NOT LISTED FOR SALE

3945 Macon Rd Memphis, TN 38122

Berclair Neighborhood
48 Beds
-- Bath
20,640 Sq Ft
1.4 Acres

Last Sold September 09, 2022

Last sale price $1,650,000 $80 Per Sq Ft

45 Days on Market

Highlights

  • 1.4 Acre Lot
  • Central Heating and Cooling System
  • Partially Carpeted

About This Home

As of September 2022

Newly renovated apartment homes situated in Berclair. This complex is conveniently located just a few minutes away from Sam Cooper Blvd, providing easy access to major thoroughfares. Located less than 10 minutes away from the University of Memphis, Rhodes College, Christian Brother University, and Southwest Tenn Macon Campus.

The apartment complex has undergone a complete renovation and is now available for immediate occupancy. Each unit has been updated with modern kitchens that include a refrigerator, range, dishwasher, and microwave. The bathrooms and flooring have also been updated. Additionally, energy-efficient updates have been implemented, including ceiling fans, new roofs with ridge cap venting on each building, and updated AC units in many of the units. Each unit also includes washer and dryer connections for added convenience.

Conveniently located, residents can enjoy the convenience of shopping and great dining options on Summer Ave, which is just a short drive away. Furthermore, a well-established Memphis grocery store is located just across the street from the complex, providing easy access to daily necessities.

Last Agent to Sell the Property

Yvonne Spencer

Keller Williams License #361348 Listed on: 06/13/2022

Keller Williams

Co-Listed By

Curtis Braden, CCIM

Braden, Braden & Braden LLC License #284224

Last Buyer's Agent

Karen Lynn

REMAX Experts License #266352

REMAX Experts

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1975

Lot Details

  • 1.4 Acre Lot
  • Lot Dimensions are 160 x 387.2

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Pitched Roof

Interior Spaces

  • 20,640 Sq Ft Home
  • Partially Carpeted
  • Washer and Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for gas, electric
  • Assessor Parcel Number 038094 00006

Community Details

Overview

  • 24 Units
  • Graham Square Apts Project Subdivision

Building Details

Home Details

Home Type

Single Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MLS Map #: 752E
  • MAAR Subdivision Name: GRAHAM SQUARE APARTMENTS
  • Freestanding: Yes
  • List Price Per Sq Ft: 107
  • Price Per Sq Ft: 1178571.43
  • Estimated Sq Ft: 20640
  • Year Built: 1975
  • Construction: Brick
  • List Price Per Unit: 91666.67
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floors/Ceilings: Partial Carpet

Exterior Features

  • Foundation: Slab
  • Roof: Pitched

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Electrical
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Connections

Lot Info

  • Lot Number: 4
  • Acreage: 1.4
  • Lot Size: 160 X 387.2
  • Price Per Acre: 1571429
  • Land Sq Ft: 61898

Rental Info

  • Actual Annual Rent: 158400
  • Tenant Pays: Gas, Electric
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 038094 00006

Multi Family

  • Perc Occ: 98
  • Total Number Of Units: 24
  • Number2 Bedroom Units: 24
  • Type of Unit: 2 BR - 1+ Baths

Range of Values:

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Sold Price
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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
08/07/2023 08/07/23 For Rent $850 0.0% --
07/13/2023 07/13/23 For Rent $850 0.0% --
06/20/2023 06/20/23 For Rent $850 0.0% --
04/27/2023 04/27/23 Price Changed $850 -5.0% $1 / Sq Ft
03/08/2023 03/08/23 Price Changed $895 +62.7% $1 / Sq Ft
03/07/2023 03/07/23 For Rent $550 0.0% --
09/09/2022 09/09/22 Sold $1,650,000 -25.0% $80 / Sq Ft
06/13/2022 06/13/22 For Sale $2,200,000 -- $107 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Yvonne Spencer

    Seller's Agent in 2022

    Yvonne Spencer

    Keller Williams

    (901) 205-6413

    2 in this area

    38 Total Sales

    Yvonne Spencer
    Section Image
  • Curtis Braden, CCIM

    Seller Co-Listing Agent in 2022

    Curtis Braden, CCIM

    Braden, Braden & Braden LLC

    (901) 323-1925

    1 in this area

    26 Total Sales

    Curtis Braden, CCIM
    Section Image
  • Karen Lynn

    Buyer's Agent in 2022

    Karen Lynn

    RE/MAX

    (901) 513-3038

    Section Image
  • Roland Mittag

    Buyer Co-Listing Agent in 2022

    Roland Mittag

    RE/MAX

    (901) 672-3648

    1 in this area

    5 Total Sales

    Roland Mittag
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10126246

Memphis Area Association of REALTORS®

Tennessee Shelby County Memphis 38122 Berclair

3945 Macon Rd, Memphis, TN

This home is located at 3945 Macon Rd, Memphis, TN 38122 since 13 June 2022. This property was built in 1975. 3945 Macon Rd is a home located in Shelby County with nearby schools including Grahamwood Elementary School, Kingsbury High School, and Treadwell Middle School.

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