Great Investment opportunity with 24 one bedroom units 100% occupied. This property has many recent upgrades including new roof, exterior painting and more. Leco Realty has professionally managed property for several years. Annual cash flow numbers /rent rolls available upon request. Laundry facilities on site for additional income. Please do not disturb or contact any tenants. Make any offer subject to inspections. Property is being sold "as is". Property sold subject to tenants rights.
Property Details
Property Features
Property Information:
Year Built: 1956
Listing Office:
Office Name: Leco Realty, Inc.
Interior Features
Interior Information:
Basement: Yes
Flooring Type: Partial Carpet
Exterior Features
Parking Information:
Parking: Asphalt/Blacktop
Utilities
Utilities Information:
Heating: Natural Gas
Cooling: Other
School Info
Assigned Schools Information:
Memphis Virtual School, Public District Grades 6-12
Other
Directions Information:
Directions: South on Melrose from Central Ave. ; Property located on the left.
Price Information
Listing Price Info
Price Summary:
List Price: $1,750,000
Tax Information:
Annual Amount: $29,675
Tax Year: 2021
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
High School
1
/10
Memphis Virtual School
3772 Jackson Ave
Distance between this listing and this school5.77 miles
Public District Grades 6-12
Nearby Schools
4
/10
Rozelle Elementary School
993 Roland St
Distance between this listing and this school0.48 miles
Public Magnet Grades KG-5
4
/10
Bruce Elementary School
581 S Bellevue Blvd
Distance between this listing and this school0.68 miles
Public District Grades PK-5
8
/10
Idlewild Elementary School
1950 Linden Ave
Distance between this listing and this school1.09 miles
Public Magnet Grades KG-5
Nearby Schools
5
/10
Bellevue Middle School
575 S Bellevue Blvd
Distance between this listing and this school0.60 miles
Public Magnet Grades 6-8
4
/10
Cummings School
1037 Cummings St
Distance between this listing and this school0.96 miles
Public Magnet Grades PK-8
2
/10
Ida B Wells Academy
995 S Lauderdale St
Distance between this listing and this school1.80 miles
Public District Grades 6-8
Assigned Schools
1
/10
Memphis Virtual School
3772 Jackson Ave
Distance between this listing and this school5.77 miles
Public District Grades 6-12
Nearby Schools
3
/10
Central High School
306 S Bellevue Blvd
Distance between this listing and this school0.71 miles
Public Magnet Grades 9-12
3
/10
Soulsville Charter School
910 E Mclemore Ave
Distance between this listing and this school1.24 miles
The neighbors living near this home have an average income of $47,015. Most Memphis, TN residents have annual incomes between $35k-100k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 774 Melrose St
What is the listing price of this property?
The listing price of 774 Melrose St property is $1,750,000.
What type of property is this?
The property 774 Melrose St is a condo located in Memphis, Tennessee, 38104.
Is this property for sale now?
Active Listing: 774 Melrose St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 774 Melrose St are: Memphis Virtual School: GreatSchools Rating 1/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $29,675 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 28, 2021 for $1,600,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 774 Melrose St is 1956.
This home is located at 774 Melrose St in Memphis, TN and zip code 38104 in the Central Gardens neighborhood. This home was built in 1956. It has been listed on Rocket Homes since March 09, 2024 and is currently priced at $1,750,000.
While more than 91 listings in Memphis, TN in May 2024 were sold above asking price, there were more than 113 listings sold at asking price, and more than 284 were sold below. The number of listings in Memphis, TN increased by 11.4% between April 2024 and May 2024. While the average time on the market in May 2024 was 96 days, the median list price was $192,881.
From Rocket Homes Real Estate and based on county public records data.