NOT LISTED FOR SALE
18 Beds
-- Bath
9,860 Sq Ft
0.36 Acres Lot

Sale Details

Date Sold: June 5, 2017

Last sale price $640,000 $65 Per Sq Ft

3 Days on Market

Highlights

  • 0.36 Acre Lot
  • Central Heating and Cooling System
  • Garden Home
  • Tile Flooring
  • Hot Water Heating System

About This Home

As of June 2017

This 14 unit building is located in Midtown Memphis. There are four 2 bedroom/1.5 bathroom units and 10 1 bedroom/1 bathroom units. The scheduled monthly income is $6,505 per month.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 04/04/2017

Crye-Leike Commercial

Last Buyer's Agent

Brandon Kamm

Revid Investments, LLC License #297627

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 15,682 Sq Ft Lot
  • Lot Dimensions are 100 x 157.5

Parking

  • Paved Parking

Home Design

  • Garden Home
  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 9,860 Sq Ft Home
  • 2-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for some utilities
  • Assessor Parcel Number 017039 00025C

Community Details

Overview

  • 14 Units
  • Ingleside Blk 1 Subdivision

Building Details

  • Insurance Expense $3,995
  • Utility Expense $2,882

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0.36 Acres

Listing Details

  • Class: Multi-Family
  • Type: Flat/Garden Units
  • MAAR Subdivision Name: INGLESIDE BLK 1
  • Freestanding: Yes
  • List Price Per Sq Ft: 65
  • Number Of Stories: 2
  • Estimated Sq Ft: 9860
  • Year Built: 1967
  • Construction: Brick/Veneer
  • List Price Per Unit: 45714.29
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Tile

Exterior Features

  • Foundation: Slab
  • Roof: Composition, Flat

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Individual System, Public Sewer
  • Cooling Systems: Central
  • Heating Systems: Central

Lot Info

  • Lot Number: LT 12-13
  • Acreage: 0.36
  • Lot Size: 100 X 157.5
  • Improved Sq Ft: 9860
  • Land Sq Ft: 15700

Rental Info

  • Actual Annual Rent: 74157
  • Leaseable Sq Ft: 9860
  • Tenant Pays: Some Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 017039 00025C

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 14
  • Number2 Bedroom Units: 4
  • Type of Unit: 1 BR - 1 Bath, 2 BR - 1+ Baths
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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
06/05/2017 06/05/17 Sold $640,000 0.0% $65 / Sq Ft
04/07/2017 04/07/17 Pending -- -- --
04/04/2017 04/04/17 For Sale $640,000 -- $65 / 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 $7,957 $236,360 $59,080 $177,280
2024 $7,957 $234,720 $23,320 $211,400
2023 $14,298 $234,720 $23,320 $211,400
2022 $14,298 $234,720 $23,320 $211,400
2021 $14,466 $234,720 $23,320 $211,400
2020 $10,028 $138,400 $23,320 $115,080
2019 $10,028 $138,400 $23,320 $115,080
2018 $10,028 $138,400 $23,320 $115,080
2017 $5,688 $138,400 $23,320 $115,080
2016 $4,090 $93,600 $0 $0
2014 $4,090 $93,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9999288

Memphis Area Association of REALTORS®
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