374 N Dunlap St Memphis, TN 38105
Crosstown NeighborhoodEstimated payment $3,135/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
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 | $2,972 | $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
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 |
|---|---|---|---|---|---|
| 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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