374 N DUNLAP ST, Memphis, TN 38105
Lane · Shelby County
Key Facts
Description
Located in a strong rental neighborhood, this value-add investment is strategically positioned for a new buyer. The opportunity provides a new investor with the ability to achieve significant upside from a well-located asset. The property is located just 1 block from the Medical District and 1 mile from the Crosstown Concourse. Nicely manicured with an open, U shaped layout, the property feels large and welcoming. All units feature 1 bedroom and 1 bathroom. The current owner has fully renovated 6 of the 10 units along with other capital improvements, including window, plumbing, and electrical updates, as well as a new roof in 2022. A few upgrades and some well-placed capital improvements by a new investor can significantly drive both rents and long-term value.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1959
Stories
1
Lot Size
14,850 sq ft
Days on Market
27
MLS® Listing#
10184186
Property Features
Appliances
Cooling
Heating
Flooring
Parking
Laundry
Construction
Foundation
Roof
Security
Financial Details
Annual Taxes
$1,792
Parcel Number
051014 00047
Directions
From Midtown, go West on Poplar, turn North on Dunlap. Property is on the right.
Affordability Calculator
$107,000
Estimated monthly payment
$2,847/mo
Principal $428,000 · Est. interest $597,098 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Memphis, TN
- 74
- Median Days on Market
- 1,436
- Median Sq Ft
- $125
- Median Price / Sq Ft
- 2,878
- Active Listings
Market statistics compiled from active EXIT Realty® and MLS listings in Memphis, TN.
Location
Points of Interest in Memphis, TN
Showing the Memphis area map.
Nearby Schools
Humes Preparatory Academy Middle School
Secondary · 0.5 mi away
Moore Tech School of Welding
Secondary · 0.6 mi away
Holy Names Catholic School
School · 0.8 mi away
Memphis College Prep Elementary School
School · 0.8 mi away
Memphis City Schools-Board of Education City Schools
Elementary · 0.8 mi away
Northwest Prep Academy
School · 0.8 mi away
Gordon Elementary School
Elementary · 0.9 mi away
Medical District High School
Secondary · 1.0 mi away
Middle College High School
School · 1.0 mi away
Crosstown High
Secondary · 1.0 mi away
Downtown Elementary
Elementary · 1.0 mi away
Shepherd's School
Elementary · 1.0 mi away
Trustee David Lenoir County Trustee Downtown
School · 1.1 mi away
Memphis Grizzlies Preparatory Charter School
Secondary · 1.1 mi away
Kaleidoscope School of Memphis
Secondary · 1.2 mi away
Memphis Scholars Caldwell-Guthrie
Elementary · 1.2 mi away
Caldwell-Guthrie Elementary School
Elementary · 1.2 mi away
Kipp Memphis Collegiate Elementary
Secondary · 1.2 mi away
Northside High School
Secondary · 1.3 mi away
Memphis Central High School
Secondary · 1.4 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1577 COURT AVE, Memphis, TN | $374,500 | 10 | — | 3,408 |
| 4034 BERKSHIRE AVE, Memphis, TN | $385,968 | 10 | — | 3,900 |
| 1235 VINTON AVE, Memphis, TN | $455,000 | 9 | — | 4,427 |
| 712 N FIFTH ST, Memphis, TN | $459,900 | 10 | — | 3,202 |
| 1572 HANAUER ST, Memphis, TN | $520,000 | 12 | — | 5,664 |
| 661 ST PAUL AVE, Memphis, TN | $529,000 | 14 | — | 5,400 |
Moving Cost Estimate
EXIT Agents in Memphis
Listing Courtesy: Prime Real Estate Group