774 Melrose Street

774 Melrose Street

Memphis, TN 38104

$1,750,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a view of a large building with a street
a house view with a garden space
a view of a house with a wooden deck
a view of a house with a small yard and wooden fence
a kitchen with granite countertop a stove and a sink
a view of a storage & utility room with a washer and dryer
a bathroom with a sink a toilet and a bathtub
a view of a kitchen with a sink and a window
a view of an empty room with kitchen and a window
a living room with furniture and a flat screen tv
a room with kitchen island a wooden floor and refrigerator
a bedroom with a bed and a window
a living room with furniture and a window
a bathroom with a granite countertop sink toilet and shower
a bedroom with a bed and a window
a bedroom with a bed and a window
a view of a dining room with furniture and wooden floor
a large bed sitting in a bedroom next to a window
a sink with a window
a view of entryway with a front door
a view of a door with a bench
a view of wooden door
a view of the house with a street
a bathroom with a bathtub and shower
a front view of a house with a yard
a view of a street with wooden fence and a large tree
a view of car parked in front of house

Description

Great Investment opportunity with 24 one bedroom units 100% occupied. This property has many recent upgrades including new roof, exterior painting and more. Leco Realty has professionally managed property for several years. Annual cash flow numbers /rent rolls available upon request. Laundry facilities on site for additional income. Please do not disturb or contact any tenants. Make any offer subject to inspections. Property is being sold "as is". Property sold subject to tenants rights.Great Investment opportunity with 24 one bedroom units 100% occupied. This property has many recent upgrades including new roof, exterior painting and more. Leco Realty has professionally managed property for several years. Annual cash flow numbers /rent rolls available upon request. Laundry facilities on site for additional income. Please do not disturb or contact any tenants. Make any offer subject to inspections. Property is being sold "as is". Property sold subject to tenants rights.
  1. Listed by Lowell Brister • Leco Realty, Inc.

Property Details for 774 Melrose Street

Area
746F
MAAR Subdivision Name
ANNESDALE
Legal Subdivision Name
MEACHAM&VOORHEIS

Location

Listing Courtesy of Leco Realty, Inc.
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LISTING UPDATED: 04/19/2024 10:44 AM

Property Details for 774 Melrose Street

StatusActive
MLS #10167542
Days on Market63
Taxes$24,968 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Complex
Year Built1956
Lot Size0.57 AC / 25,000 SF
CountyShelby County

Location

Listing Courtesy of Leco Realty, Inc.
Add your commute

Building Information for 774 Melrose Street

Stories-Residences24Year Built1956Building Size-Lot Size0.57 AC / 25,000 SF

Payment Calculator

$11,631 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,550

Property Taxes

$2,081

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 774 Melrose Street

Summary
Location and General Information
  • Address: 774 MELROSE ST
  • Address Search Number: 774
  • Directions: South on Melrose from Central Ave. ; Property located on the left.
  • Map Coordinate: F
  • MLS Map Num: Central Gardens
Taxes and HOA Information
  • Hot Water: Other (See REMARKS)
  • LVT Date: 03-09-2024
Property
Lot Information
  • Lot Size: 125X200
  • Lot Num: 14-15
  • Parcel ID: 015029 00024
  • Zoning: RU-4
Property and Assessments
  • Amenities: Other (See REMARKS)
  • Foundation: Slab
  • Percent Occupancy: 100
  • Service Type: Full Service Listing
  • Syndicate Listing To: Zillow Group
Interior and Exterior Features
Exterior Features
  • Roof: Composition
Interior Features
  • Floors/Ceilings: Partial Carpet
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 24
  • Num of 2 Bedroom Units: 0
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 1
  • Num Other Units: 0
  • Assumption: No Assumption
  • Construction: Brick
  • Cooling Systems: Other (See Remarks)
  • Existing Financing: Clear
  • Gross Potential Annl Rent: $187,260
  • Heating Systems: Gas
  • Laundry: Common Laundry
  • Operating Expenses: Insurance, Management, Repairs/Maintenance, Taxes, Trash Collection
  • Parking Facility: Asphalt/Blacktop
  • Possession: At Closing, Tenants Rights
  • Sale Includes: Building and Land
  • Source Of Info: Current Records
  • Tenant Pays: Other (Call LA)
  • Type Units: 1 BR - 1 Bath

Property History for 774 Melrose Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 774 Melrose Street

Taxable ValueLand$12,520Additions$397,360Total$409,880
Tax Record2022$24,968 ($2,081 / month)
Home Facts
Baths2Total Finished SqFt11,016 SqFtAbove Grade Finished SqFt11,016 SqFtStories1Lot Size24,960 SqFtStyleMulti-Family Res (5+ Units)Year Built1956Year Renovated1995ZoningRU-4CountySHELBYAPN015-029- - -00024Fireplace TypeHas Fireplace

Schools near 774 Melrose Street

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Bruce Elementary School
Public - PK to 5
Bellevue Junior High School
Public - 6 to 8
Central High School
Public - 9 to 12
Soulsville Charter School
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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More information about 774 Melrose Street, Memphis, TN 38104

774 Melrose Street is a multi-family home for sale in Memphis, TN 38104. This property was listed for sale on March 9, 2024 by Leco Realty, Inc., it's currently listed at $1,750,000. It has been on the market for a total of 63 days and was last sold on June 19, 2021. This listing's school districts are Shelby County Schools, Achievement School District. Nearby schools include Bruce Elementary School, Bellevue Junior High School and Central High School. 774 Melrose Street is a 0-bed, 0-bath, multi-family home built in 1956.

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 Leco Realty, Inc.