Presented is a mostly turn-key apartment complex located within the highly desired Berclair neighborhood. All 5 building recently painted, new roof (under warranty), 7" titanium gutters installed on all building, most of the units have been completed rehabbed, and the seller recently purchase a SkyCop. Drive by only.
Multi-familyProperty Type
1962Year Built
Listed by Patrick Bingham• Bingham Realty
Bought with Alexander Hugo• Reedy & Company, REALTORS
Memphis Area Association of Realtors(R) MLS #10052664
Jun 27, 2019
Sold
$1,400,000
May 15, 2019
Listed
$1,400,000
Public Records
Apr 18, 2016
Sold
$725,000
Public Records
Sep 27, 1991
Sold
$529,850
Year
Property tax
Land + Additions
Assessment*
2025
$20,208 (−20.6%)
$36,600 + $346,800
$383,400
2024
$25,446 (+8.1%)
$36,600 + $346,800
$383,400
2023
$23,538
$30,200 + $356,200
$386,400
2022
$23,538 (−1.2%)
$30,200 + $356,200
$386,400
2021
$23,814 (+38.3%)
$30,200 + $356,200
$386,400
2020
$17,219
$30,200 + $356,200
$386,400
2019
$17,219
$30,200 + $207,440
$237,640
2018
$17,219 (+76.3%)
$30,200 + $207,440
$237,640
2017
$9,767 (+31.1%)
$30,200 + $207,440
$237,640
2016
$7,448
$30,200 + $207,440
$237,640
2014
$7,448
$30,200 + $140,240
$170,440
Tax history for 972 Berclair Rd
Year
Property tax
Land + Additions
Assessment*
2025
$20,208 (−20.6%)
$36,600 + $346,800
$383,400
2024
$25,446 (+8.1%)
$36,600 + $346,800
$383,400
2023
$23,538
$30,200 + $356,200
$386,400
2022
$23,538 (−1.2%)
$30,200 + $356,200
$386,400
2021
$23,814 (+38.3%)
$30,200 + $356,200
$386,400
2020
$17,219
$30,200 + $356,200
$386,400
2019
$17,219
$30,200 + $207,440
$237,640
2018
$17,219 (+76.3%)
$30,200 + $207,440
$237,640
2017
$9,767 (+31.1%)
$30,200 + $207,440
$237,640
2016
$7,448
$30,200 + $207,440
$237,640
2014
$7,448
$30,200 + $140,240
$170,440
*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
2
Baths
1
Stories
—
Lot width
305 ft.
Lot depth
—
Lot size
1.05 Acres
Year renovated
—
Sq. Ft.
5,320
Year built
1962
Style
Multi-Family (5+ Unit)
County
Shelby County
APN
063003 00001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
CMU-1
Commercial Mixed Use-1 District
The commercial mixed use districts are intended to accommodate retail, service and commercial uses and to ensure that commercial-zoned areas are compatible with the character of existing neighborhoods. While the districts primarily accommodate commercial uses, apartments and upper-story residential are allowed in order to promote live/work and mixed use opportunities. To provide for additional housing choice, single-family detached is permitted in the CMUdistricts. The CMU districts are not intended to provide for areas exclusively dominated by any one particular use but provide for neighborhoods that successfully integrate several types of compatible uses together.; The CMU-1 District is intended to provide for neighborhood serving commercial, office, and employment uses. Residential uses are encouraged above the ground floor. Compatible nonresidential uses should be located within walking distance to the established residential neighborhoods they are designated to serve. Auto-oriented uses are not appropriate in this district. Typical retail uses vary from 1,000 to 15,000 sq ft of ground floor area.
Permitted uses
Include but are not limited to:
Convenience store
Day care facility
General retail
Restaurant
Housing-Single unit
Housing-Multiple units
Infrastructure
Mixed use
Office
Medical office
Oct 7, 2020 • Final
Residential mechanical
Perform an air test on a residential building.
HVAC
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: Asphalt/Blacktop
Interior
Interior Features
Floors/Ceilings: Partial Carpet
Equipment Leased
Multi-Unit Information
# of 1 Bedroom Units: 1
# of 2 Bedroom Units: 38
# of Units (Total): 39
Percent Occupancy: 90
Type of Units: 1 Br - 1 Bathroom, 2 Br - 1 Bathroom
Gross Potential Annual Rent: $239,400
Annual Insurance Expenses: $8,900
Management
Exterior
Exterior Features
Foundation: Laundry Facility
Roof: Composition
Lot Information
Parcel ID: 063003 00001
Lot Size: 150X305
Area: 753A
Property Information
# of Buildings: 5
Apartment Complex
Brick
Year Built: 1962
Financial
Tax Information
Annual City Tax: $7,774
Annual County Tax: $9,767
Lease / Rent Information
Type Of Leases: Year
Tenant Pays: All Utilities
Actual Annual Rent: $165,828
Financing
New Financing: Conventional
Existing Financing: Conventional Adjustable
Utilities
Utility Information
Hot Water: Public Water
Heating Systems: Central
Cooling Systems: Central
Location
Location Details
Directions: Take exit 9 for Perkins Rd, Turn right on N Perkins Rd, Turn left onto Tutwiler Ave, Turn right onto Berclair Rd
MAAR Subdivision Name: Berclair Vista
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 5,320
Stories: —
Lot Size: 1.05 acres
Style: Multi-Family (5+ Unit)
Year Built: 1962
Year Renovated: —
County: Shelby County
APN: 063003 00001
Home facts updated by county records on Jul 13, 2026
Other
Listing Information
Possession: At Closing
Around this home
Schools
Berclair Elementary School
Public PreK-5 • Assigned • 0.4mi
4/10
Treadwell Middle School
Public 6-8 • Assigned • 1.8mi
5/10
Kingsbury High School
Public 9-12 • Assigned • 1.0mi
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
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 • 38122
Average low and high temperatures (°F)
47
30
57
38
71
50
78
58
79
63
89
72
93
77
90
71
85
68
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 10.5 hours in
June and 4.8 hours in December, placing it above the
U.S. average for solar exposure.
Property information provided by Memphis Area Association of Realtors(R) MLS when last listed in 2019. This data may not match public records. Learn more.