Sold for $460,000

$460,000

3970 Southlawn Ave, Memphis, TN 38111

--beds

--baths

4,050sqft

Multi Family

Built in 1965

-- sqft lot

$447,800 Zestimate^®

$114/sqft

$911 Estimated rent

Home value

$447,800

$412,000 - $484,000

$911/mo

Zestimate^® history

Owner options

List your home for rent

$911/mo

Rent Zestimate^®

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$911/mo

Rent Zestimate^®

Refinance and save

$2,887/mo

Est. payment

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$2,887/mo

Est. payment

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What's special

New hvacFully upgraded unitsVinyl floorNew appliances

5-unit apartment building for sale near UofM! Property has 5 fully upgraded units (to include new appliances, vinyl floor, new HVAC). 4 of 5 units occupied and tenants are current. 5th unit is being held vacant for showings to potential buyers only. Current rent roll is $4,240 with a potential rent of $6,050. Current management can stay in place. Add this asset to your portfolio today!

Facts & features

Interior

Heating

Central

Cooling

Central Air

Appliances

Included: Gas Water Heater
Laundry: Washer in Unit

Features

Flooring: Vinyl
Furnished: Yes

Interior area

Total interior livable area: 4,050 sqft

Property

Parking

Parking features: Asphalt/Blacktop

Lot

Size: 8,712 Square Feet
Dimensions: 8712

Details

Parcel number: 058121 00025

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick Veneer
Foundation: Slab
Roof: Shingle/Shake

Condition

Year built: 1965

Community & HOA

Community

Subdivision: Philpots Getwell

Location

Region: Memphis

Financial & listing details

Price per square foot: $114/sqft
Annual tax amount: $3,872
Date on market: 12/30/2024
Cumulative days on market: 62 days
Listing terms: Conventional
Inclusions: All Furnishings
Lease term: 12 Months
Tenant pays: Some Utilities

Price history

Date	Event	Price
2/14/2025	Sold	$460,000-5.2%$114/sqft
Source: MAAR #10187235 Report a problem
1/21/2025	Pending sale	$485,000$120/sqft
Source: MAAR #10187235 Report a problem
12/30/2024	Listed for sale	$485,000$120/sqft
Source: MAAR #10187235 Report a problem
12/4/2024	Listing removed	$485,000$120/sqft
Source: MAAR #10184193 Report a problem
11/19/2024	Listed for sale	$485,000+17.6%$120/sqft
Source: MAAR #10184193 Report a problem
10/29/2024	Sold	$412,371$102/sqft
Source: MAAR #10184135 Report a problem
12/11/2018	Listing removed	$525
Source: Progressive Realty Services #10038366 Report a problem
10/9/2018	Listed for rent	$525
Source: Progressive Realty Services #10038366 Report a problem