NOT LISTED FOR SALE
32 Beds
-- Bath
13,728 Sq Ft
0.89 Acres Lot

Sale Details

Date 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

  • 38,768 Sq Ft 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,389 $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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