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

Sale Details

Date 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,044 $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
2014 $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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