Seller's Agent in 2026
Terrance Hill
eXp Realty, LLC
(901) 691-2722
1 in this area
92 Total Sales
486 E Georgia Ave Memphis, TN 38126
South City Neighborhood
20
Beds
--
Bath
6,150
Sq Ft
0.35
Acre Lot
About This Home
As of February 2026Investment opportunity in a fully renovated and fully occupied 10-unit apartment building. Each unit offers 2 bedrooms and 1 bathroom with space. Strong rental history and consistent occupancy make this an ideal acquisition for any investor. All tenants are on flexible month-to-month leases, giving a new owner multiple options for strategy and repositioning. No showings without an accepted offer. Please do not disturb tenants.
Property Details
Home Type
- Apartment
Year Built
- Built in 1966
Lot Details
- 15,246 Sq Ft Lot
Parking
- Paved Parking
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 6,150 Sq Ft Home
- Ceiling height between 8 to 10 feet
- Fire and Smoke Detector
Flooring
- Tile
- Vinyl
Utilities
- Heating System Uses Gas
- Gas Water Heater
Community Details
- 2 Buildings
- 10 Units
- John Brown Subdivision
Listing and Financial Details
- Tenant pays for all utilities
- Assessor Parcel Number 011016 00027C
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
Jan 5, 2026
Closed on
Feb 27, 2026
Sold by
Bought by
Seller's Agent
Terrance Hill
eXp Realty, LLC
Buyer's Agent
Dylan Patel
Grand Point Realty, LLC
List Price
$550,000
Sold Price
$490,000
Premium/Discount to List
-$60,000
-10.91%
Views
59
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
0.0609%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jan 25, 2021
Sold by
Bought by
Purchase Details
Closed on
Jul 14, 2015
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
$8,652
Interest Rate
0.0404%
Mortgage Type
Unknown
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
0.0425%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $490,000 | None Listed On Document | ||
| -- | None Available | ||
| $20,000 | Saddle Creek Title Llc | ||
| $68,000 | Multiple |
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 |
|---|---|---|---|
| Closed | $392,000 | ||
| Closed | $8,652 | ||
| Closed | $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 |
|---|---|---|---|---|
| 02/27/2026 02/27/26 | Sold | $490,000 | -10.9% | $80 / Sq Ft |
| 02/24/2026 02/24/26 | For Sale | $550,000 | 0.0% | $89 / Sq Ft |
| 01/19/2026 01/19/26 | Pending | -- | -- | -- |
| 01/05/2026 01/05/26 | For Sale | $550,000 | -- | $89 / Sq Ft |
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 | $1,011 | $37,600 | $33,920 | $3,680 |
| 2024 | $599 | $17,680 | $13,280 | $4,400 |
| 2023 | $1,077 | $17,680 | $13,280 | $4,400 |
| 2022 | $1,077 | $17,680 | $13,280 | $4,400 |
| 2021 | $610 | $17,680 | $13,280 | $4,400 |
| 2020 | $1,194 | $16,480 | $13,280 | $3,200 |
| 2019 | $527 | $16,480 | $13,280 | $3,200 |
| 2018 | $527 | $16,480 | $13,280 | $3,200 |
| 2017 | $539 | $16,480 | $13,280 | $3,200 |
| 2016 | $680 | $15,560 | $0 | $0 |
| 2014 | $680 | $15,560 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Terrance Hill
-
Dylan Patel
Buyer's Agent in 2026
Dylan Patel
Grand Point Realty, LLC
(901) 826-8712
1 in this area
10 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10212188
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.
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.
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