2 months on rocket

3268 Powell Ave, Memphis, TN, 38112

$150,000

Home List Price

$1,781*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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3268 Powell Ave, Memphis$150,000

Buyer Closing Credits

$1,781*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway/Pad
Year Built1959
HeatingOther
CoolingOther
BasementYes
MLS #10166915
StatusActive

About 3268 Powell Ave

Calling all investors! This is a currently occupied Duplex here in Memphis. One side is occupied until 3.31.2025 and they are paying $660 per month. The other side is occupied until 3/31/2025 and they are paying $725 per month. This is a great opportunity for any investor to receive cashflow from day 1! All of the CAPEX items in this property were brand new in 2021. No Wholesale or Assignment.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1959
  • Stories: 1

Listing Office:

  • Office Name: Reedy & Company, REALTORS

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Other (See REMARKS)

Exterior Features

Exterior Information:

  • Exterior: Brick Veneer

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Few Trees, Level

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

School Info

Assigned Schools Information:

  • Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

  • Directions: From Summer Ave go north on N Holmes, turn left on Powell, house is on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $150,000

Tax Information:

  • Annual Amount: $1,295
  • Tax Year: 2021
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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

3268 Powell Ave vs Memphis

62 DAYS ON ROCKET

$150,000

-$45.6K Less

KEY TAKEAWAY

This property is $45.6K less than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #10166915

Listing Office:

  • Office Name: Reedy & Company, REALTORS

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: 5/2/2024, 8:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 22, 2020Home Sold
$28,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,295$17,880
2020$1,405$19,400
2019$1,405$19,400
2018$797$19,400
2017$940$19,400

History based on county public records data.

Payment Calculator

$816

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$516

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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

school-card-donut-4960057
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 1.99 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 $26,984. The most common annual income of people living in Memphis, TN is less than $35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Tennessee›Shelby County›Memphis›38112›3268 Powell Ave

This home is located at 3268 Powell Ave in Memphis, TN and zip code 38112 in the Binghampton / Lester neighborhood. This home was built in 1959. It has been listed on Rocket Homes since March 01, 2024 and is currently priced at $150,000.

Memphis, TN housing market in April 2024 saw over 75 listings sold above listed price, more than 122 sold at listed price and over 272 sold below. The number of homes for sale in Memphis, TN increased by 13.1% between March 2024 and April 2024.

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

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