1616 Monroe Avenue

1616 Monroe Avenue

Memphis, TN 38104

$825,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a view of a house with backyard and porch
a view of a house with a garage
a view of balcony with wooden stairs
a view of a balcony
a view of front door and porch
an outdoor view of an entryway
a view of front door of house
a view of a house with a backyard and wooden fence
a view of a chairs and tables in the patio
a view of a patio with couches table and chairs
wooden floor in an empty room with a window
an empty room with a window and a chandelier fan
a view of a kitchen with a stove cabinets and wooden floor
wooden floor in an empty room with a window
a kitchen with stainless steel appliances granite countertop a refrigerator a stove and a wooden floors
a kitchen with kitchen island granite countertop a stove a sink and a refrigerator
a kitchen with stainless steel appliances granite countertop a refrigerator sink and white cabinets
a view of a kitchen with washer and dryer
a view of an empty room with a window
a view of empty room with wooden floor and fan
an empty room with wooden floor chandelier fan and windows
a view of an empty walk in closet
a bathroom with a sink toilet and bathtub

Description

This 8 unit building is located in Booming Mid Town Memphis. The property has been totally rehabbed. The units are all 1 bedroom. The scheduled monthly rents are 6925 per month. Drive by only. Please do not disturb residents.This 8 unit building is located in Booming Mid Town Memphis. The property has been totally rehabbed. The units are all 1 bedroom. The scheduled monthly rents are 6925 per month. Drive by only. Please do not disturb residents.
  1. Listed by Jeffrey Moore • Crye-Leike Commercial

Property Details for 1616 Monroe Avenue

Area
746B
MAAR Subdivision Name
INGLESIDE
Legal Subdivision Name
INGLESIDE

Location

Listing Courtesy of Crye-Leike Commercial
Add your commute
LISTING UPDATED: 05/21/2024 04:20 PM

Property Details for 1616 Monroe Avenue

StatusActive
MLS #10171027
Days on Market39
Taxes$12,749 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Building
Year Built1960
Lot Size0.18 AC / 7,875 SF
CountyShelby County

Location

Listing Courtesy of Crye-Leike Commercial
Add your commute

Building Information for 1616 Monroe Avenue

Stories2Residences8Year Built1960Building Size-Lot Size0.18 AC / 7,875 SF

Payment Calculator

$5,565 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,502

Property Taxes

$1,062

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1616 Monroe Avenue

Summary
Location and General Information
  • Address: 1616 MONROE AVE
  • Address Search Number: 1616
  • Directions: Take Madison (W) to Belvedere. Go (S) on Belvedere to Monroe. Go (W) on Monroe to 1616 Monroe
  • Map Coordinate: B
  • MLS Map Num: Central Gardens
Taxes and HOA Information
  • Hot Water: Electrical
  • LVT Date: 04-26-2024
  • Annual Insurance Expenses: $4,510
Property
Lot Information
  • Lot Size: 50 X 157.5
  • Lot Num: 14
  • Parcel ID: 017039 00027
Property and Assessments
  • Foundation: Slab
  • Percent Occupancy: 100
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Pitched
Interior Features
  • Appliances / Equipment: Refrigerator, Range/Oven (Freestanding), Dishwasher, Microwave
  • Floors/Ceilings: Tile
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 8
  • 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
  • Annual Operating Expenses: $21,920
  • Assumption: No Assumption
  • Average Annual Utilities: $2,501
  • Construction: Brick/Veneer
  • Cooling Systems: Central
  • Existing Financing: Conventional Adjustable
  • Heating Systems: Central
  • Improved Sqft: 4000
  • Land Sqft: 7875
  • Laundry: Washer in Unit, Dryer in Unit
  • Miscellaneous Exterior: Partically Fenced
  • Operating Expenses: Insurance, Some Utilities, Repairs/Maintenance, Taxes
  • Parking Facility: Asphalt/Blacktop
  • Possession: Tenants Rights
  • Sale Includes: Building and Land
  • Source Of Info: Owner
  • Tenant Pays: Some Utilities
  • Type Units: 1 BR - 1 Bath

Property History for 1616 Monroe Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1616 Monroe Avenue

Taxable ValueLand$12,120Additions$197,160Total$209,280
Tax Record2022$12,749 ($1,062 / month)
Home Facts
Baths1Total Finished SqFt4,000 SqFtAbove Grade Finished SqFt4,000 SqFtStories1Lot Size7,841 SqFtStyleMulti-Family Res (5+ Units)Year Built1960Year Renovated2000ZoningRU-4CountySHELBYAPN017-039- - -00027Fireplace TypeHas Fireplace

Schools near 1616 Monroe Avenue

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Idlewild Elementary School
Public - K to 5
Memphis Academy Of Science Engineering
Charter - 6 to 12
Central High School
Public - 9 to 12
Mcs Prep School - Northwest
Public - 9 to 12
Rating
School
Distance
Idlewild Elementary School
PublicK to 5

Memphis Academy Of Science Engineering
Charter6 to 12

Central High School
Public9 to 12

Mcs Prep School - Northwest
Public9 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Monroe Avenue

Neighborhoods

Cities

ZIPs

More information about 1616 Monroe Avenue, Memphis, TN 38104

1616 Monroe Avenue is a multi-family home for sale in Memphis, TN 38104. This property was listed for sale on April 25, 2024 by Crye-Leike Commercial, it's currently listed at $825,000. It has been on the market for a total of 39 days and was last sold on July 9, 2020. This listing's school districts are Shelby County Schools, Achievement School District. Nearby schools include Idlewild Elementary School, Memphis Academy Of Science Engineering and Central High School. 1616 Monroe Avenue is a 0-bed, 0-bath, multi-family home built in 1960.

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 Crye-Leike Commercial