NOT LISTED FOR SALE

1261 Central Ave Memphis, TN 38104

Annesdale Neighborhood
5 Beds
2 Baths
2,748 Sq Ft
8,712 Sq Ft Lot

Last Sold August 24, 2022

Last sale price $400,000 $146 Per Sq Ft

Highlights

  • Efficiency Studio
  • Landscaped
  • Central Heating
  • Tile Flooring

About This Home

As of August 2022

Recently renovated Multifamily in Midtown Historic District. 100% occupied 6 unit with a rent roll of $3,740 per month. Owner/Agent and Manager can provide rent roll, financials, and other information. All 6 units occupied so 24 hour notice will be required to show. All tenants are now billed monthly utilities allowing for an additional $6,000 of expenses to be removed from the owner. Rent collections have been 100% of rent roll for 2020 and 2021. Call agent for more photos and information

Last Agent to Sell the Property

Brandon Kamm

Revid Investments, LLC License #297627 Listed on: 02/23/2022

Last Buyer's Agent

Kevin Woods

Crye-Leike, Inc., REALTORS License #354955

Crye-Leike, Inc., REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1917

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 60x150
  • Landscaped

Parking

  • Paved Parking

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 2,748 Sq Ft Home
  • 2-Story Property
  • Efficiency Studio
  • Free-Standing Range
  • Crawl Space

Flooring

  • Partially Carpeted
  • Laminate
  • Tile

Laundry

  • Dryer
  • Washer

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Window Unit Cooling System
  • Central Heating
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for security deposit
  • Assessor Parcel Number 015012 00007

Community Details

Overview

  • 6 Units
  • Snowden Homestead Subdivision

Building Details

  • Insurance Expense $1,800
  • Utility Expense $1,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Converted House
  • MLS Map #: 746F
  • MAAR Subdivision Name: ANNESDALE
  • Freestanding: Yes
  • List Price Per Sq Ft: 171
  • Number Of Stories: 2
  • Price Per Sq Ft: 2000000
  • Estimated Sq Ft: 2748
  • Year Built: 1917
  • Construction: Brick
  • List Price Per Unit: 78166.67
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Tile, Partial Carpet, Wood Laminate Floors
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding)

Exterior Features

  • Foundation: Conventional/Crawl Space
  • Roof: Composition
  • Miscellaneous Exterior: Some Landscaping

Garage/Parking

  • Parking Facility: Concrete

Utilities

  • Hot Water: Gas
  • Cooling Systems: 1 Window Unit per Unit, 2+ Window Units per Unit
  • Heating Systems: Central
  • Laundry: Dryer in Unit, Washer in Unit

Lot Info

  • Lot Number: 33
  • Acreage: 0.2
  • Lot Size: 60X150
  • Price Per Acre: 2345000

Rental Info

  • Actual Annual Rent: 44780
  • Tenant Pays: Security Deposit
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 015012 00007

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 6
  • Number1 Bedroom Units: 3
  • Number2 Bedroom Units: 1
  • Number Efficiency Studio Units: 2
  • Type of Unit: 1 BR - 1 Bath, 2 BR - 1 Bath, Efficiency/Studio

Range of Values:

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Average Value
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List Price
Sold Price
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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
08/24/2022 08/24/22 Sold $400,000 -14.7% $146 / Sq Ft
04/01/2022 04/01/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $469,000 0.0% $171 / Sq Ft
03/12/2022 03/12/22 Pending -- -- --
02/23/2022 02/23/22 For Sale $469,000 -- $171 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brandon Kamm

    Revid Investments, LLC

    (901) 485-4848

    1 in this area

    22 Total Sales

    Brandon Kamm
    Section Image

  • K

    Buyer's Agent in 2022

    Kevin Woods

    Crye-Leike, Inc., REALTORS

    (615) 522-2875

    1 in this area

    22 Total Sales

    Kevin Woods
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10118160

Memphis Area Association of REALTORS®

APN: 015-012- - -00007

Tennessee Shelby County Memphis 38104 Annesdale

1261 Central Ave, Memphis, TN

This home is located at 1261 Central Ave, Memphis, TN 38104 since 23 February 2022. This property was built in 1917. 1261 Central Ave is a home located in Shelby County with nearby schools including Bruce Elementary School, Bellevue Middle School, and Central High School.

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