NOT LISTED FOR SALE
5 Beds
5 Baths
2,320 Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: April 1, 2022

Last sale price $230,000 $99 Per Sq Ft

9 Days on Market

Highlights

  • Central Heating and Cooling System
  • Vinyl Flooring
  • 1-Story Property

About This Home

As of April 2022

Rare opportunity to beat the 1% rule of investing with this fully occupied (as of time of listing) 4 unit property in neighborhood that is trending upwards in values. 100% occupied. This property brings in $2800. Owner pays all utilities (average is $450 mo) for a net of $2350. Property has 2 duplexes ($850, $650, $650, $650) Many updates through including: fresh paint inside and outside, updated flooring, new kitchen cabinets, updated landscaping and much more (updates attached to MLS)

Last Agent to Sell the Property

Houston Richmond

C21 Patterson & Assoc. Real Es License #325750 Listed on: 02/04/2022

C21 Patterson & Assoc. Real Es

Last Buyer's Agent

Anna Acosta Snyder

Centric Realty LLC License #357277

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 10,890 Sq Ft Lot
  • Lot Dimensions are 73x150

Parking

  • Gravel Driveway

Home Design

  • Composition Roof

Interior Spaces

  • 2,320 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Crawl Space

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 038042 00030

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Highland Heights Blk 12 Subdivision

Building Details

  • Utility Expense $5,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0.25 Acres

Listing Details

  • Class: Multi-Family
  • MAAR Subdivision Name: HIGHLAND HEIGHTS BLK 12
  • Freestanding: Yes
  • List Price Per Sq Ft: 108
  • Number Of Stories: 1
  • Estimated Sq Ft: 2320
  • Year Built: 1919
  • List Price Per Unit: 62500
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Vinyl Floor

Exterior Features

  • Foundation: Conventional/Crawl Space
  • Roof: Composition

Garage/Parking

  • Parking Facility: Gravel

Utilities

  • Cooling Systems: Central
  • Heating Systems: Central, Gas

Lot Info

  • Lot Number: 1
  • Acreage: 0.25
  • Lot Size: 73X150

Tax Info

  • Assessor Parcel Number: 038042 00030

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 4
  • Number2 Bedroom Units: 1
  • Type of Unit: Unfurnished

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

Listed on
Feb 4, 2022
Closed on
Apr 1, 2022
Sold by
Davis Allen Group Of Tennessee Llc
Bought by
Seller's Agent
Houston Richmond
C21 Patterson & Assoc. Real Es
Buyer's Agent
Anna Acosta Snyder
Centric Realty LLC
List Price
$250,000
Sold Price
$230,000
Premium/Discount to List
-$20,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,500
Outstanding Balance
$150,118
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 10, 2026
Closed on
Oct 13, 2021
Sold by
Hpm Properties Llc
Bought by
Davis Allen Group Of Tn
List Price
$226,000
Sold Price
$226,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.80%

Purchase Details

Listed on
Apr 5, 2021
Closed on
Mar 1, 2021
Sold by
Helios Group 1 Llc
Bought by
Hpm Properties Llc
Seller's Agent
Elizabeth Glosson
Fast Track Realty
Buyer's Agent
Elizabeth Glosson
Fast Track Realty
List Price
$69,500
Sold Price
$70,000
Premium/Discount to List
$500
0.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
895.54%

Purchase Details

Listed on
Oct 8, 2018
Closed on
May 20, 2019
Sold by
Rhynes Lawyer
Bought by
Helios Group Llc
Seller's Agent
Christine Abston
REMAX Experts
Buyer's Agent
Elizabeth Glosson
Fast Track Realty, LLC
List Price
$160,000
Sold Price
$65,500
Premium/Discount to List
-$94,500
-59.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.58%

Purchase Details

Closed on
Apr 30, 2001
Sold by
Beard Calvin Ray and Thomas Gloria B
Bought by
Rhynes Lawyer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,900
Interest Rate
6.95%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$230,000 Executive Title & Closing
Davis Allen Group Of Tn $226,000 None Available
Hpm Properties Llc $110,000 None Available
Helios Group Llc $116,500 Mid South Title
Rhynes Lawyer $42,000 Southern Escrow Title Compan
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
Open $163,500
Previous Owner Rhynes Lawyer $39,900
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
08/10/2026 08/10/26 For Sale $226,000 +225.2% --
12/02/2025 12/02/25 For Sale $69,500 -69.8% $29 / Sq Ft
04/01/2022 04/01/22 Sold $230,000 -8.0% $99 / Sq Ft
02/13/2022 02/13/22 Pending -- -- --
02/04/2022 02/04/22 For Sale $250,000 +10.6% $108 / Sq Ft
10/13/2021 10/13/21 Sold $226,000 0.0% -- View Prior Sale
10/13/2021 10/13/21 Sold $226,000 0.0% $97 / Sq Ft View Prior Sale
10/13/2021 10/13/21 Pending -- -- --
09/17/2021 09/17/21 For Sale $226,000 +222.9% $97 / Sq Ft
04/09/2021 04/09/21 Sold $70,000 0.0% $29 / Sq Ft View Prior Sale
04/09/2021 04/09/21 Sold $70,000 +0.7% $32 / Sq Ft View Prior Sale
04/05/2021 04/05/21 Pending -- -- --
03/26/2021 03/26/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $69,500 +6.1% $32 / Sq Ft
05/20/2019 05/20/19 Sold $65,500 0.0% $33 / Sq Ft View Prior Sale
04/15/2019 04/15/19 Price Changed $65,500 +0.8% $33 / Sq Ft
03/18/2019 03/18/19 Price Changed $65,000 -2.3% $33 / Sq Ft
03/03/2019 03/03/19 Price Changed $66,500 -7.0% $33 / Sq Ft
11/20/2018 11/20/18 Price Changed $71,500 -1.4% $36 / Sq Ft
10/25/2018 10/25/18 Price Changed $72,500 -54.7% $36 / Sq Ft
10/08/2018 10/08/18 For Sale $160,000 -- $80 / 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 $2,549 $94,760 $8,760 $86,000
2024 $871 $25,680 $1,800 $23,880
2023 $1,564 $25,680 $1,800 $23,880
2022 $1,564 $25,680 $1,800 $23,880
2021 $697 $25,680 $1,800 $23,880
2020 $2,604 $48,280 $1,800 $46,480
2019 $511 $15,975 $1,125 $14,850
2018 $1,543 $48,280 $9,840 $38,440
2017 $1,579 $48,280 $9,840 $38,440
2016 $1,975 $45,200 $0 $0
2014 $1,975 $45,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10116945

Memphis Area Association of REALTORS®
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