NOT LISTED FOR SALE

1711 Pendleton St Memphis, TN 38114

Orange Mound Neighborhood
135 Beds
-- Bath
35,564 Sq Ft
2.66 Acres

Last Sold December 29, 2023

Last sale price $1,700,000 $48 Per Sq Ft

105 Days on Market

About This Home

As of December 2023

Rare 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

John Cornes

Braden, Braden & Braden LLC License #303183 Listed on: 09/14/2023

Co-Listed By

Curtis Braden, CCIM

Braden, Braden & Braden LLC License #284224

Last Buyer's Agent

John Cornes

Braden, Braden & Braden LLC License #303183 Listed on: 09/14/2023

Home Details

Home Type

  • Single Family

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

  • 78 Units

Listing and Financial Details

  • Tenant pays for some utilities, gas, electric
  • Assessor Parcel Number 047073 00028

Home Details

Home Type

Single Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MLS Map #: 757F
  • MAAR Subdivision Name: Orange Mound
  • Freestanding: Yes
  • Number Of Stories: 2
  • Price Per Sq Ft: 639097.74
  • Estimated Sq Ft: 35564
  • Year Built: 1963
  • Construction: Brick/Veneer
  • List Price/ Sq Ft: 55
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Exterior Features

  • Roof: Shingle/Shake, Pitched

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Lot Info

  • Acreage: 2.66
  • Lot Size: 2.66
  • Price Per Acre: 733083
  • Improved Sq Ft: 54124
  • Land Sq Ft: 115652

Rental Info

  • Tenant Pays: Some Utilities, Gas, Electric

Tax Info

  • Assessor Parcel Number: 047073 00028

Multi Family

  • Total Number Of Units: 78
  • Number1 Bedroom Units: 22
  • Number2 Bedroom Units: 55
  • Number3 Bedroom Units: 1
  • Type of Unit: 1 BR - 1 Bath, 2 BR - 1 Bath, 3 BR - 1 Bath

Range of Values:

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Average Value
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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 Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Cornes

    Seller's Agent in 2023

    John Cornes

    Braden, Braden & Braden LLC

    (901) 268-8333

    2 in this area

    76 Total Sales

    John Cornes
    Section Image
  • Curtis Braden, CCIM

    Seller Co-Listing Agent in 2023

    Curtis Braden, CCIM

    Braden, Braden & Braden LLC

    (901) 323-1925

    2 in this area

    23 Total Sales

    Curtis Braden, CCIM
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10156756

Memphis Area Association of REALTORS®

Tennessee Shelby County Memphis 38114 Orange Mound

1711 Pendleton St, Memphis, TN

This home is located at 1711 Pendleton St, Memphis, TN 38114 since 14 September 2023. This property was built in 1963. 1711 Pendleton St is a home located in Shelby County with nearby schools including Dunbar Elementary School, Sherwood Middle, and Melrose High School.

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