NOT LISTED FOR SALE
6 Beds
1 Bath
3,144 Sq Ft
1952 Built

Sale Details

Date Sold: September 26, 2025

Last sale price $188,000 $60 Per Sq Ft

446 Days on Market

Highlights

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

About This Home

As of September 2025

***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.

Last Agent to Sell the Property

Randall Weatherall

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

Last Buyer's Agent

Randall Weatherall

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

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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

  • Tenant pays for electric
  • Month-to-Month Lease Term
  • Assessor Parcel Number 027006 00029

Property Details

Home Type

Apartment

Year Built

Built in 1952

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • 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
  • Type of Unit: 1 BR - 1 Bath

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Sep 25, 2025
Sold by
Bought by
Seller's Agent
Randall Weatherall
Memphis Metro Realty
Buyer's Agent
Randall Weatherall
Memphis Metro Realty
List Price
$245,000
Sold Price
$188,000
Premium/Discount to List
-$57,000
-23.27%
Views
65

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,400
Outstanding Balance
$130,862
Interest Rate
6.58%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 30, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2017
Sold by
Bought by

Purchase Details

Closed on
Oct 11, 2016
Sold by
Bought by

Purchase Details

Closed on
Feb 2, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,329
Interest Rate
5.69%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$188,000 Local Title
$105,000 Close Trak Closing & Title S
-- None Available
-- None Available
-- None Available
$45,000 Edco Title & Closing Service
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $150,400
Previous Owner $250,000
Previous Owner $42,329
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/26/2025 09/26/25 Sold $188,000 -8.3% $60 / Sq Ft
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®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,719 $101,080 $10,960 $90,120
2024 $2,331 $68,760 $7,320 $61,440
2023 $4,189 $68,760 $7,320 $61,440
2022 $4,189 $68,760 $7,320 $61,440
2021 $4,238 $68,760 $7,320 $61,440
2020 $870 $12,000 $7,320 $4,680
2019 $384 $12,000 $7,320 $4,680
2018 $384 $12,000 $7,320 $4,680
2017 $393 $12,000 $7,320 $4,680
2016 $460 $10,520 $0 $0
2014 $460 $10,520 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10174536

Memphis Area Association of REALTORS®
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