481 Walker Avenue

Memphis, TN 38126

$549,900
Price
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Beds
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Description

Investor opportunity! This 6-unit apartment building features six units leased at $800 each! Each unit has 2 bedrooms and 1 bathroom, and the property offers ample tenant parking. The roof was replaced in 2019, and central heat and air were updated in 2018. The sale includes an additional lot at 487 Walker Ave. Property is being sold as-is.Investor opportunity! This 6-unit apartment building features six units leased at $800 each! Each unit has 2 bedrooms and 1 bathroom, and the property offers ample tenant parking. The roof was replaced in 2019, and central heat and air were updated in 2018. The sale includes an additional lot at 487 Walker Ave. Property is being sold as-is.
  1. Listed by Juan Torres • Fast Track Realty, LLC

Property Details for 481 Walker Avenue

Area
745E
MAAR Subdivision Name
WASHINGTON HEIGHTS BLK 1
Legal Subdivision Name
WASHINGTON HGTS BLK 1
LISTING UPDATED: 11/17/2024 08:00 PM

Property Details for 481 Walker Avenue

StatusActive
MLS #10185375
Days on Market3
Taxes$1,501 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Building
Year Built1973
Lot Size0.28 AC / 12,075 SF
CountyShelby County

Building Information for 481 Walker Avenue

Stories2Residences6Year Built1973Building Size-Lot Size0.28 AC / 12,075 SF

Property Information for 481 Walker Avenue

Summary
Location and General Information
  • Address: 481 WALKER AVE
  • Address Search Number: 481
  • Directions: Take the ramp onto I-240 W~Merge onto I-240 W~Take the exit onto I-240 N/I-69~Take exit 28B for S Pkwy W~Turn right onto Bullington Ave~Turn right onto Mississippi Blvd~Turn left onto Walker Ave~Destination will be on the left
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Quality: .95
  • Geo Update Timestamp: 11-18-2024
  • Geo Zoom Level: 16.00
  • Map Coordinate: E
  • MLS Map Num: South Bluffs/Downtown
Taxes and HOA Information
  • Hot Water: Electrical
  • LVT Date: 11-17-2024
  • Annual Insurance Expenses: $4,848
Property
Lot Information
  • Lot Size: 75 X 161
  • Lot Num: 42&PT 41
  • Parcel ID: 025028 00004C
Property and Assessments
  • Foundation: Slab
  • Percent Occupancy: 100
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Composition
Interior Features
  • Floors/Ceilings: Vinyl Floor
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 0
  • Num of 2 Bedroom Units: 0
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 6
  • Num of Buildings: 1
  • Num Other Units: 0
  • Annual Misc Income: $600
  • Assumption: No Qualifying
  • Construction: Brick
  • Cooling Systems: Central
  • Existing Financing: Conventional Fixed
  • Heating Systems: Central
  • Laundry: Dryer in Unit, Washer in Unit
  • Operating Expenses: Taxes
  • Parking Facility: Concrete
  • Possession: Tenants Rights
  • Sale Includes: Building and Land
  • Source Of Info: Leases, Owner
  • Tenant Pays: All Utilities
  • Type Units: 2 BR - 1 Bath

Property History for 481 Walker 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 481 Walker Avenue

Taxable ValueLand$7,000Additions$17,640Total$24,640
Tax Record2023$1,501 ($125 / month)
Home Facts
Baths1Total Finished SqFt4,582 SqFtAbove Grade Finished SqFt4,582 SqFtStories1Lot Size12,066 SqFtStyleMulti-Family Res (5+ Units)Year Built1973ZoningR-6CountySHELBYAPN025-028- - -00004-CFireplace TypeHas Fireplace

Schools near 481 Walker Avenue

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - K to 8
Public - 9 to 12
Rating
School
Distance
Larose Elementary School
PublicPK to 5

B T Washington High School
Public6 to 12

Ida B Wells Academy
PublicK to 8

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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481 Walker Avenue is a multi-family home for sale in Memphis, TN 38126. This property was listed for sale on November 17, 2024 by Fast Track Realty, LLC, it's currently listed at $549,900. It has been on the market for a total of 3 days and was last sold on December 18, 2018. This listing's school districts are Shelby County Schools, Achievement School District. Nearby schools include Larose Elementary School, B T Washington High School and Ida B Wells Academy. 481 Walker Avenue is a 0-bed, 0-bath, multi-family home built in 1973.

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 Fast Track Realty, LLC