NOT LISTED FOR SALE

1261 Peabody Ave Memphis, TN 38104

Annesdale Neighborhood
20 Beds
-- Bath
7,540 Sq Ft
0.32 Acres

Last Sold January 10, 2020

Last sale price $450,000 $60 Per Sq Ft

About This Home

As of January 2020

This 12 unit building is located just one block south of Methodist Hospital in Midtown. There are 4-1BRs and 8-2BRs. The scheduled monthly income is 6910 a month.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 11/11/2019

Crye-Leike Commercial

Last Buyer's Agent

Eleanore Maynard

Hobson, REALTORS License #338129

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 100 x 141.4

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 7,540 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for some utilities
  • Assessor Parcel Number 016006 00006

Community Details

Overview

  • 12 Units
  • Annesdale Park Subdivision

Building Details

  • Insurance Expense $4,171
  • Utility Expense $3,000
  • Operating Expense $18,905

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MLS Map #: 746F
  • MAAR Subdivision Name: ANNESDALE
  • Freestanding: Yes
  • List Price Per Sq Ft: 73
  • Number Of Stories: 2
  • Price Per Sq Ft: 1406250
  • Estimated Sq Ft: 7540
  • Year Built: 1963
  • Construction: Brick/Veneer
  • List Price Per Unit: 45750
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Vinyl Floor

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

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

Lot Info

  • Lot Number: 29 andPT30
  • Acreage: 0.32
  • Lot Size: 100 X 141.4
  • Price Per Acre: 1715625
  • Improved Sq Ft: 7540
  • Land Sq Ft: 14100

Rental Info

  • Actual Annual Rent: 74628
  • Tenant Pays: Some Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 016006 00006

Multi Family

  • Perc Occ: 75
  • Total Number Of Units: 12
  • Number1 Bedroom Units: 4
  • Number2 Bedroom Units: 8
  • Type of Unit: 1 BR - 1 Bath, 2 BR - 1 Bath

Range of Values:

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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 Change Sq Ft Price
01/10/2020 01/10/20 Sold $450,000 -18.0% $60 / Sq Ft
11/16/2019 11/16/19 Pending -- -- --
11/11/2019 11/11/19 For Sale $549,000 -- $73 / 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 2020

    Jeffrey Moore

    Crye-Leike

    (901) 409-5671

    6 in this area

    87 Total Sales

    Jeffrey Moore
    Section Image
  • Eleanore Maynard

    Buyer's Agent in 2020

    Eleanore Maynard

    Hobson, REALTORS

    (901) 219-1905

    94 Total Sales

    Eleanore Maynard
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10066081

Memphis Area Association of REALTORS®
Tennessee Shelby County Memphis 38104 Annesdale

1261 Peabody Ave, Memphis, TN

This home is located at 1261 Peabody Ave, Memphis, TN 38104 since 11 November 2019. This property was built in 1963. 1261 Peabody 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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