NOT LISTED FOR SALE

4417 Powell Ave Memphis, TN 38122

Berclair Neighborhood
120 Beds
-- Bath
51,329 Sq Ft
3.67 Acres

Last Sold March 29, 2019

Last sale price $2,200,000 $43 Per Sq Ft

Highlights

  • 3.67 Acre Lot
  • Central Heating and Cooling System
  • Laundry Facilities
  • Tile Flooring

About This Home

As of March 2019

Presented is an amazing value add apartment complex. Current vacancy is around 50% but with minimal rehab vacancy and NOI could increased substantially. Located in the booming Berclair (38122)...this property will not only increase in value but rents could be increased over $100 a unit (there is a solid comp directly across the street). Fully renovated this property will produce annual gross rents of $504,000 with an ARV close to $4,000,000 plus based on recent comps!

Last Agent to Sell the Property

Patrick Bingham

Keller Williams License #326814 Listed on: 03/22/2019

Last Buyer's Agent

Alexander Hugo

Reedy & Company, REALTORS License #340563

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1966

Lot Details

  • 3.67

Parking

  • Paved Parking

Home Design

  • 51,329 Sq Ft Home
  • Apartment
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Flooring

  • Partially Carpeted
  • Tile
  • Vinyl

Utilities

  • Central Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Additional Features

  • Washer and Dryer Hookup
  • 3.67 Acre Lot

Listing and Financial Details

  • Tenant pays for all utilities

Community Details

Overview

  • 60 Units
  • Waring Park Condominium Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MLS Map #: 753A
  • MAAR Subdivision Name: Waring Park Condominium
  • Freestanding: Yes
  • List Price Per Sq Ft: 43
  • Price Per Sq Ft: 599455.04
  • Estimated Sq Ft: 51329
  • Year Built: 1966
  • Construction: Brick
  • List Price Per Unit: 36666.67
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floors/Ceilings: Tile, Vinyl Floor, Partial Carpet
  • Appliances Equipment: Refrigerator

Exterior Features

  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Electrical
  • Cooling Systems: Central, 1 Window Unit per Unit
  • Heating Systems: Central, Wall Heat
  • Laundry: Connections, Common Laundry

Lot Info

  • Acreage: 3.67
  • Lot Size: 3.607AC
  • Price Per Acre: 599455

Rental Info

  • Actual Annual Rent: 250980
  • Tenant Pays: All Utilities
  • Type Of Leases: Monthly

Multi Family

  • Perc Occ: 50
  • Total Number Of Units: 60
  • Number2 Bedroom Units: 60
  • Type of Unit: 2 BR - 1 Bath

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
03/29/2019 03/29/19 Sold $2,200,000 0.0% $43 / Sq Ft
03/22/2019 03/22/19 Pending -- -- --
03/22/2019 03/22/19 For Sale $2,200,000 -- $43 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Patrick Bingham

    Keller Williams

  • A

    Buyer's Agent in 2019

    Alexander Hugo

    Reedy & Company, REALTORS

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10048524

Memphis Area Association of REALTORS®
Tennessee Shelby County Memphis 38122 Berclair

4417 Powell Ave, Memphis, TN

This home is located at 4417 Powell Ave, Memphis, TN 38122 since 22 March 2019. This property was built in 1966. 4417 Powell Ave is a home located in Shelby County with nearby schools including Berclair Elementary School, Kingsbury High School, and Treadwell Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Memphis Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.

Nearby Homes