$199,248
SOLD DEC 30, 2015

1055 Merriwether Ave Memphis, TN 38105

Crosstown Neighborhood
24 Beds
-- Bath
30,797 Sq Ft
1950 Built

Recently Sold

$6 Per Sq Ft

29% Below List Price

12 Days on Market

Highlights

  • 30,797 Acre Lot
  • Central Heating and Cooling System
  • Partially Carpeted

About This Home

As of August 2019

This 16 unit property is located in the Memphis Medical Center area. There are 8-1br's and 8-2br's. The scheduled monthly rents are 6265 per month. This property is a reposition opportunity. 6 units are currently occupied. Property is priced to sell.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 08/19/2015

Crye-Leike Commercial

Last Buyer's Agent

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 08/19/2015

Crye-Leike Commercial

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 30,797 Acre Lot
  • Lot Dimensions are 176 x 175

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 30,797 Sq Ft Home
  • 2-Story Property

Flooring

  • Partially Carpeted
  • Vinyl

Utilities

  • Central Heating and Cooling System
  • Cooling System Powered By Gas
  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • 16 Units
  • Harvey Subdivision

Listing and Financial Details

  • Tenant pays for some utilities
  • Assessor Parcel Number 020091 00001

Home Details

Home Type

Single Family

Year Built

Built in 1950

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: 9
  • Number Of Stories: 2
  • Price Per Sq Ft: 6.47
  • Estimated Sq Ft: 30797
  • Year Built: 1950
  • Construction: Brick/Veneer
  • List Price Per Unit: 17500
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Floors/Ceilings: Vinyl Floor, Partial Carpet

Exterior Features

  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Electrical
  • Cooling Systems: Central, Gas
  • Heating Systems: Central, Gas

Lot Info

  • Lot Number: 3
  • Acreage: 30797
  • Lot Size: 176 X 175
  • Price Per Acre: 9
  • Improved Sq Ft: 11200
  • Land Sq Ft: 30797

Rental Info

  • Leaseable Sq Ft: 11200
  • Tenant Pays: Some Utilities
  • Type Of Leases: Monthly

Tax Info

  • Assessor Parcel Number: 020091 00001

Multi Family

  • Perc Occ: 38
  • Total Number Of Units: 16
  • Number1 Bedroom Units: 8
  • Number2 Bedroom Units: 8
  • Type of Unit: 1 BR - 1 Bath, 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
08/19/2019 08/19/19 Sold $500,000 -16.0% $16 / Sq Ft
03/14/2019 03/14/19 Pending -- -- --
03/06/2019 03/06/19 For Sale $595,000 0.0% $19 / Sq Ft
02/14/2019 02/14/19 Pending -- -- --
01/29/2019 01/29/19 For Sale $595,000 +198.6% $19 / Sq Ft
12/30/2015 12/30/15 Sold $199,248 -28.8% $6 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
08/19/2015 08/19/15 For Sale $280,000 -- $9 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Moore

    Seller's Agent in 2019

    Jeffrey Moore

    Crye-Leike

    (901) 409-5671

    2 in this area

    93 Total Sales

    Jeffrey Moore
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9959454

Memphis Area Association of REALTORS®

Tennessee Shelby County Memphis 38105 Crosstown

1055 Merriwether Ave, Memphis, TN

This home is located at 1055 Merriwether Ave, Memphis, TN 38105 and is currently priced at $199,248, approximately $6 per square foot. This property was built in 1950. 1055 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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