$535,000
PENDING

374 N Dunlap St Memphis, TN 38105

Crosstown Neighborhood

Estimated payment $3,489/month

Total Views 8,624
10 Beds
-- Bath
-- Sq Ft
-- Price per Sq Ft

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

Home Details

Home Type

  • Single Family

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

  • Lane Subdivision

Building Details

Home Details

Home Type

Single Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MLS Map #: 741E
  • MAAR Subdivision Name: Lane
  • Freestanding: Yes
  • Number Of Stories: 1
  • Year Built: 1959
  • Construction: Brick
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Tile, Wood Laminate Floors
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding), Smoke Detector(s)

Exterior Features

  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Parking Facility: Gravel, Offsite/Street

Utilities

  • Hot Water: Electrical
  • Cooling Systems: Electrial
  • Heating Systems: Electrical

Lot Info

  • Lot Size: 0.34 acres
  • Improved Sq Ft: 5000
  • Land Sq Ft: 14850
  • Geo Subdivision: TN

Rental Info

  • Actual Annual Rent: 56340
  • Tenant Pays: Electric, Gas, Trash Collection
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 051014 00047

Multi Family

  • Perc Occ: 80
  • Total Number Of Units: 10
  • Number1 Bedroom Units: 10
  • Type of Unit: 1 BR - 1 Bath

Map

Range of Values:

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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 Change Sq Ft Price
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% $70 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
07/10/2021 07/10/21 For Sale $420,000 +663.6% $84 / Sq Ft
02/22/2013 02/22/13 Sold $55,000 -20.3% $11 / Sq Ft
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®

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Source: Memphis Area Association of REALTORS®

MLS Number: 10184186

Memphis Area Association of REALTORS®

Tennessee Shelby County Memphis 38105 Crosstown

374 N Dunlap St, Memphis, TN

This home is located at 374 N Dunlap St, Memphis, TN 38105 and is currently priced at $535,000. This property was built in 1959. 374 N Dunlap St is a home located in Shelby County with nearby schools including Bruce Elementary School, Manassas High School, and Memphis Scholars Caldwell-Guthrie.

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Nearby Homes
Listing Agent
Jessica Sewell
Section Image
Prime Real Estate Group
(901) 621-4718