728 N Montgomery St

$330,000
Last List Price
10
Beds
4,500 Sq. Ft.
$73 / Sq. Ft.
4,500
Sq. Ft.
$73
per Sq. Ft.

Description

8 Unit Cash Flowing Portfolio w/ lots of upside value add potential. Portfolio consists of 3 duplexes and 2 single family homes. 1 fully-renovated duplex, 1BR/1BA on each side, rented at $700 per unit. 2 duplexes that need renovation. One is a 1BR/1BA and one is a 2BR/1BA. Estimated renovation budget of $50-60k per duplex. Reputable and trustworthy contractor available for recommendation if needed (Recently renovated the 3rd duplex). SFRs are rented at $800 & $750 /mo. As-Is Sale on all units. All...8 Unit Cash Flowing Portfolio w/ lots of upside value add potential. Portfolio consists of 3 duplexes and 2 single family homes. 1 fully-renovated duplex, 1BR/1BA on each side, rented at $700 per unit. 2 duplexes that need renovation. One is a 1BR/1BA and one is a 2BR/1BA. Estimated renovation budget of $50-60k per duplex. Reputable and trustworthy contractor available for recommendation if needed (Recently renovated the 3rd duplex). SFRs are rented at $800 & $750 /mo. As-Is Sale on all units. All property taxes, info and condition to be verified by purchaser during due diligence. Property management in place and can remain if purchases would like to continue. Management has great relationship with tenants. Do not disturb tenants. Any showings will be scheduled after an offer is accted.
  1. Listed by Clint Bolton • RE/MAX Realty Group • MidSouthRE@gmail.com

Property Details for 728 North Montgomery Street

Furnished
No
LISTING UPDATED: 11/14/2024 09:17 PM

Property Details for 728 North Montgomery Street

StatusClosed
MLS #4059075
Days on Market29
Taxes$6,500 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1951
Lot Size1.00 AC / 43,560 SF
CountyShelby County

Location

Listing Courtesy of RE/MAX Realty Group

Sold By Nonmls Office

Add your commute

Building Information for 728 North Montgomery Street

Stories-Residences8Year Built1951Building Size-Lot Size1.00 AC / 43,560 SF

Payment Calculator

$2,271 per month

30 year fixed, 6.845% Interest

Principal and Interest

$1,729

Property Taxes

$542

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 728 North Montgomery Street

Summary
Location and General Information
  • Directions: G P S to all addresses - Locations are as follows: 728 & 730 N Montgomery St (Duplex #1), 732 & 734 N Montgomery St (Duplex #2), 736 & 738 N Montgomery St (Duplex #3), 417 E Olive St & 4051 Chelsea Ave
  • Subdivision Name: Metes And Bounds
  • Latitude: 35.16
  • Longitude: -90.02
Taxes and HOA
  • Association Fee: $0
  • Tax Legal Description: As recorded: 728 & 730 N Montgomery St, 732 & 734 N Montgomery St, 736 & 738 N Montgomery St, 417 E Olive St, 4051 Chelsea Ave
  • Tax Year: 2022
  • Tax Annual Amount: $6,500.00
  • Tax and Financial Information:Tax Annual Amount: $6,500.00
  • Tax and Financial Information:Tax Year: 2,022.00
  • Tax and Financial Information:Homestead Y/N: No
  • Tax and Financial Information:Additional Exemptions Y/N: No
  • Tax and Financial Information:Flood Insurance Required?: No
  • Tax and Financial Information:Leasehold Y/N: No
  • Tax and Financial Information:Association: No
  • Tax and Financial Information:Covenants Y/N: No
  • Tax and Financial Information:Legal Description: As recorded: 728 & 730 N Montgomery St, 732 & 734 N Montgomery St, 736 & 738 N Montgomery St, 417 E Olive St, 4051 Chelsea Ave
Parking
  • Parking Features: Off Site, On Street
  • Attached Garage: No
  • Parking Features:Off Site: Yes
  • Parking Features:On Street: Yes
Property
Lot Information
  • Lot Size Acres: 1.0
  • Year Built Source: Assessor
  • Structure Type: See Remarks
  • Living Area Source: Assessor
  • Building Area Total: 4500.0
  • Lot Size Area: 1.0
  • Lot Size Units: Acres
  • Lot Size Square Feet: 43560.0
  • Waterfront Features:Waterfront: No
Property and Assessments
  • New Construction: No
  • Disclosures: Agent Owned
  • Floor Plans Count: 0
  • Property Type: Res Income Multi-Fam
  • Year Built: 1951
  • General Property Information:New Construction: No
  • General Property Information:# of Units Included in Sale: 8.00
  • General Property Information:Approx Lot Size Acres: 1.00
  • General Property Information:SqFt Source: Assessor
  • General Property Information:Year Built Source: Assessor
  • General Property Information:Total Floors: 1.00
  • General Property Information:Bathrooms Half: .00
  • General Property Information:Bathrooms Three Quarter: .00
  • General Property Information:Furnished: No
  • General Property Information:Accessibility Features: No
Utilities
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
Interior and Exterior Features
Exterior Features
  • Roof: Asphalt, Shingle
  • Construction Materials: Aluminum Siding, Brick, Fiberglass Siding
  • Foundation Details: Conventional
  • Exterior Features: See Remarks
Interior Features
  • Cooling: Central Air, Window Unit(s)
  • Heating: Wall Furnace, Natural Gas
  • Levels: One
  • Sewer: Public Sewer
  • Water Source: Public
  • Bathrooms Total Integer: 6
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Notational: 6.00
  • Bedrooms Total: 10
  • Bathrooms Full: 6
  • Bathrooms Half: 0
Multi Family
Multi Family Information
  • Number Of Units Total: 8
Rental
Rental Information
  • Owner Pays: Exterior Maintenance, Taxes

Property History for 728 North Montgomery Street

DateEvent & SourcePriceAppreciation
Nov 17, 2023

Sold

MAARMLS #10156917

—
Nov 17, 2023

Sold

MAARMLS #10156917

—
Nov 17, 2023

Sold

MAARMLS #10156917

—
Nov 16, 2023

Sold

GCAOR MLS #4059075

—
Nov 1, 2023

Contract Signed

MAARMLS #10156917

—
Oct 18, 2023

Contract Out

MAARMLS #10156917

—
Oct 16, 2023

Contract Signed

GCAOR MLS #4059075

—
Sep 18, 2023

Listed (Active)

GCAOR MLS #4059075

$330,000—
Sep 17, 2023

Listed (Active)

MAARMLS #10156917

$330,000—
May 5, 2022

Sold (Public Record)

Public Record #1904114182

—
May 5, 2022

Sold (Public Record)

Public Record #1490396844

—
DateEvent & SourcePrice
11/17/2023

Sold

MAARMLS #10156917

—
11/17/2023

Sold

MAARMLS #10156917

—
11/17/2023

Sold

MAARMLS #10156917

—
11/16/2023

Sold

GCAOR MLS #4059075

—
11/01/2023

Contract Signed

MAARMLS #10156917

—
10/18/2023

Contract Out

MAARMLS #10156917

—
10/16/2023

Contract Signed

GCAOR MLS #4059075

—
09/18/2023

Listed (Active)

GCAOR MLS #4059075

$330,000
09/17/2023

Listed (Active)

MAARMLS #10156917

$330,000
05/05/2022

Sold (Public Record)

Public Record #1904114182

—
05/05/2022

Sold (Public Record)

Public Record #1490396844

—

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

Public Records for 728 North Montgomery Street

Taxable ValueLand$2,200Additions$29,080Total$31,280
Tax Record2024$2,060 ($172 / month)
Home Facts
Baths6Total Finished SqFt1,404 SqFtAbove Grade Finished SqFt1,404 SqFtStories1Lot Size3,398 SqFtStyleDuplexYear Built1951Year Renovated2009ZoningRU-1CountySHELBYAPN021-090- - -00041Fireplace TypeHas Fireplace

Schools near 728 North Montgomery Street

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

Grandview Heights Middle
Public6 to 8

Manassas High School
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.

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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 RE/MAX Realty Group

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR and Central West Tennessee Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the MAAR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR and Central West Tennessee Association of Realtors. Listing information Copyright© 2025 MLS of MAAR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.