Pending

$535,000

374 N Dunlap St, Memphis, TN 38105

--beds

--baths

5,000sqft

$3,755/mo

Get pre-qualified

Multi Family

Built in 1959

-- sqft lot

$459,500 Zestimate^®

$107/sqft

$-- HOA

What's special

Open u shaped layout

Located in a strong rental neighborhood, this value-add investment is strategically positioned for a new buyer. The opportunity provides a new investor with the ability to achieve significant upside from a well-located asset. The property is located just 1 block from the Medical District and 1 mile from the Crosstown Concourse. Nicely manicured with an open, U shaped layout, the property feels large and welcoming. All units feature 1 bedroom and 1 bathroom. The current owner has fully renovated 6 of the 10 units along with other capital improvements, including window, plumbing, and electrical updates, as well as a new roof in 2022. A few upgrades and some well-placed capital improvements by a new investor can significantly drive both rents and long-term value.

710 days
6
0

Facts & features

Interior

Heating

Electric, Other (See Remarks)

Cooling

Electric, Other (See Remarks)

Appliances

Included: Range/Oven (Freestanding), Refrigerator, Electric Water Heater
Laundry: None

Features

Flooring: Tile, Wood Laminate Floors

Interior area

Total structure area: 5,000
Total interior livable area: 5,000 sqft

Property

Parking

Parking features: Gravel, Offsite/Street
Has uncovered spaces: Yes

Features

Stories: 1

Lot

Size: 0.34 Acres
Dimensions: 0.34 acres

Details

Parcel number: 051014 00047

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick
Foundation: Slab
Roof: Composition

Condition

Year built: 1959

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: Lane

Location

Region: Memphis

Financial & listing details

Price per square foot: $107/sqft
Annual tax amount: $1,792
Date on market: 10/30/2024
Cumulative days on market: 394 days
Listing terms: Conventional,Private Financing Available
Lease term: 12 Months
Total actual rent: 56340
Tenant pays: Electricity, Gas, Trash Collection

Estimated market value

$459,500

$404,000 - $528,000

$1,095/mo

Price history

Date	Event	Price
11/28/2024	Pending sale	$535,000$107/sqft
Source: MAAR #10184186 Report a problem
10/30/2024	Listed for sale	$535,000+7.3%$107/sqft
Source: MAAR #10184186 Report a problem
8/20/2024	Listing removed	$498,500$100/sqft
Source: MAAR #10166518 Report a problem
6/5/2024	Price change	$498,500-6.8%$100/sqft
Source: MAAR #10166518 Report a problem
4/9/2024	Price change	$535,000-2.6%$107/sqft
Source: MAAR #10166518 Report a problem
2/24/2024	Listed for sale	$549,000+56.9%$110/sqft
Source: MAAR #10166518 Report a problem
10/22/2022	Listing removed	--
Source: Zillow Rental Network Premium_1 Report a problem
10/5/2022	Listed for rent	$565
Source: Zillow Rental Network Premium_1 Report a problem
10/1/2021	Sold	$350,000+536.4%$70/sqft
Source: RealTracs MLS as distributed by MLS GRID #3023820 Report a problem
2/22/2013	Sold	$55,000$11/sqft
Source: MAAR #3256243 Report a problem