$590,000
SOLD AUG 12, 2020

1042 Merriwether Ave Memphis, TN 38105

Crosstown Neighborhood
28 Beds
-- Bath
7,434 Sq Ft
1960 Built

Recently Sold

$79 Per Sq Ft

4% Below List Price

29 Days on Market

About This Home

As of January 2022

Proud to announce this 14 unit complex, located in the midtown/medical district area! Already stable but has the potential to be a VALUE ADD as well. The location is stellar and it’s a rare opportunity to be able to purchase a 14 unit all 2 bedrooms!!!! Showing after accepted offer contingent upon walk thru. 13 units rented!!!!Showing after accepted offer contingent upon walk thru.

Last Agent to Sell the Property

Felecia Magro

The Stamps Real Estate Company License #336001 Listed on: 06/02/2020

Co-Listed By

Fiona Yanok

The Stamps Real Estate Company License #350039

Last Buyer's Agent

Felecia Magro

The Stamps Real Estate Company License #336001 Listed on: 06/02/2020

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Parking

  • Paved Parking

Home Design

  • 7,434 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Aluminum Siding
  • Vinyl Siding

Kitchen

  • Free-Standing Range

Flooring

  • Partially Carpeted
  • Vinyl

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electric, gas, heating, security deposit, some utilities
  • Assessor Parcel Number 020089 00038

Community Details

Overview

  • 14 Units
  • Harvey Subdivision

Building Details

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MLS Map #: 741E
  • MAAR Subdivision Name: HARVEY
  • Freestanding: Yes
  • List Price Per Sq Ft: 83
  • Estimated Sq Ft: 7434
  • Year Built: 1960
  • Construction: Aluminum/Steel Siding, Brick, Vinyl Siding
  • List Price Per Unit: 43928.57
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floors/Ceilings: Partial Carpet, Vinyl Floor
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding), Smoke Detector(s)

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Electrical
  • Cooling Systems: 1 Window Unit per Unit
  • Heating Systems: Central

Lot Info

  • Lot Number: 5
  • Lot Size: 21,083

Rental Info

  • Actual Annual Rent: 84036
  • Tenant Pays: Cable TV, Electric, Gas, Heating, Security Deposit, Some Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 020089 00038

Multi Family

  • Perc Occ: 93
  • Total Number Of Units: 14
  • Number2 Bedroom Units: 14
  • Type of Unit: 2 BR - 1 Bath

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2022 01/10/22 Sold $800,000 -4.8% $108 / Sq Ft
11/05/2021 11/05/21 Pending -- -- --
10/26/2021 10/26/21 For Sale $839,900 0.0% $113 / Sq Ft
09/25/2021 09/25/21 Pending -- -- --
09/17/2021 09/17/21 For Sale $839,900 +42.4% $113 / Sq Ft
08/12/2020 08/12/20 Sold $590,000 -4.1% $79 / Sq Ft
06/02/2020 06/02/20 For Sale $615,000 +38.8% $83 / Sq Ft
06/11/2018 06/11/18 Sold $443,000 -9.3% $60 / Sq Ft
01/21/2018 01/21/18 Pending -- -- --
12/02/2017 12/02/17 For Sale $488,600 -- $66 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Felecia Magro

    Seller's Agent in 2022

    Felecia Magro

    The Stamps Real Estate Company

    (901) 283-9373

    2 in this area

    87 Total Sales

    Section Image
  • Fiona Yanok

    Seller Co-Listing Agent in 2020

    Fiona Yanok

    The Stamps Real Estate Company

    (901) 305-3485

    3 in this area

    58 Total Sales

    Section Image
  • Jeffrey Moore

    Seller's Agent in 2018

    Jeffrey Moore

    Crye-Leike

    (901) 409-5671

    2 in this area

    90 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10077719

Memphis Area Association of REALTORS®

Tennessee Shelby County Memphis 38105 Crosstown

1042 Merriwether Ave, Memphis, TN

This home is located at 1042 Merriwether Ave, Memphis, TN 38105 and is currently priced at $590,000, approximately $79 per square foot. This property was built in 1960. 1042 Merriwether Ave is a home located in Shelby County with nearby schools including Bruce Elementary School, Central High School, and Southwest Early College High School.

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