NOT LISTED FOR SALE
10 Beds
-- Bath
3,522 Sq Ft
7,405 Sq Ft Lot

Last Sold September 21, 2022

Last sale price $200,000 $57 Per Sq Ft

540 Days on Market

About This Home

As of September 2022

DO NOT DISTURB TENANTS. Professionally managed. No showings until accepted offer. This is a 5unit building, 3 units down & 2 upstairs, all the units include 2 BD, 1 BA, living room & a kitchen. Updates include new TPO roof system-2021, new front & rear exterior iron staircases-2020, repairs to the heat & air systems, plumbing, appliances, utilities, tree work, exterior wood rot & paint, windows, & more. All 5 units have been updated within the last 3 years & units 1 & 3 were completed this year.

Last Agent to Sell the Property

Benjamin Reed

Reed & Associates of Tenn, LLC License #286831 Listed on: 03/25/2021

Co-Listed By

Phillip Kemp

Reed & Associates of Tenn, LLC License #286830

Last Buyer's Agent

Jessica Sewell

Prime Real Estate Group License #362061

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1961

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150

Parking

  • Paved Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 3,522 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Vinyl

Utilities

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

Listing and Financial Details

  • Tenant pays for all utilities
  • Month-to-Month Lease Term
  • Assessor Parcel Number 041032 00026

Community Details

Overview

  • 5 Units
  • Lincoln Subdivision

Building Details

  • Insurance Expense $1,500

Property Details

Home Type

Apartment

Year Built

Built in 1961

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MAAR Subdivision Name: LINCOLN
  • Freestanding: Yes
  • List Price Per Sq Ft: 62
  • Number Of Stories: 2
  • Estimated Sq Ft: 3522
  • Year Built: 1961
  • Construction: Brick/Veneer
  • List Price Per Unit: 44000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Vinyl Floor

Exterior Features

  • Foundation: Slab
  • Roof: Flat

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Electrical, Public Water
  • Cooling Systems: 1 Window Unit per Unit
  • Heating Systems: Wall Heat
  • Laundry: Connections

Lot Info

  • Lot Number: W PT 16
  • Acreage: 0.17
  • Lot Size: 50 X 150

Rental Info

  • Tenant Pays: All Utilities
  • Type Of Leases: Monthly, Year

Tax Info

  • Assessor Parcel Number: 041032 00026

Multi Family

  • Perc Occ: 60
  • Total Number Of Units: 5
  • Number2 Bedroom Units: 5
  • Type of Unit: 2 BR - 1 Bath
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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
09/21/2022 09/21/22 Sold $200,000 -9.1% $57 / Sq Ft
08/26/2022 08/26/22 Price Changed $220,000 -2.2% $62 / Sq Ft
06/15/2022 06/15/22 For Sale $225,000 +12.5% $64 / Sq Ft
10/26/2021 10/26/21 Off Market $200,000 -- --
09/13/2021 09/13/21 Price Changed $180,000 -20.0% $51 / Sq Ft
03/25/2021 03/25/21 For Sale $225,000 +87.5% $64 / Sq Ft
09/13/2019 09/13/19 Sold $120,000 -13.7% $34 / Sq Ft View Prior Sale
06/07/2019 06/07/19 Pending -- -- --
06/04/2019 06/04/19 For Sale $139,000 +131.7% $39 / Sq Ft
11/28/2016 11/28/16 Sold $60,000 -32.6% $17 / Sq Ft View Prior Sale
09/28/2016 09/28/16 Pending -- -- --
07/31/2016 07/31/16 For Sale $89,000 -- $25 / 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 $1,690 $76,000 $9,000 $67,000
2024 $1,690 $49,840 $3,000 $46,840
2023 $3,036 $49,840 $3,000 $46,840
2022 $3,036 $49,840 $3,000 $46,840
2021 $1,352 $49,840 $3,000 $46,840
2020 $1,719 $23,720 $3,000 $20,720
2019 $758 $23,720 $3,000 $20,720
2018 $758 $23,720 $3,000 $20,720
2017 $776 $23,720 $3,000 $20,720
2016 $1,395 $31,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10095857

Memphis Area Association of REALTORS®
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