4651 Royal Ridge Dr

Memphis, TN 38128

$950,000
Last Sold Price
—
Beds
—
Baths
9,632 Sq. Ft.
$99 / Sq. Ft.
9,632
Sq. Ft.
$99
per Sq. Ft.
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Closed 4/8/24
Closed 4/8/24
a view of a house with backyard sitting area and garden
an aerial view of residential house with yard
an outdoor space with lots of plants
a view of backyard with green space
a view of a house with a yard
a view of a house with a garden
a cars parked in front of a house
a view of a small space with wooden floor and a window
a view of an empty room with wooden floor and a window
an empty room with a window
a close view of sink and tap
a bathroom with a bathtub and a toilet
a bathroom with a sink a toilet and shower

Description

Stabilized 19 unit with tons of upside. Over $20k in interior capitalizations in 2023. Nice mix of 1/1 units and 2/1 townhome units. Close to Nike & Amazon in safe, quiet neighborhood. Monthly rent $9,885, potential $13,900. Purpose built as a 20 unit; can easily be turned back for more units/income.Stabilized 19 unit with tons of upside. Over $20k in interior capitalizations in 2023. Nice mix of 1/1 units and 2/1 townhome units. Close to Nike & Amazon in safe, quiet neighborhood. Monthly rent $9,885, potential $13,900. Purpose built as a 20 unit; can easily be turned back for more units/income.
  1. Listed by Jessica Sewell • Prime Real Estate Group

Property Details for 4651 Royal Ridge Drive

Area
7310
MAAR Subdivision Name
ROYAL RIDGE
Legal Subdivision Name
ROYAL RIDGE
LISTING UPDATED: 05/01/2024 04:26 PM

Property Details for 4651 Royal Ridge Drive

StatusClosed
MLS #10157388
Days on Market101
Taxes$6,052 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Apartment Building
Year Built1975
Lot Size1.60 AC / 69,696 SF
CountyShelby County
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Location

Listing Courtesy of Prime Real Estate Group

Sold By Prime Real Estate Group

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Building Information for 4651 Royal Ridge Drive

Stories2Residences19Year Built1975Building Size-Lot Size1.60 AC / 69,696 SF

Payment Calculator

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$5,288 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,784

Property Taxes

$504

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 4651 Royal Ridge Drive

Summary
Location and General Information
  • Address: 4651 ROYAL RIDGE DR
  • Address Search Number: 4651
  • Directions: FROM I-40 TAKE WARFORD ST NORTH. WARFORD TURNS INTO NEW ALLEN. PROPERTY IS ON THE NW CORNER OF NEW ALLEN AND ROYAL RIDGE.
  • Map Coordinate: 0
  • MLS Map Num: Egypt Central
Taxes and HOA Information
  • Hot Water: Electrical, Public Sewer, Public Water
  • LVT Date: 09-23-2023
  • Annual Insurance Expenses: $7,304
Property
Lot Information
  • Lot Size: 1.6 ACRES
  • Parcel ID: 090002 00104
Property and Assessments
  • Foundation: Laundry Facility, Slab, Storage Area
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Composition
Interior Features
  • Appliances / Equipment: Refrigerator, Range/Oven (Freestanding)
  • Floors/Ceilings: 8 Feet, Dry Wall, Partial Carpet, Wood Laminate Floors
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 14
  • Num of 2 Bedroom Units: 5
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 1
  • Num Other Units: 0
  • Assumption: No Assumption
  • Average Annual Utilities: $7,680
  • Construction: Vinyl Siding
  • Cooling Systems: Central, Electrial, Individual Cooling
  • Existing Financing: Conventional Fixed
  • Gross Potential Annl Rent: $174,480
  • Heating Systems: Central, Electrical, Individual Systems
  • Improved Sqft: 9632
  • Land Sqft: 69957
  • Laundry: Connections
  • Leaseable Sqft: 9632
  • Miscellaneous Exterior: Professional Landscaping, Wood Fence, Partically Fenced
  • Operating Expenses: Insurance, Management, Repairs/Maintenance, Some Utilities, Taxes, Trash Collection
  • Parking Facility: Asphalt/Blacktop, More Than 1 Per Unit
  • Possession: At Closing
  • Sale Includes: All Appliances, Building and Land
  • Source Of Info: Brochure, Leases, Owner, P/L Statement, Rent Roll
  • Tenant Pays: Electric, Gas, Security Deposit
  • Type Units: 1 BR - 1 Bath, 2 BR - 1 Bath, 2 BR - 1+ Baths, Furnished

Property History for 4651 Royal Ridge Drive

DateEvent & SourcePriceAppreciation
Apr 8, 2024

Sold

MAARMLS #10157388

$950,000—
Apr 5, 2024

Sold (Public Record)

Public Record #1529862637

$950,000

+2.2% / yr

Jan 2, 2024

Contract Signed

MAARMLS #10157388

—
DateEvent & SourcePrice
04/08/2024

Sold

MAARMLS #10157388

$950,000
04/05/2024

Sold (Public Record)

Public Record #1529862637

$950,000

+2.2% / yr

01/02/2024

Contract Signed

MAARMLS #10157388

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4651 Royal Ridge Drive

Taxable ValueLand$27,440Additions$345,640Total$373,080
Tax Record2024$24,569 ($2,047 / month)
Home Facts
Baths1.5Total Finished SqFt9,632 SqFtAbove Grade Finished SqFt9,632 SqFtStories1Lot Size69,957 SqFtStyleMulti-Family Res (5+ Units)Year Built1975Year Renovated1995ZoningRU-3CountySHELBYAPN090-002- - -00104Fireplace TypeHas Fireplace

Schools near 4651 Royal Ridge Drive

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Egypt Elementary School
Public - PK to 5
Raleigh Egypt Middle School
Public - 6 to 8
Raleigh Egypt High School
Public - 6 to 12
Memphis Business Academy Hickory Hill Middle School
Charter - 6 to 8
Rating
School
Distance
Egypt Elementary School
PublicPK to 5

Raleigh Egypt Middle School
Public6 to 8

Raleigh Egypt High School
Public6 to 12

Memphis Business Academy Hickory Hill Middle School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Prime Real Estate Group

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR and Central West Tennessee Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the MAAR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.