$400,000
SOLD APR 19, 2024

2381 Forrest Ave Memphis, TN 38112

Binghampton Neighborhood
4 Beds
-- Bath
4,054 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$99 Per Sq Ft

8% Below List Price

94 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • Community Storage Space

About This Home

As of April 2024

Experience luxury living in this charming quadruplex property. The Four 1 bed/1 bath units measures 1013 Sq Ft, providing ample space and comfort with a total of 4,054 Sq Ft. This property offers a unique investment opportunity, with 3 units available for short-term rental and 1 occupied by a long-term tenant for steady income. For security, the property features Ultraloq Smart Locks are on all entrances. Don't miss out on this opportunity.

Last Agent to Sell the Property

Jonathan Minerick

homecoin.com License #357494

Last Buyer's Agent

Thomas Zettergren

Premier Realty Group, LLC License #350202

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1922

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x132.5
  • Property fronts a highway

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Tile Roof

Interior Spaces

  • 4,054 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Flooring
  • Crawl Space

Kitchen

  • Built-In Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Mini Split Heat Pump
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cleaning fees
  • Month-to-Month Lease Term
  • Ask Agent About Lease Term
  • Weekly Lease Term
  • Assessor Parcel Number 033001 00043

Community Details

Overview

  • 4 Units
  • Misses Hanson Subdivision

Amenities

  • Community Storage Space

Property Details

Home Type

Apartment

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • Mobile Homes Amenities: TV - Owned
  • MLS Map #: 744I
  • MAAR Subdivision Name: MISSES HANSON
  • Number Of Stories: 2
  • Price Per Sq Ft: 2666666.67
  • Estimated Sq Ft: 4054
  • Year Built: 1922
  • Construction: Brick
  • List Price/ Sq Ft: 102
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout
  • Appliances Equipment: Refrigerator, Range/Oven (Built-In), Dishwasher, Exhaust Fan/Vent Hood, Microwave

Exterior Features

  • Foundation: Conventional/Crawl Space
  • Roof: Tile
  • Miscellaneous Exterior: Highway Frontage, Ceiling Fan(s)

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Gas
  • Cooling Systems: 1 Window Unit per Unit
  • Heating Systems: Individual Systems
  • Laundry: Washer in Unit, Dryer in Unit

Association/Amenities

  • Amenities: Cable T.V., Security System, Extra Storage, Pet Restrictions

Lot Info

  • Lot Number: 9
  • Acreage: 0.15
  • Lot Size: 50X132.5
  • Price Per Acre: 2766667
  • Improved Sq Ft: 4500
  • Land Sq Ft: 6534

Rental Info

  • Actual Annual Rent: 70000
  • Leaseable Sq Ft: 4054
  • Tenant Pays: Cleaning Fees
  • Type Of Leases: Daily, Weekly, Monthly, 6 Month

Tax Info

  • Assessor Parcel Number: 033001 00043

Multi Family

  • Perc Occ: 70
  • Total Number Of Units: 4
  • Number1 Bedroom Units: 4
  • Type of Unit: 1 BR - 1 Bath

Map

Range of Values:

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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
04/19/2024 04/19/24 Sold $400,000 -3.6% $99 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
12/22/2023 12/22/23 Price Changed $415,000 -4.6% $102 / Sq Ft
12/02/2023 12/02/23 For Sale $435,000 +26.1% $107 / Sq Ft
12/14/2021 12/14/21 Sold $345,000 +3.0% $85 / Sq Ft
09/27/2021 09/27/21 For Sale $335,000 +276.4% $83 / Sq Ft
10/24/2013 10/24/13 Sold $89,000 -6.3% $22 / Sq Ft
10/04/2013 10/04/13 Pending -- -- --
08/15/2013 08/15/13 For Sale $95,000 -- $23 / Sq Ft
Source: Memphis Area Association of REALTORS®

Source: Memphis Area Association of REALTORS®

MLS Number: 10161938

Memphis Area Association of REALTORS®

Tennessee Shelby County Memphis 38112 Binghampton

2381 Forrest Ave, Memphis, TN

Homes for Sale in Memphis, TN

This home is located at 2381 Forrest Ave, Memphis, TN 38112 and is currently priced at $400,000, approximately $98 per square foot. This property was built in 1922. 2381 Forrest Ave is a home located in Shelby County with nearby schools including Brewster Elementary School, Treadwell Middle School, and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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