2 months on rocket

5693 Myers Rd, Memphis, TN, 38115

$179,900

Home List Price

$2,136*

Closing Credit

0 Baths
Multi

Location

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5693 Myers Rd, Memphis$179,900

Buyer Closing Credits

$2,136*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOther (See REMARKS)
Year Built1973
HeatingOther
CoolingOther
WaterfrontOther
MLS #10181003
StatusActive

About 5693 Myers Rd

This cash-flowing duplex would be the perfect addition to a rental portfolio. Both sides currently occupied. Market rent is $1,200 each side for $2,400/month total. Priced well below the 1% rule, this property would be cash flow positive from day 1. Additional pictures available on request. No showings until accepted contract.

Property Details

Property Features

Property Information:

  • Architectural Style: Other (See REMARKS)
  • Year Built: 1973
  • Stories: 2

Listing Office:

  • Office Name: Keller Williams

Interior Features

Interior Information:

  • Flooring Type: Other (See REMARKS)

Exterior Features

Exterior Information:

  • Waterfront: Other
  • Exterior: Other (See Remarks)

Parking Information:

  • Parking: Other (See REMARKS)

Lot Features

Lot Information:

  • Lot: Other

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: From Winchester, drive south on Hickory Hill half a mile and make a left on Myers Road.

Price Information

Listing Price Info

Price Summary:

  • List Price: $179,900

Tax Information:

  • Annual Amount: $1,816
  • Tax Year: 2021
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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

5693 Myers Rd vs Memphis

67 DAYS ON ROCKET

$179,900

-$10.5K Less

KEY TAKEAWAY

This property is $10.5K less than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10181003

Listing Office:

  • Office Name: Keller Williams

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: 11/17/2024, 2:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 21, 2007Home Sold
$72,500

Tax History

YEARPROP. TAXASSESSMENT
2021$1,816$25,080
2020$1,707$23,560
2019$1,707$23,560
2018$968$23,560
2017$1,150$23,560

History based on county public records data.

Payment Calculator

$965

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$606

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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-462693
7
/10

  • Hickory Ridge Elementary School

  • 3890 Hickory Hill Rd

  • 0.54 miles

  • Public District Grades PK-5

school-card-donut-462694
6
/10

  • Newberry Elementary School

  • 5540 Newberry Ave

  • 0.67 miles

  • Public District Grades PK-5

school-card-donut-462695
5
/10

  • Power Center Academy Elementary School

  • 3540 S Mendenhall Rd

  • 0.74 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,911. The majority of Memphis, TN residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

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.

Types of housing 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.

What is it like to live in Memphis, TN?

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.

Is it easy to get around Memphis, TN without a car?

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.

Transportation in Memphis, TN.

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›38115›5693 Myers Rd

This home is located at 5693 Myers Rd in Memphis, TN and zip code 38115. This home was built in 1973. It has been listed on Rocket Homes since September 11, 2024 and is currently priced at $179,900.

In October 2024, from all listings sold in Memphis, TN there were more than 53 sold above asking price, over 252 sold below and more than 103 were sold right at the asked price. In October 2024 in Memphis, TN there were 22.4% more homes for sale than in September 2024.

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

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