NOT LISTED FOR SALE
8 Beds
-- Bath
-- Sq Ft
10,890 Sq Ft Lot

Last Sold December 13, 2018

Last sale price $51,000

41 Days on Market

About This Home

As of December 2018

Spacious 8 unit apartment building in the heart of Memphis. Great investment opportunity. Walking distance to shopping and restaurants. Property has been cleaned out and boarded up for security. With just a little TLC, this property is cash flow ready. Each unit is 1 bedroom, 1 bath. All brick exterior. Seller has added fence for security.

Last Agent to Sell the Property

Stephen Mansour

REMAX Experts License #323281 Listed on: 10/19/2018

REMAX Experts

Last Buyer's Agent

Stephen Mansour

REMAX Experts License #323281 Listed on: 10/19/2018

REMAX Experts

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1960

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 75 x 146.75

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Community Details

  • 8 Units
  • Rembert Subdivision

Listing and Financial Details

  • Assessor Parcel Number 051007 00033

Property Details

Home Type

Apartment

Year Built

Built in 1960

Lot Details

0.25 Acres

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MAAR Subdivision Name: REMBERT
  • Freestanding: Yes
  • Year Built: 1960
  • Construction: Brick
  • List Price Per Unit: 7375
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Lot Info

  • Lot Number: 25
  • Acreage: 0.25
  • Lot Size: 75 X 146.75

Tax Info

  • Assessor Parcel Number: 051007 00033

Multi Family

  • Total Number Of Units: 8
  • Type of Unit: 1 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
12/13/2018 12/13/18 Sold $51,000 -13.6% --
11/02/2018 11/02/18 Price Changed $59,000 -13.2% --
10/26/2018 10/26/18 Price Changed $68,000 -9.2% --
10/19/2018 10/19/18 For Sale $74,900 +294.2% --
01/20/2016 01/20/16 Sold $19,000 -62.0% $5 / Sq Ft View Prior Sale
10/01/2015 10/01/15 Pending -- -- --
05/15/2015 05/15/15 For Sale $50,000 -- $13 / 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 -- $25,600 $13,200 $12,400
2024 -- $21,480 $8,800 $12,680
2023 $1,308 $21,480 $8,800 $12,680
2022 $1,308 $21,480 $8,800 $12,680
2021 $583 $21,480 $8,800 $12,680
2020 $1,458 $20,120 $8,800 $11,320
2019 $643 $20,120 $8,800 $11,320
2018 $643 $20,120 $8,800 $11,320
2017 $658 $20,120 $8,800 $11,320
2016 $836 $19,120 $0 $0
2014 $836 $19,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10039079

Memphis Area Association of REALTORS®
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