J
Seller's Agent in 2023
Jessica Sewell
Prime Real Estate Group
605 E Mclemore Ave Memphis, TN 38106
South Memphis Neighborhood
72
Beds
--
Bath
11,388
Sq Ft
21,344
Sq Ft Lot
About This Home
As of April 202336 unit apartment complex in Stax Museum area (Opportunity Zone!). All units are 2 bed/1 bath. Current scheduled monthly income is $14,700. Serious upside in rents across the board plus 7 vacant units for immediate upside in gross monthly rent. Sale to include the 2 parcels the buildings are on, plus 5 vacant parcels behind the property as well, a total of 1.348 acres. Taxes on MLS autofill only one parcel - buyers can request full info from listing agent.
Last Agent to Sell the Property
Jessica Sewell
Prime Real Estate Group License #362061 Listed on: 09/20/2022
Last Buyer's Agent
Jessica Sewell
Prime Real Estate Group License #362061 Listed on: 09/20/2022
Property Details
Home Type
- Apartment
Year Built
- Built in 1963
Lot Details
- 0.49
Home Design
- Brick Exterior Construction
- Slab Foundation
- Pitched Roof
- Composition Roof
Interior Spaces
- 11,388 Sq Ft Home
- 2-Story Property
- Sheet Rock Walls or Ceilings
- Ceiling height between 8 to 10 feet
- Free-Standing Range
Flooring
- Partially Carpeted
- Tile
Parking
- Over 1 Space Per Unit
- Gravel Driveway
- Paved Parking
Utilities
- Window Unit Cooling System
- Heating System Uses Gas
- Heating System Mounted To A Wall or Window
- Gas Water Heater
Listing and Financial Details
- Tenant pays for all utilities
Community Details
Overview
- 2 Buildings
- 36 Units
- Trigg Subdivision
Building Details
- Insurance Expense $12,000
- Utility Expense $720
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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 | Prior Sale |
|---|---|---|---|---|---|
| 04/18/2023 04/18/23 | Sold | $1,500,000 | -14.3% | $132 / Sq Ft | |
| 03/17/2023 03/17/23 | Pending | -- | -- | -- | |
| 10/19/2022 10/19/22 | Price Changed | $1,750,000 | -20.5% | $154 / Sq Ft | |
| 09/20/2022 09/20/22 | For Sale | $2,200,000 | +621.3% | $193 / Sq Ft | |
| 04/04/2016 04/04/16 | Sold | $305,000 | -17.3% | $13 / Sq Ft | View Prior Sale |
| 02/19/2016 02/19/16 | Pending | -- | -- | -- | |
| 02/09/2016 02/09/16 | For Sale | $369,000 | -- | $16 / 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 | $2,073 | $72,840 | $12,840 | $60,000 |
| 2024 | -- | $61,160 | $12,400 | $48,760 |
| 2023 | $3,726 | $61,160 | $12,400 | $48,760 |
| 2022 | $3,726 | $61,160 | $12,400 | $48,760 |
| 2021 | $1,659 | $61,160 | $12,400 | $48,760 |
| 2020 | $4,151 | $57,280 | $12,400 | $44,880 |
| 2019 | $1,831 | $57,280 | $12,400 | $44,880 |
| 2018 | $1,831 | $57,280 | $12,400 | $44,880 |
| 2017 | $1,874 | $57,280 | $12,400 | $44,880 |
| 2016 | $2,381 | $54,480 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Jeffrey Moore
Seller's Agent in 2016
Jeffrey Moore
Crye-Leike
(901) 409-5671
4 in this area
78 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10133887
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