NOT LISTED FOR SALE
12 Beds
-- Bath
3,600 Sq Ft
0.26 Acres

Last Sold June 04, 2024

Last sale price $460,000 $128 Per Sq Ft

51 Days on Market

About This Home

As of June 2024

Now available is a 95% occupied turn-key 6 unit apartment building! New windows, updated electrical panel, LVP flooring, New kitchen and bath in each unit! Each unit comes with a stainless refrigerator and range. Each unit is separately metered. Owner pays for lawn/security lights only. Rent is $795/mo each unit. One unit vacant and currently being marketed.

Last Agent to Sell the Property

Caleb Parr

Renshaw Company, REALTORS License #340494 Listed on: 04/01/2024

Last Buyer's Agent

Caleb Parr

Renshaw Company, REALTORS License #340494 Listed on: 04/01/2024

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Lot Details

  • 0.26 Acre Lot

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring
  • Free-Standing Range
  • Washer and Dryer Hookup

Utilities

  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Community Details

  • 6 Units
  • Stainback Blk Tri Subdivision

Listing and Financial Details

  • Tenant pays for electric, trash collection, water/sewer
  • Assessor Parcel Number 026025 00051

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MAAR Subdivision Name: STAINBACK
  • Freestanding: Yes
  • Number Of Stories: 2
  • Estimated Sq Ft: 3600
  • Year Built: 1963
  • Construction: Brick
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Vinyl Floor
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding)

Exterior Features

  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Parking Facility: Concrete

Utilities

  • Hot Water: Electrical
  • Heating Systems: Wall Heat
  • Laundry: Connections

Lot Info

  • Lot Number: 12&13
  • Acreage: 0.26
  • Lot Size: .26

Rental Info

  • Tenant Pays: Electric, Trash Collection, Water/Sewer
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 026025 00051

Multi Family

  • Perc Occ: 95
  • Total Number Of Units: 6
  • Number2 Bedroom Units: 6
  • Type of Unit: 2 BR - 1 Bath, Unfurnished
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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
06/04/2024 06/04/24 Sold $460,000 -8.0% $128 / Sq Ft
05/22/2024 05/22/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $500,000 +100.0% $139 / Sq Ft
03/01/2023 03/01/23 Sold $250,000 0.0% $69 / Sq Ft View Prior Sale
02/16/2023 02/16/23 Pending -- -- --
02/14/2023 02/14/23 For Sale $250,000 0.0% $69 / Sq Ft
01/19/2023 01/19/23 Pending -- -- --
12/16/2022 12/16/22 For Sale $250,000 +13.6% $69 / Sq Ft
02/16/2022 02/16/22 Sold $220,000 +7.3% $61 / Sq Ft View Prior Sale
02/14/2022 02/14/22 Pending -- -- --
10/21/2021 10/21/21 For Sale $205,000 0.0% $57 / Sq Ft
08/07/2019 08/07/19 Rented $400 0.0% --
07/17/2019 07/17/19 For Rent $400 0.0% --
12/04/2013 12/04/13 Sold $100,000 -19.9% $3 / Sq Ft View Prior Sale
10/08/2013 10/08/13 Pending -- -- --
07/26/2013 07/26/13 For Sale $124,900 -- $3 / 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 -- $98,920 $7,080 $91,840
2024 $1,485 $43,800 $5,800 $38,000
2023 $2,668 $43,800 $5,800 $38,000
2022 $2,668 $43,800 $5,800 $38,000
2021 $2,699 $43,800 $5,800 $38,000
2019 $1,227 $38,400 $5,800 $32,600
2018 $1,227 $38,400 $5,800 $32,600
2017 $1,256 $38,400 $5,800 $32,600
2016 $753 $17,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10169044

Memphis Area Association of REALTORS®