Seller's Agent in 2023
John Cornes
Braden, Braden & Braden LLC
(901) 268-8333
4 in this area
73 Total Sales
1711 Pendleton St Memphis, TN 38114
Orange Mound Neighborhood
135
Beds
--
Bath
35,564
Sq Ft
2.66
Acres
About This Home
As of December 2023Rare opportunity for a value-add complex, just 10 minutes to FedEx & Memphis Airport, 10 Minutes to Downtown, Memphis 5 Minutes to U of M, and centrally located. Nearby schools, access to Expressway 78 units. Scheduled Gross Rental Income is $833,000. Owner willing to seller finance. 6 Units currently occupied w/ average rent of $375/mo.
Last Agent to Sell the Property
Braden, Braden & Braden LLC License #303183 Listed on: 09/14/2023
Property Details
Home Type
- Apartment
Year Built
- Built in 1963
Lot Details
- 2.66 Acre Lot
Parking
- Paved Parking
Home Design
- Brick Exterior Construction
- Pitched Roof
- Shingle Roof
Interior Spaces
- 35,564 Sq Ft Home
- 2-Story Property
Community Details
- 2 Buildings
- 78 Units
Listing and Financial Details
- Tenant pays for some utilities, gas, electric
- Assessor Parcel Number 047073 00028
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/29/2023 12/29/23 | Sold | $1,700,000 | -12.8% | $48 / Sq Ft |
| 09/14/2023 09/14/23 | For Sale | $1,950,000 | -- | $55 / 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 | $16,570 | $492,840 | $64,440 | $428,400 |
| 2024 | $16,570 | $488,800 | $61,560 | $427,240 |
| 2023 | $29,776 | $488,800 | $61,560 | $427,240 |
| 2022 | $29,776 | $488,800 | $61,560 | $427,240 |
| 2021 | $35,389 | $488,800 | $61,560 | $427,240 |
| 2020 | $18,819 | $259,720 | $61,560 | $198,160 |
| 2019 | $8,301 | $259,720 | $61,560 | $198,160 |
| 2018 | $8,301 | $259,720 | $61,560 | $198,160 |
| 2017 | $8,497 | $259,720 | $61,560 | $198,160 |
| 2016 | $5,323 | $121,800 | $0 | $0 |
| 2014 | $6,232 | $142,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
John Cornes
-
Curtis Braden, CCIM
Seller Co-Listing Agent in 2023
Curtis Braden, CCIM
Braden, Braden & Braden LLC
(901) 323-1925
3 in this area
21 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10156756
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