17 days on rocket

3969 Southlawn Ave, Memphis, TN, 38111

$539,000

Home List Price

$6,401*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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3969 Southlawn Ave, Memphis$539,000

Buyer Closing Credits

$6,401*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAsphalt/Blacktop
Year Built1965
HeatingCentral
CoolingCentral Air
BasementYes
MLS #10170065
StatusActive

About 3969 Southlawn Ave

$89k/Unit for this East Memphis 6-Unit! Property is located 2.4 miles from University of Memphis. Fully occupied and bringing in $4,400 per month with a proforma/potential rent of $5,500+. $85k+ in capital improvements in the last 24 months to include: Interior Renovation, New Roof, Perimeter Fence, HVAC, Exterior Lighting, Tree Removal & more. Tenants pay all utilities other than water. DO NOT DISTURB TENANTS. Accepted offer needed before touring.

Property Details

Property Features

Property Information:

  • Year Built: 1965

Listing Office:

  • Office Name: Diversified Real Estate

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Vinyl Floor

Exterior Features

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: North on Getwell, East on Southlawn

Price Information

Listing Price Info

Price Summary:

  • List Price: $539,000

Tax Information:

  • Annual Amount: $3,171
  • 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

3969 Southlawn Ave vs Memphis

17 DAYS ON ROCKET

$539,000

+$343.3K More

KEY TAKEAWAY

This property is $343.3K more than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #10170065

Listing Office:

  • Office Name: Diversified Real Estate

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, 12:15:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,171$43,800
2020$2,910$40,160
2019$2,910$40,160
2018$1,651$40,160
2017$1,839$40,160

History based on county public records data.

Payment Calculator

$2,758

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,682

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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-4730487
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 5.75 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 $30,432. 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›38111›3969 Southlawn Ave

This home is located at 3969 Southlawn Ave in Memphis, TN and zip code 38111 in the East Memphis Park / Cherry Gardens neighborhood. This home was built in 1965. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $539,000.

In April 2024 more than 75 listings in Memphis, TN were sold above the asking price. During the same period more than 122 listings were sold at asking price, while more than 272 were 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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