1261 Central Avenue
1261 Central Avenue
Memphis, TN 38104
$450,000
Price
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Description
Multifamily property with 6 units. Right in the heart of midtown by the medical district. Perfect for Medical Professionals or Medical / Dental Students. Located in a quiet neighborhood and surrounded by beautiful trees. This is a must see property to start or grow your investment portfolio. Could even be a house hack for a young investor looking for a value add opportunity. Priced to sell at $450,000.Multifamily property with 6 units. Right in the heart of midtown by the medical district. Perfect for Medical Professionals or Medical / Dental Students. Located in a quiet neighborhood and surrounded by beautiful trees. This is a must see property to start or grow your investment portfolio. Could even be a house hack for a young investor looking for a value add opportunity. Priced to sell at $450,000.
- Listed by Kelly Day • SimpliHOM
Property Details for 1261 Central Avenue
Area
746F
MAAR Subdivision NameANNESDALE
Legal Subdivision NameSNOWDEN HOMESTEAD
Location
Listing Courtesy of SimpliHOM
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LISTING UPDATED: 04/29/2024 01:14 PM
Property Details for 1261 Central Avenue
| Status | Active |
|---|---|
| MLS # | 10168971 |
| Days on Market | 51 |
| Taxes | $8,002 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Converted House |
| Year Built | 1917 |
| Lot Size | 0.21 AC / 9,000 SF |
| County | Shelby County |
Location
Listing Courtesy of SimpliHOM
Add your commute
Building Information for 1261 Central Avenue
Stories2Residences6Year Built1917Building Size-Lot Size0.21 AC / 9,000 SF
Payment Calculator
$3,123 per month
30 year fixed, 7.25% Interest
Principal and Interest
$2,456
Property Taxes
$667
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1261 Central Avenue
Summary
Location and General Information
- Address: 1261 CENTRAL AVE
- Address Search Number: 1261
- Directions: From I-240 take Exit 23A to merge onto Airways Blvd. Turn Left onto Lamar Ave. Turn left onto W Snowden Circle. Turn Right onto Central.
- Map Coordinate: F
- MLS Map Num: Central Gardens
Taxes and HOA Information
- Hot Water: House System, Public Water
Property
Lot Information
- Lot Size: 60X150
- Lot Num: 33
- Parcel ID: 015012 00007
Property and Assessments
- Foundation: Partial Basement, Unfinished Basement
- Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
- Roof: Composition
Interior Features
- Floors/Ceilings: Tile, Wood Laminate Floors
Multi Family
Multi-Family Information
- Num of 1 Bedroom Units: 2
- Num of 2 Bedroom Units: 1
- Num of 3 Bedroom Units: 0
- Num of Efficiency Studio Units: 3
- Num of Buildings: 1
- Num Other Units: 0
- Assumption: No Assumption
- Average Annual Utilities: $0
- Construction: Brick/Veneer
- Cooling Systems: 1 Window Unit per Unit
- Existing Financing: Balloon
- Heating Systems: Wall Heat
- Laundry: None
- Operating Expenses: Insurance, Repairs/Maintenance, Taxes
- Parking Facility: Concrete, Gravel
- Possession: Negotiable
- Sale Includes: All Appliances, Building and Land
- Source Of Info: Owner
- Tenant Pays: All Utilities
- Type Units: 1 BR - 1 Bath, 2 BR - 1 Bath, Efficiency/Studio, Unfurnished
Property History for 1261 Central Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1261 Central Avenue
Taxable ValueLand$14,560Additions$69,840Total$84,400
Tax Record2022$5,141 ($428 / month)
Home Facts
Baths1Total Finished SqFt2,748 SqFtAbove Grade Finished SqFt2,748 SqFtStories1Lot Size8,973 SqFtStyleMulti-Family Res (5+ Units)Year Built1917ZoningR-6CountySHELBYAPN015-012- - -00007Fireplace TypeSingle
Schools near 1261 Central Avenue
This home is within Shelby County Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Bruce Elementary School PublicPK to 5 | ||
Bellevue Junior High School Public6 to 8 | ||
Central High School Public9 to 12 | ||
Soulsville Charter School 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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of SimpliHOM