REDUCED!! Motivated Seller, Great Mulit-family Investment Opportunity! fourplex all brick building all on separate meters. 2-1 bedroom units, 2-2 bedroom units with central air and heat. All units are currently rented. Estimated total rents $2700! Quiet street off Elvis Presley. DO NOT DISTURB Tenants!
Multi-familyProperty Type
1963Year Built
$68Est. Price/Sq.Ft.
Listed by Ludora Cooper• Prime Realty & Investments
Bought with Ludora Cooper• Prime Realty & Investments
Memphis Area Association of Realtors(R) MLS #10156417
Mar 22, 2024
Sold
$212,000
$73/sq ft
Dec 8, 2023
Price Changed
$233,000
$80/sq ft
Nov 25, 2023
Price Changed
$241,000
$83/sq ft
Nov 16, 2023
Price Changed
$245,000
$84/sq ft
Nov 9, 2023
Price Changed
$249,000
$86/sq ft
Oct 23, 2023
Price Changed
$253,000
$87/sq ft
Oct 4, 2023
Price Changed
$260,000
$90/sq ft
Sep 11, 2023
Listed
$265,000
$91/sq ft
APPFOLIO #1
Oct 4, 2023
Rental Removed
$675
$0/sq ft
Aug 24, 2023
Price Changed
$675
$0/sq ft
Memphis Area Association of Realtors(R) MLS #10018617
Jul 11, 2018
Sold
$69,500
$24/sq ft
Jan 17, 2018
Listed
$79,500
$27/sq ft
Two bedroom all brick multi-family unit on a quiet street. Roof in good condition. Central air and heat. This could really be a good investment. Property has great potential.
Public Records
Apr 16, 2013
Sold
$146,624
$51/sq ft
Memphis Area Association of Realtors(R) MLS #3263152
Mar 18, 2013
Sold
$21,000
$7/sq ft
Jan 18, 2013
Listed
$25,000
$9/sq ft
+2
This multi unit is on a quiet street that has great potential. Brick structure, roof not in bad shape. Foreclosure no wait period. Include proof of funds with offer. Rent rolls are not available. Occupancy was never verified by owner or listing agent.
Public Records
May 10, 2006
Sold
$88,000
$30/sq ft
Memphis Area Association of Realtors(R) MLS #2517491
Apr 26, 2004
Sold
$75,000
$26/sq ft
Jul 10, 2002
Listed
$75,000
$26/sq ft
Public Records
Jul 29, 1999
Sold
$115,000
$40/sq ft
Memphis Area Association of Realtors(R) MLS #9902074
Jul 29, 1999
Sold
$72,000
$25/sq ft
Feb 4, 1999
Listed
$82,500
$28/sq ft
Public Records
Jan 29, 1998
Sold
$70,000
$24/sq ft
Memphis Area Association of Realtors(R) MLS #239726
Jun 16, 1997
Listed
$80,000
$28/sq ft
Memphis Area Association of Realtors(R) MLS #240470
Jun 16, 1997
Listed
$80,000
$28/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,997 (+62.8%)
$7,640 + $68,200
$75,840
2024
$2,455 (+8.1%)
$7,640 + $68,200
$75,840
2023
$2,271
$6,400 + $30,880
$37,280
2022
$2,271 (−1.2%)
$6,400 + $30,880
$37,280
2021
$2,298 (−3.6%)
$6,400 + $30,880
$37,280
2020
$2,382
$6,400 + $30,880
$37,280
2019
$2,382
$6,400 + $26,480
$32,880
2018
$2,382 (+76.3%)
$6,400 + $26,480
$32,880
2017
$1,351 (−11.2%)
$6,400 + $26,480
$32,880
2016
$1,522
$6,400 + $26,480
$32,880
2014
$1,522
$6,400 + $28,440
$34,840
Tax history for 1379 Ferguson Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,997 (+62.8%)
$7,640 + $68,200
$75,840
2024
$2,455 (+8.1%)
$7,640 + $68,200
$75,840
2023
$2,271
$6,400 + $30,880
$37,280
2022
$2,271 (−1.2%)
$6,400 + $30,880
$37,280
2021
$2,298 (−3.6%)
$6,400 + $30,880
$37,280
2020
$2,382
$6,400 + $30,880
$37,280
2019
$2,382
$6,400 + $26,480
$32,880
2018
$2,382 (+76.3%)
$6,400 + $26,480
$32,880
2017
$1,351 (−11.2%)
$6,400 + $26,480
$32,880
2016
$1,522
$6,400 + $26,480
$32,880
2014
$1,522
$6,400 + $28,440
$34,840
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
6
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
0.27 Acres
Year renovated
1985
Sq. Ft.
2,900
Year built
1963
Style
Multi-Family (2-4 Unit)
County
Shelby County
APN
060162 00011
Parking Spaces
—
Basement
No
Accessible
No
HOA Dues
—
Garage
No
Features
—
Last updated by owner on Apr 25, 2024.
RU-3
Residential Urban-3 District
Residential development in the RU-3 District allows a variety of housing types including single-family detached (conventional, side yard house, Cottage), single-family attached (semi-attached, two-family, townhouse), and multifamily (large home, stacked townhouse, apartment). New RU-3 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, RU-3 districts should have a shared street network with and are generally located at least 500 ft from a CMU-1, CMU2, CMU-3, or CBD district or are within 500 ft of an arterial.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Educational/school
Fire house
Police station
Recreation
Park & open space
Oct 7, 2020 • Final
Residential mechanical
Install new air conditioning condensers and evaporator coils.
HVAC
Oct 7, 2020 • Final
Residential mechanical
Test the gas piping and install a gas water heater.
Gas
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Facility: Gravel
Interior
Interior Features
# of Stories: 1
Floors/Ceilings: Tile, Wood Laminate Floors
Connections
Multi-Unit Information
# of 1 Bedroom Units: 2
# of 2 Bedroom Units: 2
# of Units (Total): 4
Type of Units: 1 Br - 1 Bathroom, 2 Br - 1 Bathroom
Insurance, Management, Repairs/Maintenance, Taxes
Exterior
Exterior Features
Foundation: Slab
Roof: Shingle/Shake
Lot Information
Parcel ID: 060162 00011
Lot #: 2
Lot Size: .27
Area: 748F
Property Information
# of Buildings: 1
Fourplex
Brick
Year Built: 1963
Financial
Tax Information
Annual City Tax: $1,007
Annual County Tax: $1,264
Lease / Rent Information
Type Of Leases: Year
Tenant Pays: All Utilities, Security Deposit, Trash Collection
Financing
New Financing: Conventional
Existing Financing: Conventional Fixed
Utilities
Utility Information
Hot Water: Gas
Heating Systems: Central, Gas
Cooling Systems: Central
Location
Location Details
Directions: S. On Elvis Presley to left on Ferguson Rd
MAAR Subdivision Name: KRAG
Public facts
Beds: 6
Baths: 4.0
Sq. Ft.: 2,900
Stories: —
Parking Spaces: —
Basement: No
Accessible: No
Lot Size: 0.27 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1963
Year Renovated: 1985
County: Shelby County
APN: 060162 00011
HOA Dues: —
Garage: No
Features: —
Home facts updated by owner on Apr 25, 2024
Other
Listing Information
Possession: At Closing
Around this home
Schools
Hamilton High School
Public 9-12 • Assigned • 1.8mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
17% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38106
Average low and high temperatures (°F)
46
30
56
38
70
50
76
58
78
63
87
72
92
77
89
71
85
67
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.6 hours in
June and 4.8 hours in December, placing it above the
U.S. average for solar exposure.