NOT LISTED FOR SALE

449 E Georgia Ave Memphis, TN 38126

Downtown Memphis Neighborhood

Estimated Value: $75,812 - $125,000

16 Beds
1 Bath
-- Sq Ft
0.32 Acre Lot

Sale Details

Date Sold: October 30, 2015

Last sale price $55,000

Est. 83% increase in value since last sale

Current estimated payment $596 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1970

Lot Details

  • 13,939 Sq Ft 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2015
Closed on
Dec 2, 2015
Sold by
Bought by
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
$100,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,406
Avg. Annual Appreciation
5.71%

Purchase Details

Listed on
Jul 10, 2015
Closed on
Oct 28, 2015
Sold by
Bought by
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
Bought by
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
Bought by

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
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Downtown Memphis, TN

  • Fontaine Albritton Real Estate Agent - Crye-Leike, Inc., REALTORS

    Fontaine Albritton

    Crye-Leike, Inc., REALTORS

    (901) 437-5465

    95 Total Sales

    2 in Downtown Memphis

    $105K - $985K Price Range

    Fontaine Albritton
     Section Image
  • Amanda Lee Real Estate Agent - McWaters & Associates

    Amanda Lee

    McWaters & Associates

    (901) 763-8191

    119 Total Sales

    1 in Downtown Memphis

    $345,000 Price

    Amanda Lee
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  • Jason Miller Real Estate Agent - eXp Realty, LLC

    Jason Miller

    Responds Quickly

    eXp Realty, LLC

    (901) 531-9258

    237 Total Sales

    2 in Downtown Memphis

    $158K - $220K Price Range

    Jason Miller
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  • Hugh Mallory Real Estate Agent - Marx-Bensdorf, REALTORS

    Hugh Mallory

    Marx-Bensdorf, REALTORS

    (901) 979-7032

    83 Total Sales

    1 in Downtown Memphis

    $182,000 Price

    Hugh Mallory
     Section Image
  • Africa McCloy Real Estate Agent - Crye-Leike, Inc., REALTORS

    Africa McCloy

    Crye-Leike, Inc., REALTORS

    (901) 350-2528

    131 Total Sales

    2 in Downtown Memphis

    $220K - $245K Price Range

    Africa McCloy
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  • Kim Golden Real Estate Agent - Mint Realty Group

    Kim Golden

    Mint Realty Group

    (901) 267-0906

    68 Total Sales

    1 in Downtown Memphis

    $229,000 Price

    Kim Golden
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$38,300 Attorney
$67,900 Saddle Creek Title Llc
$20,000 Preferred Title And Escrow L
$68,000 Multiple
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $536 $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

  • RA

    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

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® Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
Some or all of the listings displayed may not belong to the firm whose website is being visited.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.

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