$350,000
SOLD OCT 1, 2021
10 Beds
-- Bath
5,000 Sq Ft
0.34 Acres

Recently Sold

$70 Per Sq Ft

17% Below List Price

11 Days on Market

About This Home

As of October 2021

Great investment property within walking distance to downtown. This is a 10 Unit property, all units are 1 bedroom 1 bath. 6 units are currently rented at $525 per month with one year leases. 4 units are unoccupied and need renovation. All tenants pay rent and if are late pay late fees. Agent has personal interest in property.

Last Agent to Sell the Property

Curtis Bleeker

KAIZEN Realty, LLC License #337285 Listed on: 07/10/2021

KAIZEN Realty, LLC

Last Buyer's Agent

Curtis Bleeker

KAIZEN Realty, LLC License #337285 Listed on: 07/10/2021

KAIZEN Realty, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1985

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100 x 148.5

Parking

  • Off-Site Parking

Home Design

  • 5,000 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Flooring

  • Laminate
  • Tile
  • Vinyl

Utilities

  • Electric Water Heater

Community Details

  • 10 Units
  • Lane Subdivision

Listing and Financial Details

  • Tenant pays for some utilities
  • Assessor Parcel Number 051014 00047

Home Details

Home Type

Single Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MLS Map #: 741E
  • MAAR Subdivision Name: LANE
  • Freestanding: Yes
  • List Price Per Sq Ft: 84
  • Price Per Sq Ft: 1029411.76
  • Estimated Sq Ft: 5000
  • Year Built: 1985
  • Construction: Brick
  • List Price Per Unit: 42000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floors/Ceilings: Tile, Vinyl Floor, Wood Laminate Floors

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Offsite/Street

Utilities

  • Hot Water: Electrical

Lot Info

  • Lot Number: 73-74
  • Acreage: 0.34
  • Lot Size: 100 X 148.5
  • Price Per Acre: 1235294

Rental Info

  • Tenant Pays: Some Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 051014 00047

Multi Family

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

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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®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10103783

Memphis Area Association of REALTORS®