Laura Lovelace
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5655 ENCINO CV, Unit 1, Memphis, TN 38115

Sold: $40,000
Sold on: Sep 4th, 2026
Sold: $40,000
Sold on: Sep 4th, 2026
BEDS2 BATHS2 full MLS#10226196
STATUSClosed PROPERTY TYPEResidential - Single Family


Property Description

Investment opportunity with tremendous upside! This condo is available for showings! Property was in the middle of renovations before the seller decided to sell, leaving only a few finishing touches and remaining materials for the next owner. Complete the cleanup, install the microwave, mirror, and shower heads, and this unit could be turnkey and rent-ready for up to $850 per month. A great opportunity for investors looking for a low-cost project with strong rental potential. Being sold AS-IS in a Memphis investor portfolio which includes 5655 Encino Cove, Apt 1, 38115; 5660 Los Gatos Dr, Apt 2, 38115, 5698 Los Gatos Dr, Apt 101, 38115; 2800 Mojave Pl, Apt 173, 38115; 2829 Sonora Dr, Apt 2, 38115; & 2567 Oxford Ave. That's 5 condos in the Hamlets & 1 duplex in Binghampton. The seller would like to sell all properties as a package but they can be sold individually as well. Contact a local realtor to make your offer today! VIDEO AVAILABLE UPON REQUEST!!

Property Features

Cooling: Central
Days on Market: 51
Heating: Central
Lot Size: 0.20 Acres
Year Built: 1973

Feature Descriptions

Additional Rooms: Entry Hall, Laundry Closet, Loft/Balcony, Other (See Remarks), Storage Room
Bed and Bath: Renovated Bathroom, Full Bath Down, Other (See Remarks)
Exterior: Pool House, Tennis Court, On-Site Storage, Balcony, Enclosed Balcony, Well Landscaped Grounds, Storage, Sidewalks, Other (See REMARKS)
Exterior/ Windows: Other (See Remarks), Vinyl Siding
Floors/ Ceilings: Other (See REMARKS), Tile, Vinyl/Luxury Vinyl Floor
Interior: Cat/Dog Free House, Smoke Detector(s), Vent Hood/Exhaust Fan, Other (See REMARKS)
Interior Equipment: Disposal, Dishwasher, Microwave, Refrigerator, Cable Available, Other (See REMARKS)
Living/ Dining Room: LR/DR Combination, Other (See Remarks), Updated/Renovated Kitchen, Vinyl/Luxury Vinyl Floor, Washer/Dryer Connections
Master Bath: Tile Floor
Master Bedroom: Full Bath, Vinyl/Luxury Vinyl Floor
Neighborhood Amenities: Club House, Gated Neighborhood, Other (See Remarks), Pool, Tennis Court
Parking/ Storage: Gated Parking, Other (See REMARKS), Parking Lot, Unassigned Parking
Pool: Neighborhood
Total Rooms: 5
Water/ Sewer: Other (See REMARKS), Public Sewer, Public Water

Listed By / Sold By

Listed By

Agency Name: eXp Realty, LLC

Shown By

Agent Name: Laura Lovelace
Agent Phone: (901) 239-5284
Agency Title: Crye-Leike Real Estate Services

Sold By

Agency Name: eXp Realty, LLC
Agency Phone: 901-505-0756
Agent Name: Jordan Ray

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