655 E Mclemore Ave
Memphis, TN 38106
- – beds
- – baths
- – sqft
- 1936 build
- – on site
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The asset at 655 E McLemore is a four-unit value-add property. The property is currently running at a 25% occupancy, with all of the units in need of full renovations. Each unit is two bedrooms with one full bathroom. The current tenant is paying $375 a month. The market rent for this unit type is approximately $700-$800 a month. Renovations are recommended to generate the market rent which is attainable due to the location of the property.
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Last updated Oct 27, 2024
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MLS# 10162170 —
The Building
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Construction:Brick
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Type:Fourplex
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Type Units:2 BR - 1 Bath
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Roof:Pitched, Shingle/Shake
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Foundation:Full Basement
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Floors/Ceilings:Hardwood Throughout
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# of Buildings:1
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Total # of Units:4
Financial & Terms
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New Financing:Other (Call LA)
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Terms:Cash
Location
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Map Coordinate:B
The Property
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Area:747B
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Lot #:17
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Lot Size:50 Sqft
Listing Agent
- Contact info:
- Agent phone:
- (901) 881-2070
- Office phone:
- (901) 881-2070
The Listing
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Sale includes:Building and Land
Utilities
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Hot Water:Public Water
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Laundry:Connections
Parking
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Parking Facility:Asphalt/Blacktop
Extra Units
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2 Bedroom Units:4
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 |
|---|---|---|---|---|
|
4/16/24
Apr 16, 2024
|
Sold | MAARMLS | $86,000 | -28.3% |
|
12/6/23
Dec 6, 2023
|
Listed / Active | MAARMLS | $120,000 |
