$17,500
1562 Preston Street
Memphis, TN 38107
MLS# 9987884
Status: Active Under Contract
4 beds  |  2 baths  |  1448 sqft


1562 Preston Street, Memphis, TN 38107
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1562 Preston Street, Memphis, TN 38107

Property Description
Calling all investors and visionaries! Located in the heart of Memphis, 1562 Preston Street offers an excellent opportunity for redevelopment or restoration. According to public records, this property features four bedrooms, one and a half bathrooms, and approximately 1,448 square feet of living space. Built in 1912, the home reflects the charm and character of its era but is in need of extensive repairs throughout. Please note that there is no interior access and no interior photos available. The property is being sold as-is, and the primary value lies in the land and its potential for future use. Whether you're looking to restore a historic structure or clear the site for a fresh start, this parcel provides a solid foundation in an established neighborhood. With the right vision and investment, 1562 Preston Street could become a standout project in a growing Memphis market. This is a chance to bring new life to a classic property while capitalizing on the area's continued development and demand. *Buyer and buyer's agent to verify all information contained herein. Deemed reliable, but not guaranteed. *Equal Housing Opportunity. Assignment of contract. Wholesaler holds equitable interest and has limited power of attorney from seller for document execution only.

Details
Maps
Location, Tax & Legal Info
City Taxes: 224.48
County Taxes: 238.15
Contract Info
List Price/SqFt: 12.09
Foreclosure: No
Short Sale: No
Auction: No
Status: Active Under Contract
Listing Price: 17500
Current Price: $17,500
Listing Date: 2025-11-03
General Property Description
Lot Dimensions: 53X145
Acres: 0.18
Lot #: 6
Zoning: R6
Elementary School: Out Of Area
Middle School: Out Of Area
Parcel ID: 034012 00021
High School: Out Of Area
Home Warranty: No
HOA Y/N: No
Baths - Full: 1
Baths - 1/2: 1
Total SqFt Finished: 1448
Total SqFt Unfinished: 0
Total Rooms: 8
Above Grade SqFt: 1448
Property Sub-Type: Single Family Residence
# Bedrooms: 4
Total Baths: 2
Year Built: 1912
Total SqFt: 1448
Remarks & Misc
Public Remarks: Calling all investors and visionaries! Located in the heart of Memphis, 1562 Preston Street offers an excellent opportunity for redevelopment or restoration. According to public records, this property features four bedrooms, one and a half bathrooms, and approximately 1,448 square feet of living space. Built in 1912, the home reflects the charm and character of its era but is in need of extensive repairs throughout. Please note that there is no interior access and no interior photos available. The property is being sold as-is, and the primary value lies in the land and its potential for future use. Whether you're looking to restore a historic structure or clear the site for a fresh start, this parcel provides a solid foundation in an established neighborhood. With the right vision and investment, 1562 Preston Street could become a standout project in a growing Memphis market. This is a chance to bring new life to a classic property while capitalizing on the area's continued development and demand. *Buyer and buyer's agent to verify all information contained herein. Deemed reliable, but not guaranteed. *Equal Housing Opportunity. Assignment of contract. Wholesaler holds equitable interest and has limited power of attorney from seller for document execution only.
Directions: Beginning on I-69, take exit 28B toward S Parkway West. Take S Pkwy E to Preston St. Merge onto College St, 157 ft, turn right onto S Pkwy E. 1.3 mi, turn left onto Preston St. Destination will be on the left.
Property Condition
Fixer: 1
Poor: 1
SqFt Details
Finished SqFt Level 1: 1136
Finished SqFt Level 2: 312
Exterior Finish
Wood Siding: 1
Style
Cottage: 1
Roof
Shingle: 1
Levels
Two: 1
Heating
See Remarks: 1
AC
See Remarks: 1
Water
See Remarks: 1
Topography/Lot Description
Level: 1
Financing
Cash: 1
Walls
See Remarks: 1
Structure Type
House: 1
Location Tax Legal Info
Street #: 1562
Street Name: Preston
St Suffix: Street
County: Shelby
State/Province: TN
Zip Code: 38107
Area: 499 - Out Of Area
Subdivision: Not Listed
Status Change Info
Date Pending: 2025-12-12
Property Features
Property Condition: Fixer; Poor
Style: Cottage
Levels: Two
Exterior Finish: Wood Siding
Roof: Shingle
Heating: See Remarks
AC: See Remarks
Water: See Remarks
Walls: See Remarks
Financing: Cash
Structure Type: House

Listing Office: NextHome Magnolia Realty

Last Updated: December - 12 - 2025

Information deemed reliable but not guaranteed.


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