1051 7thMemphis, TN 38107

  • Residential income properties
  • 6,500 SF
Off market
$4,027,530 Estimated

Property Details for 1051 7th

Year built
1968
Lot size
0.40 AC
Property size (Sq ft)
6,500 SF
Zone code
MDR
Property type
Residential income properties
Property subtype
Garden apartment buildings
APN
022-021- - -00022
APU
2202100022

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,161,318
    6.5%
    $1,071,986
    7%
    $995,416
  • Comparable approach

    Method
    Valuation
    Relative Method
    $785,447
    Geo Method
    $785,447
  • Alternative Use

    Use
    Valuation
    Residential
    $1,071,986
    Hospitality
    $981,934
    Educational
    $816,957
    Medical
    $845,054
    Retail
    $1,270,822
1051 7th, Memphis, Tennessee

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.1703
Longitude
-90.039
CBSA code
32820
CBSA name
MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$2,171
-
-
-
-
$43,800
$45,300
$89,100

FAQs

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