NOT LISTED FOR SALE
7 Beds
-- Bath
5,240 Sq Ft
0.31 Acres

Last Sold December 17, 2021

Last sale price $650,000 $124 Per Sq Ft

2 Days on Market

Highlights

  • Efficiency Studio
  • Hot Water Heating System
  • Vinyl Flooring

About This Home

As of December 2021

This 8 unit building is located in Midtown! The units are mostly 1 bedrooms. The scheduled monthly rental income is $5655 per month. Drive by only. Please do not disturb residents. Make any offer contingent on inspection.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 10/19/2021

Crye-Leike Commercial

Last Buyer's Agent

David Da Ponte

Sowell, Realtors License #278752

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1912

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 77x180

Parking

  • Paved Parking

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 5,240 Sq Ft Home
  • 2-Story Property
  • Efficiency Studio
  • Built-In Range
  • Vinyl Flooring
  • Crawl Space

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Hot Water Heating System
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for some utilities
  • Assessor Parcel Number 030029 00009

Community Details

Overview

  • 8 Units
  • Higbee Heights Subdivision

Building Details

  • Insurance Expense $3,600
  • Utility Expense $1,800

Property Details

Home Type

Apartment

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MAAR Subdivision Name: HIGBEE HEIGHTS
  • Freestanding: Yes
  • List Price Per Sq Ft: 133
  • Number Of Stories: 2
  • Estimated Sq Ft: 5240
  • Year Built: 1912
  • Construction: Vinyl Siding
  • List Price Per Unit: 87375
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Vinyl Floor
  • Appliances Equipment: Refrigerator, Range/Oven (Built-In)

Exterior Features

  • Foundation: Conventional/Crawl Space
  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Gas, Individual System
  • Cooling Systems: 2+ Window Units per Unit
  • Heating Systems: Wall Heat

Lot Info

  • Lot Number: 149 &PTS
  • Acreage: 0.31
  • Lot Size: 77X180
  • Improved Sq Ft: 5240
  • Land Sq Ft: 13939

Rental Info

  • Leaseable Sq Ft: 5240
  • Tenant Pays: Some Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 030029 00009

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 8
  • Number Efficiency Studio Units: 1
  • Type of Unit: Efficiency/Studio, 1 BR - 1 Bath

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft Prior Sale
12/17/2021 12/17/21 Sold $650,000 -7.0% $124 / Sq Ft
10/21/2021 10/21/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $699,000 +79.2% $133 / Sq Ft
08/16/2019 08/16/19 Sold $390,000 -13.1% $74 / Sq Ft View Prior Sale
03/18/2019 03/18/19 Pending -- -- --
03/14/2019 03/14/19 For Sale $449,000 -- $86 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $5,176 $150,240 $27,720 $122,520
2024 $5,176 $152,680 $19,400 $133,280
2023 $9,301 $152,680 $19,400 $133,280
2022 $9,301 $152,680 $19,400 $133,280
2021 $5,267 $152,680 $19,400 $133,280
2020 $8,356 $115,320 $19,400 $95,920
2019 $3,686 $115,320 $19,400 $95,920
2018 $3,686 $115,320 $19,400 $95,920
2017 $3,773 $115,320 $19,400 $95,920
2016 $4,755 $108,800 $0 $0
2014 $5,265 $120,480 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10110999

Memphis Area Association of REALTORS®