NOT LISTED FOR SALE

655 E Mclemore Ave Memphis, TN 38106

South Memphis Neighborhood
8 Beds
-- Bath
4,600 Sq Ft
8,276 Sq Ft Lot

Last Sold April 16, 2024

Last sale price $86,000 $19 Per Sq Ft

130 Days on Market

About This Home

As of April 2024

The asset at 655 E McLemore is a four-unit value-add property. The property is currently running at a 25% occupancy, with all of the units in need of full renovations. Each unit is two bedrooms with one full bathroom. The current tenant is paying $375 a month. The market rent for this unit type is approximately $700-$800 a month. Renovations are recommended to generate the market rent which is attainable due to the location of the property.

Last Agent to Sell the Property

Traci Braden

Braden, Braden & Braden LLC License #352872 Listed on: 12/06/2023

Co-Listed By

Curtis Braden, CCIM

Braden, Braden & Braden LLC License #284224

Last Buyer's Agent

Curtis Braden, CCIM

Braden, Braden & Braden LLC License #284224

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 50 x 170

Parking

  • Paved Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • 4,600 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Community Details

  • 4 Units
  • Pond Subdivision

Listing and Financial Details

  • Tenant pays for gas, electric
  • Assessor Parcel Number 025043 00004

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Fourplex
  • MAAR Subdivision Name: POND
  • Freestanding: Yes
  • Number Of Stories: 2
  • Estimated Sq Ft: 4600
  • Year Built: 1936
  • Construction: Brick
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout

Exterior Features

  • Foundation: Full Basement
  • Roof: Shingle/Shake, Pitched

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Public Water
  • Laundry: Connections

Lot Info

  • Lot Number: 17
  • Acreage: 0.19
  • Lot Size: 50 X 170

Rental Info

  • Tenant Pays: Gas, Electric

Tax Info

  • Assessor Parcel Number: 025043 00004

Multi Family

  • Total Number Of Units: 4
  • Number2 Bedroom Units: 4
  • Type of Unit: 2 BR - 1 Bath

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/16/2024 04/16/24 Sold $86,000 -28.3% $19 / Sq Ft
12/06/2023 12/06/23 For Sale $120,000 +263.6% $26 / Sq Ft
05/04/2012 05/04/12 Sold $33,000 -17.5% $7 / Sq Ft View Prior Sale
03/19/2012 03/19/12 Pending -- -- --
04/04/2011 04/04/11 For Sale $39,999 -- $9 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Traci Braden

    Seller's Agent in 2024

    Traci Braden

    Braden, Braden & Braden LLC

    (901) 830-6632

    1 in this area

    14 Total Sales

    Traci Braden
    Section Image
  • Curtis Braden, CCIM

    Seller Co-Listing Agent in 2024

    Curtis Braden, CCIM

    Braden, Braden & Braden LLC

    (901) 323-1925

    1 in this area

    21 Total Sales

    Curtis Braden, CCIM
    Section Image
  • Lisa Nelson

    Seller's Agent in 2012

    Lisa Nelson

    Exit Wise Master-Builders Real

    (901) 246-5395

    3 in this area

    97 Total Sales

    Lisa Nelson
    Section Image

  • T

    Buyer's Agent in 2012

    Toni Smith

    BHHS Taliesyn Realty

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10162170

Memphis Area Association of REALTORS®
Tennessee Shelby County Memphis 38106 South Memphis

655 E Mclemore Ave, Memphis, TN

Not Listed for Sale

MultiFamily

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