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.
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
$2,205,900 Zestimate®
$48/sqft
$829 Estimated rent
Home value
$2,205,900
$1.59M - $3.02M
$829/mo
Zestimate® history
Owner options
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$829/mo
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$829/mo
Rent Zestimate®
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$8,547/mo
Est. payment
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$8,547/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
John C Cornes,
Braden, Braden & Braden LLC,
Curtis L Braden,
Braden, Braden & Braden LLC
Bought with:
John C Cornes
Braden, Braden & Braden LLC
Source: MAAR,MLS#: 10156756
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: 2.65 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 & neighborhood
Location
- Region: Memphis
- Subdivision: 1
Other
Other facts
- Listing terms: Cash Only,Conventional,1031 Exchange,Owner Mortgage,Private Financing Available
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 | ||
Public tax history
Tax history is unavailable.
Neighborhood: East Memphis-Colonial-Yorkshire
Nearby schools
GreatSchools rating
- 3/10Dunbar Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 5/10Sherwood Middle SchoolGrades: 6-8Distance: 1.4 mi
- 3/10Melrose High SchoolGrades: 9-12Distance: 0.5 mi
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- Tennessee
- Shelby County
- Memphis
- 38114
- East Memphis-Colonial-Yorkshire
- 1711 Pendleton St
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