2 months on rocket

986 Eldridge Ave, Memphis, TN, 38107

$43,000

Home List Price

$511*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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986 Eldridge Ave, Memphis$43,000

Buyer Closing Credits

$511*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingStreet Parking Only
Year Built1940
HeatingNatural Gas, Wall Furnace
CoolingWall/Window Unit(s)
MLS #10165858
StatusActive

About 986 Eldridge Ave

Investment Opportunity! This duplex is ready for a full Renovation and then Rental income. This property offers the potential to maximize rental income with the flexibility to rent out both sides or live in one side while renting out the other. Whether you're a seasoned investor or just starting in real estate, don't miss out on the investment opportunity.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1940
  • Stories: 1

Listing Office:

  • Office Name: Crye-Leike, Inc., REALTORS

Interior Features

Interior Information:

  • Appliances: Range, Oven
  • Flooring Type: Concrete Floor

Exterior Features

Exterior Information:

  • Exterior: Brick Veneer, Porch

Parking Information:

  • Parking: Street Parking Only

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

  • Heating: Natural Gas, Wall Furnace
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

  • Directions: From Hwy 51 (Thomas St), go East on Firestone Ave, Right on Morehead St, Left on Eldrige Ave, Property on Left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $43,000

Tax Information:

  • Annual Amount: $571
  • 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

986 Eldridge Ave vs Memphis

78 DAYS ON ROCKET

$43,000

-$152.6K Less

KEY TAKEAWAY

This property is $152.6K less than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #10165858

Listing Office:

  • Office Name: Crye-Leike, Inc., 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, 4:21:08 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

Mar 09, 2006Home Sold
$150,000

Tax History

YEARPROP. TAXASSESSMENT
2021$571$7,880
2020$823$11,360
2019$823$11,360
2018$467$11,360
2017$509$11,360

History based on county public records data.

Payment Calculator

$282

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$195

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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-4827729
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 4.94 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 $30,846. 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. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Tennessee›Shelby County›Memphis›38107›986 Eldridge Ave

This home is located at 986 Eldridge Ave in Memphis, TN and zip code 38107 in the New Chicago neighborhood. This home was built in 1940. It has been listed on Rocket Homes since February 14, 2024 and is currently priced at $43,000.

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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