NOT LISTED FOR SALE
12 Beds
-- Bath
6,048 Sq Ft
0.48 Acre Lot

Sale Details

Date Sold: August 8, 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

  • 20,909 Sq Ft 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2024
Sold by
Bought by

Purchase Details

Listed on
Apr 5, 2017
Closed on
Aug 10, 2017
Sold by
Bought by
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Jeffrey Moore
Crye-Leike Commercial
List Price
$199,000
Sold Price
$147,500
Premium/Discount to List
-$51,500
-25.88%

Purchase Details

Listed on
Feb 17, 2015
Closed on
Sep 30, 2015
Sold by
Bought by
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Jeffrey Moore
Crye-Leike Commercial
List Price
$189,000
Sold Price
$142,000
Premium/Discount to List
-$47,000
-24.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.16%

Purchase Details

Closed on
Jun 19, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
0.11%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 6, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 1, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$147,500 Title Assurance & Escrow Inc
$142,000 Title & Escrow Svcs Inc
$40,000 --
$25,000 Security Title Company Inc
$35,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $712,000
Closed $39,000
Closed $35,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,913 $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
2014 $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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