Priced at $199,900, this unique and expansive property offers an incredible opportunity for investors, renovators, or buyers seeking a large home with multiple living spaces and exceptional flexibility. Located in the historic Vollintine Evergreen Historic District of Memphis, Tennessee, this property combines size, character, and income-producing potential in one remarkable package.
Situated on a generous 0.71-acre lot consisting of three separate lots, the property provides an abundance of outdoor space that is rarely found in such a convenient location. The expansive grounds offer numerous possibilities for future improvements, outdoor living areas, gardens, parking, or other creative uses depending on your vision and needs.
The main residence features approximately 4,370 square feet of living space with 5 bedrooms and 4 bathrooms. With its substantial size and unique layout, this property offers endless opportunities for customization and redevelopment. Investors and buyers looking for a project with significant upside potential will appreciate the versatility this property provides.
One of the standout features is the dedicated in-law suite, which includes a full kitchen and separate living accommodations. This space could serve a variety of purposes, including extended family housing, guest quarters, or a potential income-producing rental unit. Having a secondary living area already in place adds tremendous value and flexibility for future owners.
Adding even more character and functionality, the property includes a basement chapel. This rare feature creates opportunities for a private gathering space, studio, meeting area, hobby room, or other specialized uses. The unique design elements throughout the property make it unlike many homes currently available on the market.
The detached garage apartment further enhances the property’s appeal. This additional living space could potentially be renovated and utilized for rental income, guest accommodations, a home office, or private quarters separate from the main residence. For investors seeking multiple revenue streams, the combination of the in-law suite and detached apartment presents exciting possibilities.
The 0.71-acre property provides plenty of room to expand, improve, or simply enjoy additional privacy and outdoor space. Having three lots included with the sale creates opportunities that are increasingly difficult to find in established urban neighborhoods. Buyers with creative vision may see substantial future potential in the land itself.
Located in Memphis, Tennessee, the property enjoys convenient access to many of the city’s major destinations. Downtown Memphis attractions, the medical district, shopping, dining, entertainment venues, and major transportation corridors are all located just minutes away. This strategic location enhances the property’s value for both residential and investment purposes.
While the property will require attention and improvements, it offers an outstanding opportunity for those willing to unlock its full potential. The combination of 5 bedrooms, 4 bathrooms, 4,370 square feet of living space, multiple living quarters, income-producing possibilities, three lots totaling 0.71 acres, and a price of only $199,900 makes this a rare find in today’s market.
For investors, renovators, or buyers searching for a large historic property with multiple income opportunities and extensive space, this Memphis property presents a unique chance to create something truly special.
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Listed in ZILLOW
