$1,450,000
PENDING $150K PRICE DROP

Estimated payment $9,459/month

Total Views 5,866
22 Beds
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Mini Split Air Conditioners
  • Hot Water Heating System
  • Wood Fence
  • Security Gate
  • Laundry Facilities
  • Vinyl Flooring

About This Home

Welcome to Sunny Grove Apartments! This 22-unit listing is two buildings and one graveled parking lot. Building addresses are 1680 Kansas St (12 units) and 1686 Kansas St (10 units) and lot address is 1683 Kansas. It is a fully renovated and stabilized property that would be perfect for a 1031 exchange or any investor looking for a low-maintenance, cash-flowing property. $13,305 current monthly rent. Owner is offering a 1-year income guarantee. More information can be found on Loopnet and Crexi.

Listing Agent

Jacob Laurence

Keller Williams License #339121 Listed on: 05/08/2022

Keller Williams

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1954

Lot Details

  • Lot Dimensions are 72.38 x 243.7
  • Wood Fence

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Flooring

  • Vinyl Flooring

Parking

  • Parking Available
  • Gravel Driveway
  • Paved Parking

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 050051 00001

Community Details

Overview

  • 22 Units
  • South Memphis Land Co Subdivision

Amenities

  • Laundry Facilities

Building Details

Home Details

Home Type

Single Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MLS Map #: 747A
  • MAAR Subdivision Name: SOUTH MEMPHIS LAND CO
  • Freestanding: Yes
  • Year Built: 1954
  • Construction: Brick
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floors/Ceilings: Vinyl Floor

Exterior Features

  • Foundation: Laundry Facility, Slab
  • Roof: Composition
  • Miscellaneous Exterior: Sidewalks, Wood Fence, Security Gate

Garage/Parking

  • Parking Facility: 1 Per Unit, Concrete, Gravel

Utilities

  • Hot Water: Electrical, Individual System
  • Cooling Systems: Electrial, Individual Cooling
  • Heating Systems: Electrical, Individual Systems
  • Laundry: Common Laundry

Association/Amenities

  • Amenities: Security System, Dumpster, Privacy Walls/Fences

Lot Info

  • Lot Size: 72.38 X 243.7

Rental Info

  • Actual Annual Rent: 159660
  • Leaseable Sq Ft: 10560
  • Tenant Pays: Security Deposit, Some Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 050051 00001

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 22
  • Number1 Bedroom Units: 22
  • Type of Unit: 1 BR - 1 Bath

Map

Range of Values:

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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
06/26/2025 06/26/25 Sold $1,222,000 -5.3% $212 / Sq Ft
05/01/2025 05/01/25 Pending -- -- --
04/11/2025 04/11/25 Price Changed $1,290,000 -4.4% $224 / Sq Ft
04/01/2025 04/01/25 For Sale $1,350,000 0.0% $234 / Sq Ft
03/23/2025 03/23/25 Pending -- -- --
03/14/2025 03/14/25 For Sale $1,350,000 -6.9% $234 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
05/26/2022 05/26/22 Price Changed $1,450,000 -9.4% --
05/08/2022 05/08/22 For Sale $1,600,000 +213.7% --
10/29/2021 10/29/21 Sold $510,000 -10.4% $89 / Sq Ft
10/14/2021 10/14/21 Pending -- -- --
10/08/2021 10/08/21 Price Changed $569,000 -36.4% $99 / Sq Ft
09/18/2021 09/18/21 For Sale $895,000 +155.7% $155 / Sq Ft
12/01/2020 12/01/20 Sold $350,000 -12.3% $27 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
07/30/2020 07/30/20 Price Changed $399,000 -10.3% $31 / Sq Ft
06/26/2020 06/26/20 Price Changed $445,000 -1.1% $34 / Sq Ft
05/30/2020 05/30/20 For Sale $450,000 -10.0% $35 / Sq Ft
04/16/2019 04/16/19 Sold $500,000 -9.1% $25 / Sq Ft
02/13/2019 02/13/19 Price Changed $550,000 -7.5% $28 / Sq Ft
12/14/2018 12/14/18 Price Changed $594,900 -0.9% $30 / Sq Ft
09/10/2018 09/10/18 For Sale $600,000 -- $30 / Sq Ft
Source: Memphis Area Association of REALTORS®

Source: Memphis Area Association of REALTORS®

MLS Number: 10123510

Memphis Area Association of REALTORS®