Sold
Last Sold Price
603 S Rembert St, Memphis, TN 38104
Multi FamilyProperty Type
0.38 acresLot Size
1920Year Built

Description

Rembert Residence is proud to announce this garden-style 8 plex consisting of 4 two bedrooms 1100 sq feet each, 3 one bedrooms, and one studio in the heart of Midtown upscale residential area. This property is a true value add play. Location! Location! 3 units have been completely rehabbed. Roof has been inspected and is in great condition. Boiler system has been yearly serviced and in good condition. The strong stable value-add opportunity this asset presents is undeniable. TRembert Residence is proud to announce this garden-style 8 plex consisting of 4 two bedrooms 1100 sq feet each, 3 one bedrooms, and one studio in the heart of Midtown upscale residential area. This property is a true value add play. Location! Location! 3 units have been completely rehabbed. Roof has been inspected and is in great condition. Boiler system has been yearly serviced and in good condition. The strong stable value-add opportunity this asset presents is undeniable. T
  • Listed by: Felecia Magro • The Stamps Real Estate Company
Listing closed: 10/29/2021 12:00 AM • Source: MAARMLS, MLS#: 10105375

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Location

Listing Courtesy of The Stamps Real Estate Company

Sold By The Stamps Real Estate Company

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$6,017 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,938

Property Taxes

$1,078

HOA Dues

$0

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Property Information for 603 South Rembert Street

Property Details
  • Taxes: $12,941 / year
  • MLS Type: Multi-Family / Apartment Complex
  • Area: 746G
  • MAAR Subdivision Name: CENTRAL GARDENS
  • Legal Subdivision Name: ST JOHN LIDDELL
Building Information
  • Stories: 2
  • Residences: 8
  • Year Built: 1920
  • Lot Size: 0.38 AC / 16,457 SF
Summary
Location and General Information
  • Address: 603 S REMBERT ST S
  • Address Search Number: 603
  • Directions: union to rembert turn left apartment is on right
  • Map Coordinate: G
  • MLS Map Num: Central Gardens
Taxes and HOA Information
  • Hot Water: Gas, Public Water, Public Sewer
  • LVT Date: 07-30-2021
  • Annual Insurance Expenses: $2,790
Property
Lot Information
  • Lot Size: 145 X 113.5
  • Lot Num: 9
  • Parcel ID: 016056 00017
Property and Assessments
  • Amenities: Balcony/Patio
  • Foundation: Conventional/Crawl Space, Partial Basement
  • Percent Occupancy: 100
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Composition, Shingle/Shake, Flat, Other (See REMARKS)
Interior Features
  • Appliances / Equipment: Refrigerator, Range/Oven (Freestanding), Dishwasher, Smoke Detector(s)
  • Floors/Ceilings: Hardwood Throughout, Tile, Vinyl Floor, 8 Feet, 9 Ft or More
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 3
  • Num of 2 Bedroom Units: 4
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 1
  • Num of Buildings: 1
  • Num Other Units: 0
  • Assumption: No Assumption
  • Average Annual Utilities: $5,800
  • Construction: Brick, Wood/Composition, Aluminum/Steel Siding, Masonry/Block
  • Cooling Systems: 1 Window Unit per Unit, 2+ Window Units per Unit
  • Existing Financing: Other (See REMARKS)
  • Gross Potential Annl Rent: $102,000
  • Heating Systems: Gas, Wall Heat
  • Laundry: Washer in Unit, Dryer in Unit
  • Miscellaneous Exterior: Curbs/Gutters, Sidewalks, Security Lighting, Professional Landscaping, Partically Fenced, Historic District
  • Operating Expenses: Insurance, Some Utilities, Trash Collection, Repairs/Maintenance, Pest Control, Taxes
  • Parking Facility: Concrete, Offsite/Street, Covered
  • Possession: At Closing, Tenants Rights
  • Sale Includes: Building and Land, All Appliances
  • Source Of Info: Owner, Current Records, Leases, Rent Roll
  • Tenant Pays: Some Utilities, Electric, Security Deposit, Pet Depost
  • Type Units: Efficiency/Studio, 1 BR - 1 Bath, 2 BR - 1 Bath

Property History for 603 South Rembert Street

DateEvent & SourcePriceAppreciation
Oct 29, 2021

Sold (Public Record)

Public Record #1475884324

$925,000

+96.1% / yr

Oct 29, 2021

Sold

MAARMLS #10105375

$925,000—
Oct 22, 2021

Contract Signed

MAARMLS #10105375

—
DateEvent & SourcePrice
10/29/2021

Sold (Public Record)

Public Record #1475884324

$925,000

+96.1% / yr

10/29/2021

Sold

MAARMLS #10105375

$925,000
10/22/2021

Contract Signed

MAARMLS #10105375

—

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

Public Records for 603 South Rembert Street

Taxable ValueLand$41,160Additions$164,880Total$206,040
Tax Record2024$13,569 ($1,131 / month)
Home Facts
Baths1Total Finished SqFt8,743 SqFtAbove Grade Finished SqFt8,743 SqFtStories1Lot Size16,422 SqFtStyleMulti-Family Res (5+ Units)Year Built1920Year Renovated1995ZoningR-6CountySHELBYAPN016-056- - -00017Fireplace TypeHas Fireplace

Schools near 603 South Rembert Street

This home is within Memphis-Shelby County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - K to 5
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Hamilton School
PublicPK to 8

Idlewild Elementary School
PublicK to 5

Central High School
Public9 to 12

Memphis School of Excellence Cordova
Charter6 to 12

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 any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Stamps Real Estate Company

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, Reelfoot Regional AOR 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, Reelfoot Regional AOR 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, Reelfoot Regional AOR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.