10 days on rocket

1616 Monroe Ave N, Memphis, TN, 38104

$859,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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1616 Monroe Ave N, Memphis$859,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAsphalt/Blacktop
Year Built1960
HeatingCentral
CoolingCentral Air
BasementYes
MLS #10171027
StatusActive

About 1616 Monroe Ave N

This 8 unit building is located in Booming Mid Town Memphis. The property has been totally rehabbed. The units are all 1 bedroom. The scheduled monthly rents are 6925 per month. Drive by only. Please do not disturb residents.

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Stories: 2

Listing Office:

  • Office Name: Crye-Leike Commercial

Interior Features

Interior Information:

  • Appliances: Refrigerator, Range, Oven, Dishwasher, Microwave
  • Basement: Yes
  • Flooring Type: Tile

Exterior Features

Exterior Information:

  • Exterior: Partically Fenced

Parking Information:

  • Parking: Asphalt/Blacktop

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

  • Directions: Take Madison (W) to Belvedere. Go (S) on Belvedere to Monroe. Go (W) on Monroe to 1616 Monroe

Price Information

Listing Price Info

Price Summary:

  • List Price: $859,000
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Housing Market Comparison

See how this home compares to others in Memphis, TN.

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Memphis, TN

City

Med. Sold Price

$195.6K

Med. Price/SqFt

$130

# of Sold Homes

471

1616 Monroe Ave N vs Memphis

10 DAYS ON ROCKET

$859,000

+$663.3K More

KEY TAKEAWAY

This property is $663.3K more than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #10171027

Listing Office:

  • Office Name: Crye-Leike Commercial

Copyright© 2024 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/7/2024, 1:20:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,355

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,642

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NMLS#3030

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

school-card-donut-7565647
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 4.98 miles

  • Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,250. Residents of Memphis, TN typically earn less than $35k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Tennessee›Shelby County›Memphis›38104›1616 Monroe Ave N

This home is located at 1616 Monroe Ave N in Memphis, TN and zip code 38104 in the Midtown neighborhood. This home was built in 1960. It has been listed on Rocket Homes since April 26, 2024 and is currently priced at $859,000.

Over 75 listings were sold over their listed price in April 2024 in Memphis, TN. In the same period over 272 listings were sold below the listed price and 122 listings were sold for the listed price. In April 2024 in Memphis, TN there were 13.1% more homes for sale than in March 2024.

From Rocket Homes Real Estate and based on county public records data.

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