Partially Renovated Multifamily
For Sale
$150,000
1102 South Somerville Street, Memphis, TN 38106
Partially completed improvements include updated electrical and plumbing systems, with additional construction required before occupancy.
Property SizeContact for details
Days on Market236
Property Features for 1102 South Somerville Street
General Information
Standard status
Active
Property subtype
Multi-Family / Apartment Building
Property Condition
Severity
Repairs Needed
Evidence
nearly finished renovation
Taxes and HOA fees
Annual Taxes
$1,225
Amenities
Other (See Remarks)
Composition
Building Details
Year Built
1900
Listing Agency:
MLE Realty, LLC
(901) 599-2883
Listed By:
Zakiyyah Langford
(901) 599-2883
Source:
Compass
Added: Jan 7
Changed: Aug 29
Last Checked: Aug 29 at 3:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MLE Realty, LLC
Investment Insights
Based on property information with market context.
This multifamily property, built in 1900, is being offered with renovation work still in progress. Electrical and plumbing systems have been updated, while remaining construction allows the purchaser to complete the interior to their requirements. The property is sold as-is, with unfinished work transferring to the buyer. The exterior features composition materials.
Located in South Memphis, the property provides access to downtown, the medical district, and major corridors. Its current condition may suit an experienced investor, renovation-loan buyer, or cash purchaser prepared to complete the remaining improvements.
Located in South Memphis, the property provides access to downtown, the medical district, and major corridors. Its current condition may suit an experienced investor, renovation-loan buyer, or cash purchaser prepared to complete the remaining improvements.
Key Highlights
- 1900 construction date
- Renovation remains in progress, with final work required by the buyer
- Updated electrical and plumbing systems
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Explore this area
Business Placement
Demographics for 38106, TN
22,394
Population
11,630
Households
1.9
Avg Household Size
41
Median Age
12%
College-Educated
83%
High-School Grad
10.4 sq mi
ZIP Area
2,153
Density / Sq Mi
$29,818
Median Household Income
$30,101
Median Earnings
$915
Median Rent
$66,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Partially completed improvements include updated electrical and plumbing systems, with additional construction required before occupancy.
Where is this multifamily property located?
The property is located at 1102 South Somerville Street Memphis, TN.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1900 construction date; Renovation remains in progress, with final work required by the buyer; Updated electrical and plumbing systems
