1 month on rocket

2527 Union Ave Unit 1-2, Memphis, TN, 38112

$200,000

Home List Price

$2,375*

Closing Credit

0 Baths
Multi

Location

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2527 Union Ave Unit 1-2, Memphis$200,000

Buyer Closing Credits

$2,375*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway/Pad
Year Built1958
HeatingCentral, Natural Gas
CoolingCentral Air
MLS #10183710
StatusActive

About 2527 Union Ave Unit 1-2

Cash offers only on this property- Terrific opportunity to tighten up this duplex to have an investment property within walking distance to shopping and restaurants and the Liberty Bowl. This property does need some improvements (some sheetrock, electric, paint and kitchen work) but the guts are solid and the location is great. 2 beds 1 bath on one side, and 2 beds and 2 baths on the other side. Rent range for side 1 should be $1000-1100 and rent range for side 2 should be $1200-1300. This property is temporarily boarded up.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1958
  • Stories: 1

Listing Office:

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

Interior Features

Interior Information:

  • Flooring Type: Hardwood Throughout

Exterior Features

Exterior Information:

  • Exterior: Brick Veneer

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Few Trees, Level, Corner Lot

Utilities

Utilities Information:

  • Heating: Central, Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From the intersection of Hollywood (AKA Alicia) and Union, go south on Union. The house is on the corner of Hollywood and Alicia. NO SIGN

Price Information

Listing Price Info

Price Summary:

  • List Price: $200,000
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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

$190.4K

# of Sold Homes

409

2527 Union Ave Unit 1-2 vs Memphis

30 DAYS ON ROCKET

$200,000

+$9.5K More

KEY TAKEAWAY

This property is $9.5K more than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10183710

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: 11/21/2024, 8:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,066

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$666

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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.

Nearby Schools

school-card-donut-225354
5
/10

  • William H. Brewster Elementary School

  • 2605 Sam Cooper Blvd

  • 0.92 miles

  • Public Magnet Grades PK-5

school-card-donut-225355
3
/10

  • Cornerstone Preparatory - Lester Campus

  • 320 Carpenter St

  • 0.96 miles

  • Public Charter Grades PK-5

school-card-donut-225356
8
/10

  • Idlewild Elementary School

  • 1950 Linden Ave

  • 1.12 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,052. Residents of Memphis, TN typically earn between $35k-100k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Memphis, TN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Memphis, TN?

Memphis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from charming historic bungalows to sleek contemporary new builds. The housing landscape is varied, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the homeownership rate is robust, there is also a healthy rental market that provides options for those not looking to buy.

Is Memphis, TN a good place to live?

Memphis is celebrated for its vibrant music scene and rich cultural heritage, which are integral to the city's character. The community prides itself on being the home of blues, soul, and rock 'n' roll, with landmarks such as Beale Street and the annual Memphis in May festival highlighting its musical legacy. The city's character is further defined by its friendly residents and a sense of small-town camaraderie amidst its urban setting.

Are things conveniently located in Memphis, TN?

The community benefits from a well-rounded selection of services, including a network of public and private schools that cater to educational needs at all levels. Healthcare facilities are distributed throughout the city, offering a range of services from routine care to specialized treatments. Public libraries serve as valuable resources for residents, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and unique boutiques.

What does the transportation in Memphis, TN look like?

Memphis features a comprehensive transport infrastructure that includes a public transit system serving residents and visitors alike. The city's layout and road network facilitate easy commuting by car, with major highways connecting Memphis to surrounding areas. While certain neighborhoods are known for their walkability, the city as a whole is continuously working to improve pedestrian and bike paths to enhance accessibility and encourage eco-friendly modes of transport.

Rocket Homes›Tennessee›Shelby County›Memphis›38112›2527 Union Ave Unit 1-2

This home is located at 2527 Union Ave Unit 1-2 in Memphis, TN and zip code 38112. This home was built in 1958. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $200,000.

Memphis, TN housing market in October 2024 saw over 53 listings sold above listed price, more than 103 sold at listed price and over 252 sold below. The number of listings in Memphis, TN increased by 22.4% between September 2024 and October 2024.

From Rocket Homes Real Estate and based on county public records data.

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