NOT LISTED FOR SALE

783 Porter St Memphis, TN 38126

South City Neighborhood
-- Bed
-- Bath
4,920 Sq Ft
10,454 Sq Ft Lot

Last Sold June 04, 2021

Last sale price $190,000 $39 Per Sq Ft

About This Home

As of June 2021

This 12 unit fixer upper building is located just minutes from Booming Downtown Memphis. The units are all studio type. The scheduled monthly income is over 7600 per month. Drive by only. Please do not disturb tenants. Inspection contingent upon offer.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 04/20/2021

Crye-Leike Commercial

Last Buyer's Agent

Sherley Brown

KAIZEN Realty, LLC License #277360

KAIZEN Realty, LLC

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1957

Lot Details

  • 10,454 Sq Ft Lot

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 4,920 Sq Ft Home
  • 2-Story Property
  • Efficiency Studio
  • Vinyl Flooring

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for some utilities
  • Assessor Parcel Number 011037 00027

Community Details

Overview

  • 12 Units
  • Pearce Subdivision

Building Details

  • Insurance Expense $3,840
  • Utility Expense $7,800
  • Operating Expense $22,604

Property Details

Home Type

Apartment

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MAAR Subdivision Name: PEARCE SUBDIVISION
  • Freestanding: Yes
  • List Price Per Sq Ft: 60
  • Number Of Stories: 2
  • Estimated Sq Ft: 4920
  • Year Built: 1957
  • Construction: Brick/Veneer
  • List Price Per Unit: 24583.33
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Vinyl Floor

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Gas
  • Cooling Systems: 1 Window Unit per Unit
  • Heating Systems: Wall Heat

Lot Info

  • Lot Number: PT 17-20
  • Acreage: 0.24
  • Lot Size: 10743 SF 47.07 X 150 (IRR)
  • Improved Sq Ft: 4920
  • Land Sq Ft: 10743

Rental Info

  • Actual Annual Rent: 66698
  • Leaseable Sq Ft: 4920
  • Tenant Pays: Some Utilities

Tax Info

  • Assessor Parcel Number: 011037 00027

Multi Family

  • Total Number Of Units: 12
  • Number Efficiency Studio Units: 12
  • Type of Unit: Efficiency/Studio

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2021 06/04/21 Sold $190,000 -35.6% $39 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
04/20/2021 04/20/21 For Sale $295,000 -- $60 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Moore

    Seller's Agent in 2021

    Jeffrey Moore

    Crye-Leike

    (901) 409-5671

    2 in this area

    84 Total Sales

    Jeffrey Moore
    Section Image

  • S

    Buyer's Agent in 2021

    Sherley Brown

    KAIZEN Realty, LLC

    (901) 218-3189

    1 in this area

    20 Total Sales

    Sherley Brown
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10097631

Memphis Area Association of REALTORS®
Tennessee Shelby County Memphis 38126 South City

783 Porter St, Memphis, TN

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