3BR Home in Memphis , TN

About This Property

This is a rare creative-finance opportunity in one of Memphis’s most desirable and high-demand areas, perfect for investors, first-time buyers, or anyone who’s been sidelined by traditional lending. Located at 1073 Bruce Street, Memphis, TN 38104, this property allows you to step into ownership with only Contact for details down by taking over the existing mortgage through a subject-to financing structure. The home features 3 bedrooms and 2 full bathrooms and is located in a strong rental pocket with consistent demand. There is no HOA, and the property is scheduled to be vacant in January 2026, providing flexibility for an owner-occupant or an investor planning a future reposition or rental strategy. What makes this deal especially attractive is the financing already in place. The existing mortgage carries a 6.91% interest rate, which is locked in, and the monthly payment is Contact for details, including taxes and insurance. There is no credit check, no bank approval, and no income verification required, making this a true second-chance opportunity for buyers who want control of a quality asset without jumping through traditional lending hoops. The property is priced at $385,000, with a current mortgage balance of Contact for details. With only Contact for details Down Payment: Contact for details the buyer takes over the payments and gains ownership benefits immediately, including appreciation, tax advantages, and rental income potential. Comparable rentals in the area average Contact for details to Contact for details per month, creating the opportunity for positive while locking in predictable, sub-7% financing. This is more than just a home — it’s a chance to control a six-figure asset with minimal upfront capital, stable payments, and built-in financing that would be difficult to replicate in today’s market. Creative finance deals like this are rare and move quickly, especially in high-demand areas like 38104. Showings are available by appointment. Call or text (786) 322-3646 or send a DM to secure your spot before this opportunity is gone.

Features & Highlights