665 East Pontotoc Avenue

Memphis, TN 38126

$649,000
Price
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Description

Great upside and redevelopment opportunity on this value-add complex. Within walking distance to the FedEx forum and downtown Memphis. Over $1B in planned developments nearby. Now is the time to buy this one! All units are 2/1 and all brick. New Roof and decking. Tenents pay all utilities ex. water. Some renovations recently completed. Contact me today for more information!Great upside and redevelopment opportunity on this value-add complex. Within walking distance to the FedEx forum and downtown Memphis. Over $1B in planned developments nearby. Now is the time to buy this one! All units are 2/1 and all brick. New Roof and decking. Tenents pay all utilities ex. water. Some renovations recently completed. Contact me today for more information!
  1. Listed by John Cornes • Braden, Braden & Braden LLC
  2. Listed by Curtis Braden • Braden, Braden & Braden LLC

Property Details for 665 East Pontotoc Avenue

Area
745E
MAAR Subdivision Name
SHEPHERD BLK 59
Legal Subdivision Name
SHEPHERD BLK 59
LISTING UPDATED: 10/24/2024 03:25 PM

Property Details for 665 East Pontotoc Avenue

StatusActive
MLS #10163331
Days on Market355
Taxes$1,149 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Building
Year Built1967
Lot Size25.75 AC / 1,121,670 SF
CountyShelby County

Building Information for 665 East Pontotoc Avenue

Stories2Residences8Year Built1967Building Size-Lot Size25.75 AC / 1,121,670 SF

Property Information for 665 East Pontotoc Avenue

Summary
Location and General Information
  • Address: 665 E PONTOTOC AVE
  • Address Search Number: 665
  • Directions: From FedEx Forum keep east on MLK Ave, turn right on Oleans then left on Pontotoc Ave.
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Quality: .95
  • Geo Update Timestamp: 01-02-2024
  • Geo Zoom Level: 16.00
  • Map Coordinate: E
  • MLS Map Num: South Bluffs/Downtown
Taxes and HOA Information
  • Hot Water: Other (See REMARKS)
  • LVT Date: 01-02-2024
Property
Lot Information
  • Lot Size: 90/103 X 121
  • Lot Num: PT2&4*
  • Parcel ID: 007016 00003
Property and Assessments
  • Foundation: Slab
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Shingle/Shake, Pitched
Interior Features
  • Floors/Ceilings: Other (See Remarks)
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 0
  • Num of 2 Bedroom Units: 8
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 1
  • Num Other Units: 0
  • Assumption: Other (Call LA)
  • Construction: Brick
  • Cooling Systems: 1 Window Unit per Unit
  • Existing Financing: Other (See REMARKS)
  • Gross Potential Annl Rent: $144,000
  • Heating Systems: Wall Heat
  • Land Sqft: 11674
  • Laundry: None
  • Operating Expenses: Other (Call LA)
  • Parking Facility: Asphalt/Blacktop
  • Possession: At Closing, Tenants Rights
  • Sale Includes: Building and Land
  • Source Of Info: Estimated
  • Tenant Pays: Some Utilities
  • Type Units: 2 BR - 1 Bath

Property History for 665 East Pontotoc 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 665 East Pontotoc Avenue

Taxable ValueLand$10,440Additions$8,200Total$18,640
Tax Record2023$1,135 ($95 / month)
Home Facts
Baths1Total Finished SqFt5,600 SqFtAbove Grade Finished SqFt5,600 SqFtStories1Lot Size11,674 SqFtStyleMulti-Family Res (5+ Units)Year Built1967ZoningEMPCountySHELBYAPN007-016- - -00003Fireplace TypeHas Fireplace

Schools near 665 East Pontotoc Avenue

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 9 to 12
Charter - K to 10
Rating
School
Distance
Larose Elementary School
PublicPK to 5

B T Washington High School
Public6 to 12

Medical District High School
Public9 to 12

Southwest Early College High School
CharterK to 10

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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665 East Pontotoc Avenue is a multi-family home for sale in Memphis, TN 38126. This property was listed for sale on January 2, 2024 by Braden, Braden & Braden LLC, it's currently listed at $649,000. This listing's school districts are Shelby County Schools, Achievement School District. Nearby schools include Larose Elementary School, B T Washington High School and Medical District High School. 665 East Pontotoc Avenue is a 0-bed, 0-bath, multi-family home built in 1967.

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 Braden, Braden & Braden LLC