Seller's Agent in 2024
Traci Braden
Braden, Braden & Braden LLC
(901) 830-6632
1 in this area
14 Total Sales
655 E Mclemore Ave Memphis, TN 38106
South Memphis Neighborhood
8
Beds
--
Bath
4,600
Sq Ft
8,276
Sq Ft Lot
About This Home
As of April 2024The 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
Braden, Braden & Braden LLC License #352872 Listed on: 12/06/2023
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
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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 |
|---|---|---|---|---|---|
| 04/16/2024 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
| 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 | $403 | $43,640 | $5,120 | $38,520 |
| 2024 | -- | $11,880 | $4,920 | $6,960 |
| 2023 | $724 | $11,880 | $4,920 | $6,960 |
| 2022 | $724 | $11,880 | $4,920 | $6,960 |
| 2021 | $732 | $11,880 | $4,920 | $6,960 |
| 2020 | $791 | $10,920 | $4,920 | $6,000 |
| 2019 | $791 | $10,920 | $4,920 | $6,000 |
| 2018 | $791 | $10,920 | $4,920 | $6,000 |
| 2017 | $449 | $10,920 | $4,920 | $6,000 |
| 2016 | $624 | $14,280 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Traci Braden
-
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
-
Lisa Nelson
Seller's Agent in 2012
Lisa Nelson
Exit Wise Master-Builders Real
(901) 246-5395
3 in this area
98 Total Sales
-
T
Buyer's Agent in 2012
Toni Smith
BHHS Taliesyn Realty
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10162170
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