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    720 Litty Ct, Unit 102 Memphis, TN 38103

    For Sale
    $109,000

    Studio condo in gated community, downtown Memphis, near South Main.

    Lot size:
    0.01 Acres

    Property Features for 720 Litty Ct

    General Information

    Lot size
    0.01 Acres

    Building Details

    Year built
    2006

    Source: Keller Williams Realty Memphis Central Agent Chris Farm

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Memphis Studio Condo

    This studio condo is located in the gated Carolina Lofts community in downtown Memphis, near the South Main District. The property is near the Big River Crossing, a pedestrian bridge across the Mississippi River, and Loflin Yard. Residents can enjoy views from the living room and access to a pool with a gazebo. The property includes covered assigned parking and has low maintenance requirements. Note that only long-term rentals are permitted; Airbnb is not allowed. Owner financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0644596
    Latitude
    35.1276449

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    FAQs

    What type of property is this?
    Apartment building - Studio condo in gated community, downtown Memphis, near South Main.
    Where is this apartment building located?
    The property is located at 720 Litty Ct, Unit 102 Memphis, TN.
    What is the asking price?
    The asking price for this property is $109,000.
    What are key features of this property?
    This property features: - Owner financing available; - Secure, gated community in Downtown Memphis; - Close proximity to attractions like The Big River Crossing and South Main District
    (901) 674-1601
    Request Owner's contact information
    720 Litty Ct, Unit 102 Memphis, TN 38103
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    Memphis, TN 38103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    720 Litty Ct, Unit 102 Memphis, TN 38103
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