$1,290,000

3250 Guernsey Ave Memphis, TN 38112

Binghampton Neighborhood

Estimated payment $8,163/month

Total Views 3,125
34 Beds
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Excellent investment opportunity! Some units need work/rehab. Each unit is metered. Roof is less than three years old. Some units have two year old water heaters. Renovation in 2022/2023. MHA contracts in hand.

Listing Agent

Frank Colvett

REMAX Experts License #353596 Listed on: 03/20/2025

REMAX Experts

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1964

Lot Details

  • Chain Link Fence
  • Brick Fence
  • Landscaped

Parking

  • Gravel Driveway

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Vinyl Flooring

Utilities

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

Listing and Financial Details

  • Month-to-Month Lease Term
  • Assessor Parcel Number 038022 00017

Community Details

Overview

  • 18 Units
  • Dermon Resubd Of Lot 94 Subdivision

Building Details

  • Insurance Expense $9,724
  • Utility Expense $3,600

Property Details

Home Type

Apartment

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MLS Map #: 751A
  • MAAR Subdivision Name: DERMON
  • Freestanding: Yes
  • Number Of Stories: 2
  • Year Built: 1964
  • Construction: Brick
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Vinyl Floor

Exterior Features

  • Foundation: Slab
  • Roof: Flat
  • Miscellaneous Exterior: Sidewalks, Some Landscaping, Brick/Stone Fence, Chain Fence

Garage/Parking

  • Parking Facility: Gravel

Utilities

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

Association/Amenities

  • Amenities: Dumpster

Lot Info

  • Lot Number: PT 2
  • Lot Size: 0.57
  • Geo Subdivision: TN

Rental Info

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

Tax Info

  • Assessor Parcel Number: 038022 00017

Multi Family

  • Total Number Of Units: 18
  • Number1 Bedroom Units: 2
  • Number2 Bedroom Units: 16
  • Type of Unit: 1 BR - 1 Bath, 2 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
03/20/2025 03/20/25 For Sale $1,290,000 +43.3% --
06/23/2022 06/23/22 Sold $900,000 -8.1% $68 / Sq Ft
03/26/2022 03/26/22 For Sale $979,000 +242.3% $74 / Sq Ft
03/13/2018 03/13/18 Sold $286,000 -28.5% $16 / Sq Ft
12/08/2017 12/08/17 Pending -- -- --
03/24/2017 03/24/17 For Sale $399,900 -- $23 / Sq Ft
Source: Memphis Area Association of REALTORS®

Source: Memphis Area Association of REALTORS®

MLS Number: 10192434

Memphis Area Association of REALTORS®
Tennessee Shelby County Memphis 38112 Binghampton

3250 Guernsey Ave, Memphis, TN

This home is located at 3250 Guernsey Ave, Memphis, TN 38112 and is currently priced at $1,290,000. This property was built in 1964. 3250 Guernsey Ave is a home located in Shelby County with nearby schools including Treadwell Elementary School, Treadwell Middle School, and Douglass High School.

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Frank Colvett
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Frank Colvett
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