Address
400 EDITH AVE Memphis, TN
Price
$ 94,900
Property Attributes
  • MLS#10100651
  • TypePending
  • CountySHELBY
  • CityMemphis
  • AreaSouth Bluffs-Downtown
  • NeighborhoodWASHINGTON HEIGHTS BLK 5
  • Zip38126
  • StyleFourplex
  • Year Built1966
  • Taxes$ 1061
  • Price$ 94,900
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
Listing Provided Courtesy Of:
Memphis Metro Realty
Data Source:
Memphis Area Association of REALTORS
Property Description

Now is the time to buy into this area - there is development around and rents/values are going up! This 4-plex is brick, mostly occupied with the last unit looking for a tenant! Market rents on these units is around $325-350/unit so there is a chance to add value here. Currently, 3 are occupied for a total rent of $863.85 and the vacant one is shooting for a tenant for $325-350 prior to closing. Window units and wall heat; owner pays water. No assignable contracts/wholesaler offers.

Price History
6/1/2021 Listed $94,900

General Features

Area 745E
City Memphis
Class Multi-Family
Construction Brick/Veneer
Cooling Systems 1 Window Unit per Unit
Heating Systems Wall Heat
Laundry Y/N None
Legal Subdivision Name WASHINGTON HGTS BLK 5
Listing Area South Bluffs/Downtown
Operating Expenses Insurance, Management, Repairs/Maintenance, Some Utilities, Taxes
Roof Shingle/Shake
Service Type Full Service Listing
Status Pending
Status Pending
Stories 2
Type Fourplex
Year Built 1966
Zoning R-6

Interior Features

# 1 Bedroom Units 4
Floors/ceilings Tile, Vinyl Floor
Hot Water Gas, Public Sewer, Public Water
Total # Of Units 4

Exterior Features

Sale Includes Building and Land
Foundation Slab
Lot Size 50X140
Number of Buildings 1
Parking Facility Offsite/Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 38126

Price
AVG $130K
$90K
Taxes
AVG $986
$1,061
Visits
AVG 29
30
Year Built
AVG 1952
1966

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