Newly Renovated Property! Great opportunity for an investor! This property is occupied by a tenant who is on a lease until 5/31/2025 and they are currently paying $1,095 per month. All of the major CAPEX items including the Roof, HVAC, and hot water heater were all brand new in 2019! This property is currently being professionally managed by Reedy and Company. No wholesale or creative financing offers.
Single-familyProperty Type
1967Year Built
9,583 sq ftLot Size
$118Est. Price/Sq.Ft.
1 spaceParking
Listed by Mark Hart• Reedy & Company, REALTORS
Bought with Dean Harris• CrestCore Realty MphsBrokerage
Memphis Area Association of Realtors(R) MLS #10168597
Aug 26, 2024
Sold
$104,000
$104/sq ft
Mar 25, 2024
Listed
$114,900
$115/sq ft
Memphis Area Association of Realtors(R) MLS #10042813
Dec 31, 2018
Sold
$75,000
$75/sq ft
Dec 19, 2018
Listed
$75,000
$75/sq ft
Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2018 standards! Target rent = $750 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
Public Records
Feb 27, 2012
Sold
$32,000
$32/sq ft
Public Records
Feb 26, 1999
Sold
$48,500
$49/sq ft
Public Records
Oct 10, 1967
Sold
$12,300
$12/sq ft
Public Records
May 24, 1967
Sold
$11,800
$12/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,273 (+28.6%)
$2,875 + $21,275
$24,150
2024
$989 (+8.1%)
$2,875 + $21,275
$24,150
2023
$915
$2,250 + $12,775
$15,025
2022
$915 (−1.2%)
$2,250 + $12,775
$15,025
2021
$926 (+21.1%)
$2,250 + $12,775
$15,025
2020
$764
$2,250 + $12,775
$15,025
2019
$764
$2,250 + $8,300
$10,550
2018
$764 (+76.3%)
$2,250 + $8,300
$10,550
2017
$434 (+1.1%)
$2,250 + $8,300
$10,550
2016
$429
$2,250 + $8,300
$10,550
2014
$429
$2,250 + $7,575
$9,825
Tax history for 4227 Hobson Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,273 (+28.6%)
$2,875 + $21,275
$24,150
2024
$989 (+8.1%)
$2,875 + $21,275
$24,150
2023
$915
$2,250 + $12,775
$15,025
2022
$915 (−1.2%)
$2,250 + $12,775
$15,025
2021
$926 (+21.1%)
$2,250 + $12,775
$15,025
2020
$764
$2,250 + $12,775
$15,025
2019
$764
$2,250 + $8,300
$10,550
2018
$764 (+76.3%)
$2,250 + $8,300
$10,550
2017
$434 (+1.1%)
$2,250 + $8,300
$10,550
2016
$429
$2,250 + $8,300
$10,550
2014
$429
$2,250 + $7,575
$9,825
*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
Beds
3
Baths
1
Stories
1
Lot width
70 ft.
Lot depth
140 ft.
Lot size
9,800 Sq. Ft.
Year renovated
1979
Sq. Ft.
988
Year built
1967
Style
Single Family Residential
County
Shelby County
APN
090052 00039
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
R-6
Residential Single Family-6 District
The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land-use pattern is predominately single-family residential or where such a land use pattern is desired in the future. Five single-family residential districts are established-R-6 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-6 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, R-6 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU-2, CMU-3, or CBD district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Infrastructure
Educational / school
Fire house
Police station
Recreation
Park & open space
Property details
Parking
Parking Information
# of Covered Parking Spaces: 1
Carport/Garage: Carport
Parking/Storage: Driveway/Pad
Attached/Detached Parking: Attached
Interior
Bedroom Information
# of Bedrooms (Lower): 3
# of Bedrooms: 3
# of Bedrooms: 3
# of Bedrooms Down: 3
Master Bedroom Dimensions:
Master Bedroom Dimensions:
Bathroom Information
# of Baths (Full): 1
# of Bathrooms (Full): 1
Interior Features
# of Rooms: 6
# of Stories: 1
1st Story Floor Plan: 2nd Bedroom, 3rd Bedroom, Dining Room, Kitchen, Living Room, 1 Bathroom, Master Bedroom
Floors/Ceilings: Tile, Hardwood Throughout
Room Information
Living Room Dimensions:
Dining Room Dimensions:
Den/Great Room Dimensions:
Dining Room Dimensions: 0x0
Living Room Dimensions: 0x0
Living/Dining/Kitchen: Living Room/Dining Room Combination, Updated/Renovated Kitchen
Den/Great Room Dimensions: 0x0
Additional Bedroom/Bathroom Info: All Bedrooms Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Wrought Iron Security Doors
Exterior/Windows: Brick Veneer, Wood/Composition
Foundation: Slab
Roof: Composition Shingles
Land Information
Acreage: 0.22
Lot Information
Parcel ID: 090052 00039
Lot #: 346
Lot Size: 70X140
Lot Description: Some Trees
Area: 731B
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Approx Heated Sq. Ft. Range: 1000-1199
Year Built: 1967
Financial
Tax Information
Annual City Tax: $406
Annual County Tax: $509
Financing
Buyer Contributions: 0
Utilities
Utility Information
Water & Sewer: Public Sewer, Public Water
Heating: Central
Cooling: Central
Location
Multi-Unit Information
Detached Unit Type: General Residential
Location Details
Directions: From Raleigh Millington Rd go west on Tessland, turn right on Hobson, house is on the left
MAAR Subdivision Name: NAM NI ESTATES BLK A-4
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 988
Stories: 1.0
Lot Size: 9,800 square feet
Style: Single Family Residential
Year Built: 1967
Year Renovated: 1979
County: Shelby County
APN: 090052 00039
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Egypt Elementary School
Public PreK-5 • Assigned • 0.6mi
4/10
Raleigh Egypt High School
Public 6-12 • Assigned • 0.5mi
4/10
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
16% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38128
Average low and high temperatures (°F)
46
29
57
36
71
50
78
58
79
62
89
72
93
76
89
70
85
66
77
55
65
48
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.5 hours in
June and 4.7 hours in December, placing it above the
U.S. average for solar exposure.
10.5 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$112,000 – $136,000
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