512 Mcelroy Rd
Memphis, TN 38120
- 6 beds
- 4 baths
- – sqft
- 1985 build
- – on site
"RARE FIND! Appraisal in hand for $565,000 from 2023. Instant Equity. UNBELIEVABLE OPPORTUNITY to purchase a home divided into TWO units. Both sides are 3 bedrooms with 2 baths with almost 2k feet of living space! HUGE income potential. Live in one and rent the other. Rent them both or have multiple families living together... endless possibilities in this highly desirable neighborhoods with easy access to local parks, shopping, and dining. You will not find another opportunity like this in the neighborhood with gorgeous new buildings going up around it, this is gold mine. Both sides very nicely updated and clean. Featuring spacious living areas filled with natural light, a beautifully updated kitchen with stainless steel appliances This charming residence combines modern comforts with classic Southern charm."
Last checked:
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Checking…
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Last updated Dec 13, 2024
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MLS# 10183865 —
This home is listed in more than one place. See it here.
The Building
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Construction Status:Existing Property
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Style:Traditional
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Type:Attached Single Family
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Roof:Composition Shingles
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Foundation:Slab
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Exterior/Windows:Brick Veneer, Aluminum/Steel Siding
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Detached Unit Type:General Residential
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Attached Unit Type:Other
Interior
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Miscellaneous Interior:All Window Treatments, Attic Access
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Living/Dining/Kitchen:Eat-In Kitchen, Pantry, Washer/Dryer Connections
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Fireplace:Masonry, In Living Room, In Den/Great Room
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Floors/Ceilings:Part Hardwood, Tile, Smooth Ceiling
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Other Rooms:bonus room
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Additional Bed/Bath Info:1 or More BR Down, Primary Down, Split Bedroom Plan, renovated bathroom, Full Bath Down
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1st Story Floor Plan:Living Room, Dining Room, Kitchen, Primary Bedroom, 1 Bath
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2nd Story Floor Plan:2nd Bedroom, 3rd Bedroom, 1 Bath, Bonus Room
Financial & Terms
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New Financing:Conventional, FHA, VA, Other
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Warranty/Possible Addenda:Possession by Agreement
Location
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Map Coordinate:B
The Property
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Area:756B
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Acres:0.23
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Lot #:2A
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Lot Size:58 Sqft
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Lot Description:Some Trees, Level, Wood Fenced
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Miscellaneous Exterior:Patio, Wood Fence, Sidewalks
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Security:Smoke Detectors, Iron Doors, Dead Bolts Locks
Listing Agent
- Contact info:
- Agent phone:
- (209) 681-7797
- Office phone:
- (901) 676-6555
Beds
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Second Bedroom:Level 2, Smooth Ceiling, Hardwood Floor
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Third Bedroom:Level 2, Smooth Ceiling, Hardwood Floor
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Bedroom 3:Level 1, Smooth Ceiling, Hardwood Floor
Baths
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Bath Description:Smooth Ceiling, Tile Floor
The Listing
Heating & Cooling
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Heating:Central, Electric
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Cooling:Central
Utilities
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Water and Sewer:Public Water, Public Sewer
Appliances
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Interior Equipment:Range/Oven, Dishwasher, Refrigerator, Cable Wired
The Community
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Neighborhood Association:None
Parking
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Garage:detached
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Type:garage
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Parking Display:G2D
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Parking/Storage:Driveway/Pad, Side-Load Garage
Monthly cost estimate
Asking price
$539,901
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,891
|
| Taxes | $506 |
| Insurance | $148 |
| Utilities | N/A |
| Total | $3,545/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/24/24
Oct 24, 2024
|
Listed / Active | MAARMLS | $539,901 |
