NOT LISTED FOR SALE

449 E Georgia Ave Memphis, TN 38126

Downtown Memphis Neighborhood

Estimated Value: $76,122 - $128,000

16 Beds
1 Bath
-- Sq Ft
13,939 Sq Ft

Last Sold October 30, 2015

Last sale price $55,000

Est. 86% increase in value since last sale

Current estimated payment $559/month

108 Days on Market

About This Home

As of October 2015

Potential Rent from apartments are $2,800 month! 8 Unit Apartment Complex! 4 of the units are occupied! Tenants have been there over a year! Some units need repairs - need plumbing,sheetrock and painting done ** Owner Financing Available with $25,000 Down and payments of $600/month - Total Sales Price if owner finance is used will be $75,500) To Inquire and get full details about this property Call Rodney at 901-313-0074 or go to InvestorWholesale.com - Owner/Agent

Last Agent to Sell the Property

Rodney Adams

Avidian Real Estate Co., Inc. License #275296 Listed on: 07/10/2015

Last Buyer's Agent

Rodney Adams

Avidian Real Estate Co., Inc. License #275296 Listed on: 07/10/2015

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1970

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 90x157.5

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • Sheet Rock Walls or Ceilings

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Community Details

  • 2 Buildings
  • 8 Units
  • Wright Blk 2 Subdivision

Listing and Financial Details

  • Tenant pays for some utilities
  • Assessor Parcel Number 011012 00003

Property Details

Home Type

Apartment

Year Built

Built in 1970

Lot Details

0.32 Acres

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MAAR Subdivision Name: WRIGHT BLK 2
  • Freestanding: Yes
  • Year Built: 1970
  • Construction: Brick
  • List Price Per Unit: 5987.5
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Floors/Ceilings: Dry Wall

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Concrete

Utilities

  • Hot Water: Public Water
  • Cooling Systems: 1 Window Unit per Unit
  • Heating Systems: Gas

Lot Info

  • Lot Number: 3-4-5
  • Acreage: 0.32
  • Lot Size: 90X157.5

Rental Info

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

Tax Info

  • Assessor Parcel Number: 011012 00003

Multi Family

  • Total Number Of Units: 8
  • Number2 Bedroom Units: 8
  • Type of Unit: 2 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2015
Closed on
Dec 2, 2015
Sold by
Chrysoberyl Llc
Bought by
449 E Georgia Llc and Chrysoprase Llc
Seller's Agent
Rodney Adams
Avidian Real Estate Co., Inc.
Buyer's Agent
Rodney Adams
Avidian Real Estate Co., Inc.
List Price
$47,900
Sold Price
$55,000
Premium/Discount to List
$7,100
14.82%
Current Estimated Value
$102,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,061
Avg. Annual Appreciation
6.19%

Purchase Details

Listed on
Jul 10, 2015
Closed on
Oct 28, 2015
Sold by
Adams Rodney
Bought by
Chrysoberyl Llc
Seller's Agent
Rodney Adams
Avidian Real Estate Co., Inc.
Buyer's Agent
Rodney Adams
Avidian Real Estate Co., Inc.
List Price
$47,900
Sold Price
$55,000
Premium/Discount to List
$7,100
14.82%

Purchase Details

Listed on
Jul 10, 2015
Closed on
Oct 14, 2015
Sold by
Cochran John
Bought by
Adams Rodney and 449 E Georgia Ave Land Trust
Seller's Agent
Rodney Adams
Avidian Real Estate Co., Inc.
Buyer's Agent
Rodney Adams
Avidian Real Estate Co., Inc.
List Price
$47,900
Sold Price
$55,000
Premium/Discount to List
$7,100
14.82%

Purchase Details

Closed on
Nov 15, 2013
Sold by
Lipsey Jake
Bought by
Cochran John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
4.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 31, 2008
Sold by
Townsend Rose M
Bought by
Baker Geraldine
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
449 E Georgia Llc $38,300 Attorney
Chrysoberyl Llc $67,900 Saddle Creek Title Llc
Adams Rodney $20,000 Preferred Title And Escrow L
Cochran John $68,000 Multiple
Baker Geraldine -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cochran John $28,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2015 10/30/15 Sold $55,000 +14.8% --
10/26/2015 10/26/15 Pending -- -- --
07/10/2015 07/10/15 For Sale $47,900 -- --
Source: Memphis Area Association of REALTORS®

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 $418 $19,920 $19,920 --
2024 $418 $12,320 $12,320 --
2023 $750 $12,320 $12,320 $0
2022 $750 $12,320 $12,320 $0
2021 $759 $12,320 $12,320 $0
2020 $1,174 $16,200 $12,320 $3,880
2019 $1,174 $16,200 $12,320 $3,880
2018 $1,214 $16,200 $12,320 $3,880
2017 $666 $16,200 $12,320 $3,880
2016 $669 $15,320 $0 $0
2014 $669 $15,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Rodney Adams

    Avidian Real Estate Co., Inc.

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9956374

Memphis Area Association of REALTORS®

APN: 01-1012-0-0003

Tennessee Shelby County Memphis 38126 Downtown Memphis

449 E Georgia Ave, Memphis, TN

Not Listed for Sale

MultiFamily

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