Seller's Agent in 2019
Curtis Braden, CCIM
Braden, Braden & Braden LLC
(901) 323-1925
1 in this area
21 Total Sales
596 S Danny Thomas Blvd Memphis, TN 38126
South City Neighborhood
22
Beds
--
Bath
7,824
Sq Ft
17,424
Sq Ft
About This Home
As of November 201914-unit (Six 1BR/1BA & Eight 2BR/1BA) renovated apartment bldg in Downtown Memphis by the new Foote Homes South City $250 Million redevelopment on Danny Thomas Blvd & less than 1 mile from the $950 Million Union Row Development! Walking distance to FedEx Forum & located in one of Memphis’ Opportunity Zones.This unique property has a 14% CAP rate, gross rental income of $72,200 & 100% occupied (solid tenants). All units renovated in 2018 w/new water heaters, laminate hardwood floor, ceramic tile!
Last Agent to Sell the Property
Braden, Braden & Braden LLC License #284224 Listed on: 08/13/2019
Property Details
Home Type
- Apartment
Year Built
- Built in 1962
Lot Details
- 0.4 Acre Lot
Home Design
- Slab Foundation
- Shingle Roof
Interior Spaces
- 7,824 Sq Ft Home
- Wood Flooring
Parking
- Gravel Driveway
- Off-Site Parking
Utilities
- Window Unit Cooling System
- Heating System Mounted To A Wall or Window
- Gas Water Heater
Community Details
- 14 Units
- Dearing Blk 4 Subdivision
Listing and Financial Details
- Tenant pays for all utilities
- Assessor Parcel Number 011016 00041
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/15/2019 11/15/19 | Sold | $435,000 | -3.3% | $56 / Sq Ft |
| 08/13/2019 08/13/19 | For Sale | $450,000 | -- | $58 / Sq Ft |
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 | $6,225 | $197,880 | $37,640 | $160,240 |
| 2024 | $6,225 | $183,640 | $14,800 | $168,840 |
| 2023 | $11,187 | $183,640 | $14,800 | $168,840 |
| 2022 | $11,187 | $183,640 | $14,800 | $168,840 |
| 2021 | $11,318 | $183,640 | $14,800 | $168,840 |
| 2020 | $2,551 | $35,200 | $14,800 | $20,400 |
| 2019 | $1,125 | $35,200 | $14,800 | $20,400 |
| 2018 | $1,125 | $35,200 | $14,800 | $20,400 |
| 2017 | $1,152 | $35,200 | $14,800 | $20,400 |
| 2016 | $1,454 | $33,280 | $0 | $0 |
| 2014 | $1,454 | $33,280 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Curtis Braden, CCIM
-
Randall Weatherall
Buyer's Agent in 2019
Randall Weatherall
Memphis Metro Realty
(731) 487-5843
1 in this area
202 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10059765
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