NOT LISTED FOR SALE
26 Beds
-- Bath
8,440 Sq Ft
0.33 Acres

Last Sold May 02, 2023

Last sale price $425,000 $50 Per Sq Ft

18 Days on Market

Highlights

  • 0.33 Acre Lot
  • Tile Flooring
  • Property is Fully Fenced
  • Security Gate
  • Ceiling Fan

About This Home

As of May 2023

This 12-unit apartment complex is the perfect addition to your rental portfolio! $87,600 annual cashflow potential! 5 of the 12 units are occupied; Remaining units are 95% move in ready! Includes ten 2-bedrooom units & two 3-bedroom units. Updates within the last 2 years include new kitchen cabinets, bathroom updates, floors, paint, etc. New elec. 7 yr old roof. Just minutes from downtown and close to several areas being groomed for redevelopment! No not disturb tenants! Being sold AS IS.

Last Listed By

Kesha Hamilton

Keller Williams License #320924 Listed on: 04/03/2023

Keller Williams

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1964

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 100 x 148
  • Property is Fully Fenced

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 8,440 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Security Gate
  • Free-Standing Range
  • Washer and Dryer Hookup

Flooring

  • Laminate
  • Tile
  • Vinyl

Utilities

  • Window Unit Cooling System

Community Details

  • Mckinney Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, heating, gas, electric, water/sewer, security deposit
  • Assessor Parcel Number 025005 00003

Home Details

Home Type

Single Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MLS Map #: 745E
  • MAAR Subdivision Name: MCKINNEY
  • Freestanding: Yes
  • List Price Per Sq Ft: 54
  • Number Of Stories: 2
  • Price Per Sq Ft: 1287878.79
  • Estimated Sq Ft: 8440
  • Year Built: 1964
  • Construction: Brick
  • List Price Per Unit: 38250
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Floors/Ceilings: Tile, Vinyl Floor, Wood Laminate Floors
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding)

Exterior Features

  • Foundation: Slab
  • Roof: Composition
  • Miscellaneous Exterior: Fully Fenced, Security Gate, Ceiling Fan(s)

Garage/Parking

  • Parking Facility: Asphalt/Blacktop, Concrete

Utilities

  • Hot Water: Public Water, Public Sewer
  • Cooling Systems: 1 Window Unit per Unit
  • Laundry: Connections

Lot Info

  • Lot Number: 30 & 31
  • Acreage: 0.33
  • Lot Size: 100 X 148
  • Price Per Acre: 1390909

Rental Info

  • Tenant Pays: All Utilities, Heating, Gas, Electric, Water/Sewer, Security Deposit
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 025005 00003

Multi Family

  • Total Number Of Units: 12
  • Number2 Bedroom Units: 10
  • Number3 Bedroom Units: 2
  • Type of Unit: 2 BR - 1 Bath, 3 BR - 1 Bath

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 Change Sq Ft Price
05/02/2023 05/02/23 Sold $425,000 -7.4% $50 / Sq Ft
04/03/2023 04/03/23 For Sale $459,000 +101.8% $54 / Sq Ft
11/25/2018 11/25/18 Sold $227,500 -14.2% $27 / Sq Ft
02/05/2017 02/05/17 For Sale $265,000 -- $31 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10145139

Memphis Area Association of REALTORS®