NOT LISTED FOR SALE
12 Beds
-- Bath
6,048 Sq Ft
20,909 Sq Ft

Last Sold August 08, 2017

Last sale price $147,500 $24 Per Sq Ft

64 Days on Market

Highlights

  • 0.48 Acre Lot
  • 1-Story Property
  • Garden Home
  • Vinyl Flooring

About This Home

As of August 2017

This 12 unit building is located near Booming Downtown Memphis. All the units are 1 bedroom 1 bathroom. The scheduled monthly income is $4,200 per month. The building is currently 25% occupied and is in need of minor rehab.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 04/05/2017

Crye-Leike Commercial

Last Buyer's Agent

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 04/05/2017

Crye-Leike Commercial

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 0.48

Parking

  • Paved Parking

Home Design

  • Garden Home
  • Brick Exterior Construction
  • Slab Foundation
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • 6,048 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring

Additional Features

  • 0.48 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 12 Units
  • Overton Subdivision

Listing and Financial Details

  • Tenant pays for some utilities
  • Assessor Parcel Number 011004 00013

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0.48 Acres

Listing Details

  • Class: Multi-Family
  • Type: Flat/Garden Units
  • MAAR Subdivision Name: OVERTON
  • Freestanding: Yes
  • List Price Per Sq Ft: 30
  • Number Of Stories: 1
  • Estimated Sq Ft: 6048
  • Year Built: 1951
  • Construction: Brick/Veneer
  • List Price Per Unit: 14916.67
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Vinyl Floor

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake, Pitched

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Public Water, Public Sewer
  • Heating Systems: Wall Heat

Lot Info

  • Lot Number: 229and230
  • Acreage: 0.48
  • Lot Size: 120X176.6/177.4
  • Improved Sq Ft: 6048
  • Land Sq Ft: 21240

Rental Info

  • Actual Annual Rent: 40320
  • Leaseable Sq Ft: 6048
  • Tenant Pays: Some Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 011004 00013

Multi Family

  • Perc Occ: 25
  • Total Number Of Units: 12
  • 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
08/08/2017 08/08/17 Sold $147,500 -25.9% $24 / Sq Ft
06/08/2017 06/08/17 Pending -- -- --
04/05/2017 04/05/17 For Sale $199,000 +40.1% $33 / Sq Ft
10/28/2015 10/28/15 Sold $142,000 -24.9% $23 / Sq Ft View Prior Sale
10/27/2015 10/27/15 Pending -- -- --
02/17/2015 02/17/15 For Sale $189,000 -- $31 / 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 -- $219,800 $37,720 $182,080
2024 $2,176 $64,200 $26,960 $37,240
2023 $3,911 $64,200 $26,960 $37,240
2022 $3,911 $64,200 $26,960 $37,240
2021 $3,957 $64,200 $26,960 $37,240
2020 $2,533 $34,960 $26,960 $8,000
2019 $2,533 $34,960 $26,960 $8,000
2018 $2,695 $34,960 $26,960 $8,000
2017 $1,437 $34,960 $26,960 $8,000
2016 $1,038 $23,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9999298

Memphis Area Association of REALTORS®
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