NOT LISTED FOR SALE

1435 Madison Ave Memphis, TN 38104

Midtown Memphis Neighborhood
10 Beds
-- Bath
8,757 Sq Ft
1912 Built

Last Sold February 28, 2014

Last sale price $365,000 $42 Per Sq Ft

43 Days on Market

Highlights

  • Efficiency Studio
  • Washer and Dryer
  • Partially Carpeted
  • Laundry Facilities

About This Home

As of February 2014

11 unit apartment building priced at $35k per unit. Curb Appeal, Brick Exterior, Good Condition, Easy to Lease, 100% Occupied, Good Midtown Location. Drive by the property before calling to schedule a showing, advanced notice to show.

Last Agent to Sell the Property

Chris Garland

Crye-Leike, Inc., REALTORS License #232993 Listed on: 01/15/2014

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Brandon Kamm

Revid Investments, LLC License #297627

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1912

Lot Details

  • Lot Dimensions are 63.5 x 154.5

Parking

  • Off-Site Parking

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 8,757 Sq Ft Home
  • 2-Story Property
  • Efficiency Studio
  • Partially Carpeted
  • Washer and Dryer

Basement

  • Partial Basement
  • Crawl Space

Utilities

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

Listing and Financial Details

  • Tenant pays for security deposit
  • Month-to-Month Lease Term
  • Assessor Parcel Number 017023 00005

Community Details

Overview

  • 11 Units
  • Witt Blk 2 Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $3,000
  • Utility Expense $16,800
  • Operating Expense $36,000
  • Gross Income $1,200

Property Details

Home Type

Apartment

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MAAR Subdivision Name: WITT BLK 2
  • Freestanding: Yes
  • Number Of Stories: 2
  • Estimated Sq Ft: 8757
  • Year Built: 1912
  • Construction: Brick/Veneer
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Partial Carpet

Exterior Features

  • Foundation: Conventional/Crawl Space, Partial Basement
  • Roof: Composition, Shingle/Shake

Garage/Parking

  • Parking Facility: Offsite/Street

Utilities

  • Hot Water: Gas, Public Water, Public Sewer
  • Cooling Systems: 1 Window Unit per Unit
  • Heating Systems: Gas, Wall Heat
  • Laundry: Common Laundry, Equipment Owned

Lot Info

  • Lot Number: 5
  • Lot Size: 63.5 X 154.5

Rental Info

  • Actual Annual Rent: 79560
  • Tenant Pays: Security Deposit
  • Type Of Leases: Monthly, Year

Tax Info

  • Assessor Parcel Number: 017023 00005

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 11
  • Number Efficiency Studio Units: 1
  • Type of Unit: Efficiency/Studio, 1 BR - 1 Bath

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Prior Sale
02/28/2014 02/28/14 Sold $365,000 -5.2% $42 / Sq Ft
02/27/2014 02/27/14 Pending -- -- --
01/15/2014 01/15/14 For Sale $385,000 +29.0% $44 / Sq Ft
05/25/2012 05/25/12 Sold $298,500 -0.5% $30 / Sq Ft View Prior Sale
04/11/2012 04/11/12 Pending -- -- --
03/22/2012 03/22/12 For Sale $300,000 -- $31 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $6,103 $199,880 $48,400 $151,480
2024 $6,103 $180,040 $37,200 $142,840
2023 $10,967 $180,040 $37,200 $142,840
2022 $10,967 $180,040 $37,200 $142,840
2021 $11,096 $180,040 $37,200 $142,840
2020 $10,901 $150,440 $37,200 $113,240
2019 $10,901 $150,440 $37,200 $113,240
2018 $10,901 $150,440 $37,200 $113,240
2017 $6,183 $150,440 $37,200 $113,240
2016 $4,788 $109,560 $0 $0
2014 $4,788 $109,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Garland

    Seller's Agent in 2014

    Chris Garland

    Crye-Leike

    (901) 338-3226

    7 in this area

    120 Total Sales

    Chris Garland
    Section Image

  • B

    Buyer's Agent in 2014

    Brandon Kamm

    Revid Investments, LLC

    (901) 485-4848

    1 in this area

    19 Total Sales

    Brandon Kamm
    Section Image

  • D

    Seller's Agent in 2012

    David Da Ponte

    Sowell, Realtors

    (901) 278-4380

    24 in this area

    191 Total Sales

    David Da Ponte
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3288604

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

1435 Madison Ave, Memphis, TN

Not Listed for Sale

MultiFamily

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