$139,901
SOLD AUG 28, 2025
2 Beds
2 Baths
1,056 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$132 Per Sq Ft

7% Below List Price

26 Days on Market

Highlights

  • Updated Kitchen
  • Porch
  • Tile Flooring
  • Traditional Architecture
  • Brick Veneer
  • Central Heating and Cooling System

About This Home

As of August 2025

Phenomenal investment opportunity! Both sides fully rented at $875/month delivering reliable cash flow day one. Situated in the heart of Memphis, this property offers unmatched convenience-minutes to Midtown, Downtown, and the Memphis Zoo. Each unit has been thoughtfully renovated with modern updates including sleek kitchens and refreshed bathrooms. Durable tile flooring graces the bathrooms while stylish wood laminate flows throughout the kitchen, living and bedroom areas. All appliances are included providing tunrkey appeal for tenants and peace of mind for investors!

Last Agent to Sell the Property

Mark Wilson

Coldwell Banker Collins-Maury License #304054 Listed on: 07/06/2025

Coldwell Banker Collins-Maury

Last Buyer's Agent

Dylan Johnson

901, REALTORS License #357650

901, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50x115
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Veneer
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,056 Sq Ft Home
  • 1-Story Property
  • Aluminum Window Frames
  • Attic Access Panel

Kitchen

  • Updated Kitchen
  • Free-Standing Range
  • Microwave

Flooring

  • Laminate
  • Tile

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • Summer Avenue Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 052065 00005

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Cross Street: Faxon
  • MAAR Subdivision Name: SUMMER AVE
  • Freestanding: Yes
  • Number Of Stories: 1
  • Estimated Sq Ft: 1056
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding), Microwave
  • Miscellaneous Interior: Attic Access

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer, Aluminum Window(s)
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Street Parking Only

Utilities

  • Cooling: Central Cooling
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 24
  • Acreage: 0.13
  • Lot Size: 50X115
  • Geo Subdivision: TN

Rental Info

  • Tenants Pay: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 052065 00005

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2025
Closed on
Aug 27, 2025
Sold by
Otto Kory and Otto Brooke
Bought by
Jared Craig Voll Trust and Voll
Seller's Agent
Mark Wilson
Coldwell Banker Collins-Maury
Buyer's Agent
Dylan Johnson
901, REALTORS
List Price
$150,000
Sold Price
$139,901
Premium/Discount to List
-$10,099
-6.73%
Views
15
Current Estimated Value
$140,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$871
Avg. Annual Appreciation
1.60%
Original Mortgage
$104,926
Outstanding Balance
$104,926
Interest Rate
6.74%
Mortgage Type
Credit Line Revolving
Estimated Equity
$35,846

Purchase Details

Listed on
Dec 30, 2022
Closed on
Feb 28, 2023
Sold by
Webber Keelon
Bought by
Otto Kory and Otto Brooke
List Price
$172,999
Sold Price
$169,500
Premium/Discount to List
-$3,499
-2.02%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.39%
Original Mortgage
$127,125
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2022
Sold by
Shelby County Chancery Court
Bought by
Webber Keelon and Robertson C

Purchase Details

Closed on
Feb 10, 2022
Sold by
Shelby County Chancery Court
Bought by
Webber Keelon

Purchase Details

Closed on
Dec 20, 2021
Sold by
Shelby County Chancery Court
Bought by
Webber Keelon and Robertson C

Purchase Details

Closed on
Jun 10, 1997
Sold by
Robertson Stacie
Bought by
Robertson Charles
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $139,901 Executive Title & Closing
Warranty Deed $169,500 Saddle Creek Title
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $38,100 Gallagher Gregory S
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $38,100 None Listed On Document
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $38,100 Gallagher Gregory S
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $104,926 Credit Line Revolving
Previous Owner $127,125 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/28/2025 08/28/25 Sold $139,901 -6.7% $132 / Sq Ft
08/01/2025 08/01/25 Pending -- -- --
07/06/2025 07/06/25 For Sale $150,000 -11.5% $142 / Sq Ft
02/28/2023 02/28/23 Sold $169,500 -2.0% $161 / Sq Ft View Prior Sale
01/04/2023 01/04/23 Pending -- -- --
12/30/2022 12/30/22 For Sale $172,999 -- $165 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $933 $66,920 $3,600 $63,320
2024 $933 $27,520 $1,800 $25,720
2023 $1,676 $27,520 $1,800 $25,720
2022 $469 $7,700 $1,125 $6,575
2021 $475 $7,700 $1,125 $6,575
2020 $458 $6,325 $1,125 $5,200
2019 $458 $6,325 $1,125 $5,200
2018 $458 $6,325 $1,125 $5,200
2017 $260 $6,325 $1,125 $5,200
2016 $285 $6,525 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10200636

Memphis Area Association of REALTORS®

APN: 05-2065-0-0005