$204,999
PENDING $155K PRICE DROP

Estimated payment $1,288/month

Total Views 14,305
6 Beds
-- Bath
3,144 Sq Ft
$65 Price per Sq Ft

Highlights

  • Tile Flooring
  • Mini Split Air Conditioners
  • 1-Story Property

About This Home

***Price change due to foundation/subfloor repairs discovered - reduction covers costs and more!*** Just a few blocks from the burgeoning Downtown area is this 6-unit apartment building - some claim to be close to Downtown, but this one really is! 4 of the units are occupied & one is rent-ready. This building was rebuilt from the studs out in 2018 - roof, plumb., elec., all of it! Each unit has a dedicated mini-split heat/air unit and parking. Area around building is nice, with new homes & high values - current rents are $3450, but should be $4100+ when the last vacant unit is turned. Value-add potential.

Listing Agent

Randall Weatherall

Memphis Metro Realty License #348070 Listed on: 06/13/2024

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1952

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 3,144 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Washer and Dryer Hookup

Flooring

  • Laminate
  • Tile

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Electric Water Heater

Community Details

  • 6 Units
  • Charles Erck Subdivision

Listing and Financial Details

  • Month-to-Month Lease Term
  • Assessor Parcel Number 027006 00029

Property Details

Home Type

Apartment

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MLS Map #: 741D
  • MAAR Subdivision Name: Charles Erck
  • Freestanding: Yes
  • Number Of Stories: 1
  • Estimated Sq Ft: 3144
  • Year Built: 1952
  • Construction: Brick
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Tile, Wood Laminate Floors

Exterior Features

  • Foundation: Conventional/Crawl Space
  • Roof: Composition
  • Miscellaneous Exterior: Sidewalks

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Electrical, Public Water, Public Sewer
  • Cooling Systems: Individual Cooling
  • Heating Systems: Individual Systems
  • Laundry: Connections

Lot Info

  • Lot Size: 18252
  • Land Sq Ft: 18252
  • Zoning: MD-R
  • Geo Subdivision: TN

Rental Info

  • Actual Annual Rent: 41400
  • Leaseable Sq Ft: 3144
  • Tenant Pays: Electric
  • Type Of Leases: Monthly, Year

Tax Info

  • Assessor Parcel Number: 027006 00029

Multi Family

  • Perc Occ: 83
  • Total Number Of Units: 6
  • Number1 Bedroom Units: 6
  • Type of Unit: 1 BR - 1 Bath

Map

Range of Values:

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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 Change Sq Ft Price
09/02/2025 09/02/25 Pending -- -- --
08/16/2025 08/16/25 Price Changed $204,999 -16.3% $65 / Sq Ft
05/14/2025 05/14/25 For Sale $245,000 0.0% $78 / Sq Ft
05/14/2025 05/14/25 Price Changed $245,000 -18.3% $78 / Sq Ft
03/23/2025 03/23/25 Pending -- -- --
02/21/2025 02/21/25 Price Changed $300,000 -6.3% $95 / Sq Ft
07/30/2024 07/30/24 Price Changed $320,000 -11.1% $102 / Sq Ft
06/13/2024 06/13/24 For Sale $359,900 -- $114 / Sq Ft
Source: Memphis Area Association of REALTORS®

Source: Memphis Area Association of REALTORS®

MLS Number: 10174536

Memphis Area Association of REALTORS®