374 N Dunlap St Memphis, TN 38105
Crosstown NeighborhoodEstimated payment $2,824/month
Highlights
- Cooling Available
- Heating Available
- 1-Story Property
- Tile Flooring
About This Home
Located in a strong rental neighborhood, this value-add investment is strategically positioned for a new buyer. The opportunity provides a new investor with the ability to achieve significant upside from a well-located asset. The property is located just 1 block from the Medical District and 1 mile from the Crosstown Concourse. Nicely manicured with an open, U shaped layout, the property feels large and welcoming. All units feature 1 bedroom and 1 bathroom. The current owner has fully renovated 6 of the 10 units along with other capital improvements, including window, plumbing, and electrical updates, as well as a new roof in 2022. A few upgrades and some well-placed capital improvements by a new investor can significantly drive both rents and long-term value.
Listing Agent
Jessica Sewell
Prime Real Estate Group License #362061 Listed on: 10/29/2024
Property Details
Home Type
- Apartment
Year Built
- Built in 1959
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 1-Story Property
- Fire and Smoke Detector
- Free-Standing Range
Flooring
- Laminate
- Tile
Parking
- Gravel Driveway
- Off-Site Parking
Utilities
- Cooling Available
- Heating Available
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 051014 00047
Community Details
Overview
- 10 Units
- Lane Subdivision
Building Details
- Insurance Expense $4,911
- Utility Expense $1,920
Map
Home Values in the Area
Average Home Value in this Area
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 | $910 | $110,480 | $17,840 | $92,640 |
| 2024 | $910 | $26,840 | $11,880 | $14,960 |
| 2023 | $1,635 | $26,840 | $11,880 | $14,960 |
| 2022 | $1,635 | $26,840 | $11,880 | $14,960 |
| 2021 | $728 | $26,840 | $11,880 | $14,960 |
| 2020 | $1,823 | $25,160 | $11,880 | $13,280 |
| 2019 | $804 | $25,160 | $11,880 | $13,280 |
| 2018 | $804 | $25,160 | $11,880 | $13,280 |
| 2017 | $823 | $25,160 | $11,880 | $13,280 |
| 2016 | $1,045 | $23,920 | $0 | $0 |
| 2014 | $1,045 | $23,920 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/25/2024 11/25/24 | Pending | -- | -- | -- | |
| 10/29/2024 10/29/24 | For Sale | $535,000 | +52.9% | -- | |
| 10/01/2021 10/01/21 | Sold | $350,000 | -16.7% | -- | View Prior Sale |
| 10/01/2021 10/01/21 | Pending | -- | -- | -- | |
| 07/10/2021 07/10/21 | For Sale | $420,000 | +663.6% | -- | |
| 02/22/2013 02/22/13 | Sold | $55,000 | -20.3% | $11 / Sq Ft | View Prior Sale |
| 01/30/2013 01/30/13 | Pending | -- | -- | -- | |
| 09/17/2012 09/17/12 | For Sale | $69,000 | -- | $14 / Sq Ft |
Source: Memphis Area Association of REALTORS®
MLS Number: 10184186
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