NOT LISTED FOR SALE

985 Peabody Ave Memphis, TN 38104

South City Neighborhood
12 Beds
-- Bath
4,176 Sq Ft
10,019 Sq Ft Lot

Last Sold October 27, 2015

Last sale price $117,600 $28 Per Sq Ft

About This Home

As of October 2015

This 6 unit building is located just south of the Medical District. The units are all 2 BR. The scheduled monthly income is $2340/mo.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 12/22/2014

Crye-Leike Commercial

Last Buyer's Agent

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 12/22/2014

Crye-Leike Commercial

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1964

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 59x182.5

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 4,176 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Central Heating
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for some utilities
  • Assessor Parcel Number 018023 00005

Community Details

Overview

  • 6 Units
  • Peabody Subdivision

Building Details

  • Insurance Expense $1,950
  • Utility Expense $1,008
  • Operating Expense $6,650

Property Details

Home Type

Apartment

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MLS Map #: 745C
  • MAAR Subdivision Name: PEABODY
  • Freestanding: Yes
  • List Price Per Sq Ft: 36
  • Number Of Stories: 2
  • Price Per Sq Ft: 511304.35
  • Estimated Sq Ft: 4176
  • Year Built: 1964
  • Construction: Brick
  • List Price Per Unit: 25000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Vinyl Floor, Wall to Wall Carpet
  • Appliances Equipment: Refrigerator

Exterior Features

  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Gas
  • Heating Systems: Central

Lot Info

  • Lot Number: 41 and 42
  • Acreage: 0.23
  • Lot Size: 59X182.5
  • Price Per Acre: 652174
  • Improved Sq Ft: 4176
  • Land Sq Ft: 10325

Rental Info

  • Actual Annual Rent: 25272
  • Leaseable Sq Ft: 4176
  • Tenant Pays: Some Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 018023 00005

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 6
  • Number2 Bedroom Units: 6
  • Type of Unit: 2 BR - 1 Bath

Range of Values:

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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 Change Sq Ft Price
10/27/2015 10/27/15 Sold $117,600 -21.6% $28 / Sq Ft
05/19/2015 05/19/15 Pending -- -- --
12/22/2014 12/22/14 For Sale $150,000 -- $36 / 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 2015

    Jeffrey Moore

    Crye-Leike

    (901) 409-5671

    2 in this area

    87 Total Sales

    Jeffrey Moore
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9942078

Memphis Area Association of REALTORS®
Tennessee Shelby County Memphis 38104 South City

985 Peabody Ave, Memphis, TN

This home is located at 985 Peabody Ave, Memphis, TN 38104 since 22 December 2014. This property was built in 1964. 985 Peabody Ave is a home located in Shelby County with nearby schools including Bruce Elementary School, Booker T. Washington Middle & High School, and Central High School.

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