NOT LISTED FOR SALE
32 Beds
-- Bath
13,728 Sq Ft
38,768 Sq Ft Lot

Last Sold July 17, 2017

Last sale price $575,000 $42 Per Sq Ft

114 Days on Market

Highlights

  • 0.89 Acre Lot
  • Central Air
  • Garden Home
  • Wood Flooring
  • Hot Water Heating System

About This Home

As of July 2017

This 16 unit building is located just minutes from Graceland. The units are all 2 bedroom 1 bath with central heat. The scheduled monthly income is over $7100 per month.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 03/01/2017

Crye-Leike Commercial

Last Buyer's Agent

Claudia Smith

The Regal Group License #264511

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.89 Acre Lot

Parking

  • Paved Parking

Home Design

  • Garden Home
  • Brick Exterior Construction
  • Slab Foundation
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • 13,728 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Partially Carpeted

Utilities

  • Central Air
  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Hot Water Heating System
  • Heating System Uses Gas
  • Bottled Gas Water Heater

Listing and Financial Details

  • Tenant pays for water/sewer
  • Assessor Parcel Number 078073 00008

Community Details

Overview

  • 3 Buildings
  • 16 Units
  • Graceland Subdivision

Building Details

  • Insurance Expense $3,200
  • Utility Expense $6,199

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.89 Acres

Listing Details

  • Class: Multi-Family
  • Type: Flat/Garden Units
  • MAAR Subdivision Name: GRACELAND
  • Freestanding: Yes
  • List Price Per Sq Ft: 47
  • Number Of Stories: 2
  • Estimated Sq Ft: 13728
  • Year Built: 1960
  • Construction: Brick/Veneer
  • List Price Per Unit: 40562.5
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Partial Carpet

Exterior Features

  • Foundation: Slab
  • Roof: Pitched, Shingle/Shake

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Bottled Gas, Individual System, Public Sewer, Public Water
  • Cooling Systems: Central, Individual Cooling
  • Heating Systems: Gas, Individual Systems

Lot Info

  • Lot Number: 8THRU10
  • Acreage: 0.89
  • Lot Size: 38905
  • Improved Sq Ft: 13728
  • Land Sq Ft: 38905

Rental Info

  • Actual Annual Rent: 83451
  • Leaseable Sq Ft: 13728
  • Tenant Pays: Water/Sewer
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 078073 00008

Multi Family

  • Perc Occ: 93
  • Total Number Of Units: 16
  • Number2 Bedroom Units: 16
  • Type of Unit: 2 BR - 1 Bath
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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 List to Sale Price per Sq Ft Prior Sale
07/17/2017 07/17/17 Sold $575,000 -11.4% $42 / Sq Ft
06/23/2017 06/23/17 Pending -- -- --
03/01/2017 03/01/17 For Sale $649,000 +35.2% $47 / Sq Ft
12/21/2015 12/21/15 Sold $480,000 -25.0% $35 / Sq Ft View Prior Sale
07/15/2015 07/15/15 Pending -- -- --
12/22/2014 12/22/14 For Sale $640,000 -- $47 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,747 $237,520 $17,520 $220,000
2024 $6,747 $199,040 $17,520 $181,520
2023 $12,125 $199,040 $17,520 $181,520
2022 $12,125 $199,040 $17,520 $181,520
2021 $12,267 $199,040 $17,520 $181,520
2020 $12,646 $174,520 $17,520 $157,000
2019 $12,646 $174,520 $17,520 $157,000
2018 $12,646 $174,520 $17,520 $157,000
2017 $7,173 $174,520 $17,520 $157,000
2016 $4,396 $100,600 $0 $0
2014 $4,396 $100,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9996647

Memphis Area Association of REALTORS®
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