1261 Central Avenue

Memphis, TN 38104

$500,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a front view of a house with garden
a front view of a house with entertaining space
a front view of a house with a yard
a view of building along with trees
a living room with a couch
a view of a building with a porch
a bedroom with a bed and flat screen tv
a bathroom with a granite countertop toilet sink and mirror
a bedroom with furniture and a chandelier
a front view of a house with a yard covered in snow
a kitchen with stainless steel appliances granite countertop sink stove top oven and cabinets
a view of entryway with a front door
a view of a brick buildings with many windows

Description

Beautiful 6 unit multifamily in the heart of midtown with easy access to the medical district, dining, shopping and entertainment. Fully occupied with value add opportunity with cosmetic upgrades. A must see for any investor.Beautiful 6 unit multifamily in the heart of midtown with easy access to the medical district, dining, shopping and entertainment. Fully occupied with value add opportunity with cosmetic upgrades. A must see for any investor.
  1. Listed by Kelly Day • SimpliHOM

Property Details for 1261 Central Avenue

Area
746F
MAAR Subdivision Name
ANNESDALE
Legal Subdivision Name
SNOWDEN HOMESTEAD
LISTING UPDATED: 09/02/2024 06:30 PM

Property Details for 1261 Central Avenue

StatusActive
MLS #10180386
Days on Market83
Taxes$5,141 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Converted House
Year Built1917
Lot Size0.21 AC / 9,000 SF
CountyShelby County

Building Information for 1261 Central Avenue

Stories2Residences6Year Built1917Building Size-Lot Size0.21 AC / 9,000 SF

Property Information for 1261 Central Avenue

Summary
Location and General Information
  • Address: 1261 CENTRAL AVE
  • Address Search Number: 1261
  • Directions: Directions: From I-240 take Exit 23A to merge onto Airways Blvd. Turn Left onto Lamar Ave. Turn left onto W Snowden Circle. Turn Right onto Central.
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Quality: .95
  • Geo Update Timestamp: 09-02-2024
  • Geo Zoom Level: 16.00
  • Map Coordinate: F
  • MLS Map Num: Central Gardens
Taxes and HOA Information
  • Hot Water: Gas
Property
Lot Information
  • Lot Size: 60X150
  • Lot Num: 33
  • Parcel ID: 015012 00007
Property and Assessments
  • Foundation: Conventional/Crawl Space, Partial Basement
  • Percent Occupancy: 100
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Pitched, Shingle/Shake
Interior Features
  • Floors/Ceilings: Partial Carpet, Tile, Wood Laminate Floors
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 2
  • Num of 2 Bedroom Units: 1
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 3
  • Num of Buildings: 1
  • Num Other Units: 0
  • Annual Operating Expenses: $25,500
  • Assumption: No Assumption
  • Average Annual Utilities: $0
  • Construction: Brick, Stone
  • Cooling Systems: 1 Window Unit per Unit
  • Existing Financing: Other (See REMARKS)
  • Gross Potential Annl Rent: $61,224
  • Heating Systems: Wall Heat
  • Improved Sqft: 2748
  • Laundry: None
  • Leaseable Sqft: 2748
  • Operating Expenses: Accounting/Legal, Advertising, Insurance, License/Permits, Repairs/Maintenance, Services, Taxes
  • Parking Facility: Gravel
  • Possession: At Closing
  • Sale Includes: Building and Land
  • Source Of Info: Owner
  • Tenant Pays: All Utilities
  • Type Units: 1 BR - 1 Bath, 2 BR - 1 Bath, Efficiency/Studio

Property History for 1261 Central 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 1261 Central Avenue

Taxable ValueLand$14,560Additions$69,840Total$84,400
Tax Record2023$5,141 ($428 / month)
Home Facts
Baths1Total Finished SqFt2,748 SqFtAbove Grade Finished SqFt2,748 SqFtStories1Lot Size8,973 SqFtStyleMulti-Family Res (5+ Units)Year Built1917ZoningR-6CountySHELBYAPN015-012- - -00007Fireplace TypeSingle

Schools near 1261 Central Avenue

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 1261 Central Avenue, Memphis, TN 38104

1261 Central Avenue is a multi-family home for sale in Memphis, TN 38104. This property was listed for sale on September 2, 2024 by SimpliHOM, it's currently listed at $500,000. It has been on the market for a total of 83 days and was last sold on August 24, 2022. 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. 1261 Central Avenue is a 0-bed, 0-bath, multi-family home built in 1917.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SimpliHOM