NOT LISTED FOR SALE
150 Beds
-- Bath
67,518 Sq Ft
1.54 Acres

Last Sold June 08, 2018

Last sale price $775,000 $11 Per Sq Ft

18 Days on Market

Highlights

  • 1.54 Acre Lot
  • Central Heating and Cooling System
  • Vinyl Flooring

About This Home

As of June 2018

This 5 building multifamily property portfolio near Graceland is in need of major rehab. Most of the buildings are currently vacant. There are 6- 1 bedroom and 78-2 bedrooms with central heating and air.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 05/21/2018

Crye-Leike Commercial

Last Buyer's Agent

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 05/21/2018

Crye-Leike Commercial

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1962

Lot Details

  • 1.54 Acre Lot

Parking

  • Off-Site Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Pitched Roof
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 67,518 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring
  • Crawl Space
  • Free-Standing Range

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • 5 Buildings
  • 78 Units
  • Graceland Subdivision

Listing and Financial Details

  • Tenant pays for some utilities
  • Assessor Parcel Number 078075 00006

Property Details

Home Type

Apartment

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MAAR Subdivision Name: GRACELAND
  • Freestanding: Yes
  • List Price Per Sq Ft: 11
  • Number Of Stories: 2
  • Estimated Sq Ft: 67518
  • Year Built: 1962
  • Construction: Brick/Veneer
  • List Price Per Unit: 9935.9
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Vinyl Floor
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding)

Exterior Features

  • Foundation: Conventional/Crawl Space
  • Roof: Composition, Shingle/Shake, Pitched, Flat

Garage/Parking

  • Parking Facility: Offsite/Street

Utilities

  • Hot Water: Gas
  • Cooling Systems: Central
  • Heating Systems: Central

Lot Info

  • Lot Number: 30
  • Acreage: 1.54
  • Lot Size: 94,056

Rental Info

  • Tenant Pays: Some Utilities

Tax Info

  • Assessor Parcel Number: 078075 00006

Multi Family

  • Perc Occ: 10
  • Total Number Of Units: 78
  • Number2 Bedroom Units: 72
  • Type of Unit: 1 BR - 1 Bath, 2 BR - 1 Bath

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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 List to Sale Price per Sq Ft
06/08/2018 06/08/18 Sold $775,000 -39.2% $11 / Sq Ft
06/08/2018 06/08/18 Pending -- -- --
05/21/2018 05/21/18 For Sale $1,275,000 -- $19 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $5,054 $190,080 $30,360 $159,720
2024 $5,054 $149,080 $30,360 $118,720
2023 $9,081 $149,080 $30,360 $118,720
2022 $9,081 $149,080 $30,360 $118,720
2021 $5,143 $149,080 $30,360 $118,720
2020 $9,907 $136,720 $30,360 $106,360
2019 $4,370 $136,720 $30,360 $106,360
2018 $4,370 $136,720 $30,360 $106,360
2017 $4,473 $136,720 $30,360 $106,360
2016 $5,938 $135,880 $0 $0
2014 $5,938 $135,880 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10027547

Memphis Area Association of REALTORS®