Sold for $1,700,000

$1,700,000

1711 Pendleton St, Memphis, TN 38114

--beds

--baths

35,564sqft

Multi Family

Built in 1963

-- sqft lot

$2,154,200 Zestimate^®

$48/sqft

$-- Estimated rent

Home value

$2,154,200

$1.55M - $2.87M

Not available

Zestimate^® history

Owner options

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$8,547/mo

Est. payment

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$8,547/mo

Est. payment

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What's special

Rare opportunity for a value-add complex, just 10 minutes to FedEx & Memphis Airport, 10 Minutes to Downtown, Memphis 5 Minutes to U of M, and centrally located. Nearby schools, access to Expressway 78 units. Scheduled Gross Rental Income is $833,000. Owner willing to seller finance. 6 Units currently occupied w/ average rent of $375/mo.

Facts & features

Interior

Heating

Other (See Remarks)

Cooling

Other (See Remarks)

Appliances

Laundry: None

Features

Basement: Other (See Remarks)

Interior area

Total structure area: 54,124
Total interior livable area: 35,564 sqft

Property

Parking

Parking features: Asphalt/Blacktop

Features

Stories: 2
Exterior features: Other (See Remarks)

Lot

Size: 2.66 Acres
Dimensions: 2.66

Details

Parcel number: 047073 00028

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick Veneer
Roof: Pitched,Shingle/Shake

Condition

Year built: 1963

Community & HOA

Community

Subdivision: 1

Location

Region: Memphis

Financial & listing details

Price per square foot: $48/sqft
Annual tax amount: $29,776
Date on market: 9/15/2023
Cumulative days on market: 105 days
Listing terms: Cash Only,Conventional,1031 Exchange,Owner Mortgage,Private Financing Available
Lease term: None
Tenant pays: Electricity, Gas, Some Utilities

Price history

Date	Event	Price
12/29/2023	Sold	$1,700,000-12.8%$48/sqft
Source: MAAR #10156756 Report a problem
9/15/2023	Listed for sale	$1,950,000$55/sqft
Source: MAAR #10156756 Report a problem