2026 | Listed $85,000 |
| 7/10/2026 | 6$80,000 |
General Features
| Heating | Central |
|---|---|
| Cooling | Central |
| Roof | Composition Shingles |
| Status | Active |
| Half Baths | 2 |
| Legal Subdivision Name | THRIFT FARM |
| Style | Traditional |
| Stories Count | 1 |
| County | Shelby |
| Class | Residential |
| Type | Detached Single Family |
| Condo | No |
| Area | 727A |
| Parcel Number | 072017 00021 |
| Status | Active |
| Annual City Tax | 276 |
| Annual County Tax | 346 |
| Sale/Rent | For Sale |
| Area | Frayser - East |
| Service Type | Full Service Listing |
| Neighborhood Association | None |
| Year Built | 1940 |
| Directions | From 240 take Exit 3 to North Watkins St. The property is on your right. |
| City | Memphis |
| DOM | 159 |
Interior Features
| Living Room | Other (See Remarks) |
|---|---|
| Beds | 3 |
| Total Baths | 0.2 |
| Number of Rooms | 6 |
| Downstairs Bedrooms | 2 |
| MISC. INTERIOR | All Window Treatments |
| FLOORS/CEILINGS | Other (See REMARKS) |
| INTERIOR EQUIPMENT | Other (See REMARKS) |
Exterior Features
| Foundation | Conventional |
|---|---|
| Pool | None |
| Lot | 1 |
| Lot Size Area | 0.17 |
| Water & Sewer | Gas Water Heater |
| Lot Size | 60X126 |
| Parking Display | No |
| Lot Description | Wood Fenced,Brick/Iron Fenced |
| PARKING/STORAGE | Driveway/Pad |
| EXTERIOR/WINDOWS | Vinyl Siding |
| Misc. Exterior | Deck,Wood Fence |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 38127
Price
Taxes
Year Built
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Copyright © 2026 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 not guaranteed. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
MLS United® - All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing information provided courtesy of the Central West Tennessee Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.
Updated: September 21, 2026 6:27 PM UTC
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
