6 months on rocket

670 Bethel Ave, Memphis, TN, 38107

$320,000

Home List Price

$3,800*

Closing Credit

0 Baths
Multi

Location

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670 Bethel Ave, Memphis$320,000

Buyer Closing Credits

$3,800*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAsphalt/Blacktop
Year Built1952
HeatingOther
CoolingOther
MLS #10174536
StatusActive

About 670 Bethel Ave

***New tenant going in Dec 13th, bringing the monthly income up by $650!*** Just a few blocks from the burgeoning Downtown area is this 6-unit apartment building - some claim to be close to Downtown, but this one really is! 4 of the units are occupied & one is rent-ready. This building was rebuilt from the studs out in 2018 - roof, plumb., elec., all of it! Each unit has a dedicated mini-split heat/air unit and parking. Area around building is nice, with new homes & high values - current rents are $3450, but should be $4100+ when the last vacant unit is turned. Value-add potential.

Property Details

Property Features

Property Information:

  • Year Built: 1952
  • Stories: 1

Listing Office:

  • Office Name: Memphis Metro Realty

Interior Features

Interior Information:

  • Flooring Type: Tile, Wood Laminate Floors

Exterior Features

Exterior Information:

  • Exterior: Sidewalks

Parking Information:

  • Parking: Asphalt/Blacktop

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: Driving W on N Pkwy, take a right onto Thomas St., then a right onto Bethel Ave. The units will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $320,000

Tax Information:

  • Annual Amount: $4,978
  • 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

$183K

# of Sold Homes

362

670 Bethel Ave vs Memphis

191 DAYS ON ROCKET

$320,000

+$137K More

KEY TAKEAWAY

This property is $137K more than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #10174536

Listing Office:

  • Office Name: Memphis Metro Realty

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: 12/22/2024, 6:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 04, 2017Home Sold
$185,000
Feb 18, 2005Home Sold
$45,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,978$68,760
2020$869$12,000
2019$869$12,000
2018$493$12,000
2017$460$12,000

History based on county public records data.

Payment Calculator

$1,665

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,026

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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-895041
3
/10

  • Kipp Memphis Collegiate Elementary School

  • 230 Henry Ave

  • 0.35 miles

  • Public Charter Grades KG-4

school-card-donut-895042
3
/10

  • Memphis Scholars Caldwell-Guthrie (ASD)

  • 951 Chelsea Ave

  • 0.67 miles

  • Public Charter Grades PK-5

school-card-donut-895043
3
/10

  • Downtown Elementary School

  • 10 N 4th St

  • 1.46 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 $27,174. The most common annual income of people living in Memphis, TN is less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Tennessee›Shelby County›Memphis›38107›670 Bethel Ave

This home is located at 670 Bethel Ave in Memphis, TN and zip code 38107 in the Downtown neighborhood. This home was built in 1952. It has been listed on Rocket Homes since June 13, 2024 and is currently priced at $320,000.

In November 2024 more than 45 listings in Memphis, TN were sold above the asking price. During the same period more than 98 listings were sold at asking price, while more than 218 were sold below. Between October 2024 and November 2024, Memphis, TN real estate market has seen increase in the number of listings by 6.8%.

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

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