NOT LISTED FOR SALE

1277 Airways Blvd Memphis, TN 38114

Orange Mound Neighborhood
16 Beds
-- Bath
4,500 Sq Ft
0.33 Acres

Last Sold September 20, 2019

Last sale price $160,000 $36 Per Sq Ft

About This Home

As of September 2019

This 8-unit property is perfect both for established investors who are looking to add to an existing multi-family portfolio and for those who are looking to step up from single family and duplexes. 7 of the 8 units have been rehabbed: all-new hot water heaters, wall heaters have been repaired or replaced, new security doors, new flooring, inspected and repaired electrical and plumbing, and roof replaced in 2016.

Last Agent to Sell the Property

Patrick Bingham

Keller Williams License #326814 Listed on: 07/03/2019

Last Buyer's Agent

Jacob Laurence

Keller Williams License #339121

Keller Williams

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1960

Lot Details

  • 0.33 Acre Lot

Home Design

  • 4,500 Sq Ft Home
  • Brick Exterior Construction

Parking

  • Parking Available
  • Gravel Driveway

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for some utilities, pet depost
  • Assessor Parcel Number 029049 00006C

Community Details

Overview

  • 8 Units
  • James E Grantham Re Subdivision

Security

  • Security Lighting

Property Details

Home Type

Apartment

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MLS Map #: 748C
  • MAAR Subdivision Name: JAMES E GRANTHAM
  • Freestanding: Yes
  • List Price Per Sq Ft: 40
  • Price Per Sq Ft: 484848.48
  • Estimated Sq Ft: 4500
  • Year Built: 1960
  • Construction: Brick/Veneer
  • List Price Per Unit: 22437.5
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Equipment: Smoke Detector(s)

Exterior Features

  • Miscellaneous Exterior: Sidewalks, Security Lighting

Garage/Parking

  • Parking Facility: Gravel, 1 Per Unit

Utilities

  • Hot Water: Gas, Public Water
  • Cooling Systems: 1 Window Unit per Unit
  • Heating Systems: Wall Heat

Lot Info

  • Lot Number: 1
  • Acreage: 0.33
  • Lot Size: 167/50 + 117.04 X 88.53/76.3
  • Price Per Acre: 543939

Rental Info

  • Actual Annual Rent: 32400
  • Tenant Pays: Some Utilities, Pet Depost
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 029049 00006C

Multi Family

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

Range of Values:

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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
09/20/2019 09/20/19 Sold $160,000 -10.9% $36 / Sq Ft
07/03/2019 07/03/19 For Sale $179,500 -- $40 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Patrick Bingham

    Keller Williams

  • Jacob Laurence

    Buyer's Agent in 2019

    Jacob Laurence

    Keller Williams

    (901) 734-8006

    2 in this area

    55 Total Sales

    Jacob Laurence
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10056503

Memphis Area Association of REALTORS®
Tennessee Shelby County Memphis 38114 Orange Mound

1277 Airways Blvd, Memphis, TN

This home is located at 1277 Airways Blvd, Memphis, TN 38114 since 03 July 2019. This property was built in 1960. 1277 Airways Blvd is a home located in Shelby County with nearby schools including Melrose High School, Hanley School - Elementary, and Hanley Schoool - Middle.

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