$1,600,000

1297 Willie Mitchell Blvd Memphis, TN 38106

South Memphis Neighborhood

Estimated payment $10,530/month

Total Views 2,755
68 Beds
-- Bath
1,482 Sq Ft
$1,080 Price per Sq Ft

Highlights

  • 1.2 Acre Lot
  • Tile Flooring
  • Laundry Facilities
  • Security Gate
  • Central Heating and Cooling System
  • Secure Parking

About This Home

Rare opportunity to acquire a value-add apartment in an up and coming area, located in a qualified opportunity zone! This recently RENOVATED complex is 34 units, all 2BR 1 BA w/ Pitched Roofs, Central A/H, new Fls/ Baths, & Units! new security gate. Annual gross potential rent is $367,000. Willie Mitchell world famous studio is located across the street. 6 minutes drive to Downtown Memphis, 15 mins to Airport/FedEx World Hub & 5 mins to developing Soulsville. Contact me w/ questions!

Listing Agent

John Cornes

Braden, Braden & Braden LLC License #303183

Co-Listing Agent

Curtis Braden, CCIM

Braden, Braden & Braden LLC License #284224

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1956

Lot Details

  • 1.2 Acre Lot
  • Lot Dimensions are 87x150
  • Property is Fully Fenced
  • Chain Link Fence

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Pitched Roof
  • Tile Roof

Interior Spaces

  • 1,482 Sq Ft Home
  • 1-Story Property
  • Ceiling height between 8 to 10 feet
  • Tile Flooring
  • Security Gate

Parking

  • Paved Parking
  • Secure Parking

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 078078 00005

Community Details

Overview

  • 34 Units
  • Graceland Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MLS Map #: 764B
  • MAAR Subdivision Name: GRACELAND
  • Freestanding: Yes
  • Number Of Stories: 1
  • Price Per Sq Ft: 1333333.33
  • Estimated Sq Ft: 1482
  • Year Built: 1956
  • Construction: Brick
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Tile, 8 Feet

Exterior Features

  • Foundation: Slab
  • Roof: Tile, Pitched
  • Miscellaneous Exterior: Chain Fence, Fully Fenced, Security Gate

Garage/Parking

  • Parking Facility: Asphalt/Blacktop, Secured

Utilities

  • Hot Water: Gas
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Common Laundry

Lot Info

  • Lot Number: 108
  • Acreage: 1.2
  • Lot Size: 87X150
  • Price Per Acre: 1333333
  • Land Sq Ft: 52359

Rental Info

  • Actual Annual Rent: 204000
  • Tenant Pays: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 078078 00005

Multi Family

  • Perc Occ: 59
  • Total Number Of Units: 34
  • Number2 Bedroom Units: 34
  • Number Other Units: 1
  • Type of Unit: 2 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
03/28/2025 03/28/25 For Sale $1,600,000 -- $1,080 / Sq Ft
Source: Memphis Area Association of REALTORS®

Source: Memphis Area Association of REALTORS®

MLS Number: 10193073

Memphis Area Association of REALTORS®

Tennessee Shelby County Memphis 38106 South Memphis

1297 Willie Mitchell Blvd, Memphis, TN

Homes for Sale in Memphis, TN

This home is located at 1297 Willie Mitchell Blvd, Memphis, TN 38106 and is currently priced at $1,600,000, approximately $1,079 per square foot. This property was built in 1956. 1297 Willie Mitchell Blvd is a home located in Shelby County with nearby schools including A. B. Hill Elementary School, Riverview Middle School, and Hamilton High School.

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John Cornes
Listing Agent
John Cornes
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Braden, Braden & Braden LLC
(901) 665-3400