109 MADISON AVE

Memphis, TN
$ 899,900 Beds 4 Baths 2 Sq 7,000
Monthly Estimate*

How much can I afford?

Awesome opportunity to purchase this free standing building in the heart of Downtown. Currently being used as an Airbnb on the 2nd & 3rd floor. 1st floor is under a lease for another 11 months. Airbnb income in 2018 was $107,000 and had a very high occupancy rate of 86%. Fantastic turnkey business and building. Airbnb reservations on the books into Jan. 2020. 4 BR 2 BA on the 2nd and 3rd floor. Great for a Live-Work space as well. Elevator on all 4 floors.

Single Family

  • Price
  • $ 899,900
  • Lot Size
  • 1,742 SqFt
  • Bedrooms
  • 4
  • Sqr Footage
  • 7,000
  • Full Bathrooms
  • 2
  • Year Built
  • 1925
  • Half Bathrooms
  • 1
  • City, Zip
  • Memphis
  • Taxes
  • 20310
  • County
  • SHELBY
  • Style
  • Contemporary
  • Area
  • South Bluffs-Downtown
  • MLS#
  • 10057737
  • Zip
  • 38103
Listing Provided by: 901 Real Estate Services

Features

General

Bedroom 2 Description Hardwood Floor
Bedroom 3 Description Hardwood Floor
Bedroom 4 Description Hardwood Floor
Cooling Central, Ceiling Fan(s), Dual System, 220 Wiring
Floors/ceilings Part Hardwood, Tile, 9 or more Ft. Ceiling
Full Baths 2
Half Baths 1
Heated SqFt 7000 - 7999
Heating Gas, Dual System
Interior Equipment Dishwasher, Microwave, Refrigerator, Washer, Dryer
Living Room LR/DR Combination, Updated/Renovated Kitchen, Breakfast Bar, Island In Kitchen
Master Bedroom Hardwood Floor
Misc. Interior Wet Bar, Sky Light(s), Smoke Detector(s), Elevator
Number of Rooms 6
Other Rooms Laundry Room, Entry Hall
Total Beds 4

Interior Features

Bedroom 2 Description Hardwood Floor
Bedroom 3 Description Hardwood Floor
Bedroom 4 Description Hardwood Floor
Cooling Central, Ceiling Fan(s), Dual System, 220 Wiring
Floors/ceilings Part Hardwood, Tile, 9 or more Ft. Ceiling
Full Baths 2
Half Baths 1
Heated SqFt 7000 - 7999
Heating Gas, Dual System
Interior Equipment Dishwasher, Microwave, Refrigerator, Washer, Dryer
Living Room LR/DR Combination, Updated/Renovated Kitchen, Breakfast Bar, Island In Kitchen
Master Bedroom Hardwood Floor
Misc. Interior Wet Bar, Sky Light(s), Smoke Detector(s), Elevator
Number of Rooms 6
Other Rooms Laundry Room, Entry Hall
Total Beds 4

Exterior Features

Exterior/windows Wood/Composition, Double Pane Window(s)
Foundation Full Basement
Lot Description Other (See Remarks)
Lot Size 25 X 70
Misc. Exterior Wrought Iron Security Drs
Parking/storage Rent Parking Space
Pool Y/N None
Roof Built-Up/Flat
Water & Sewer Gas Water Heater, Public Water, Public Sewer

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Bartlett, TN office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/19/2019 Listed $949,900
11/11/2019 6% - $899,900

Property vs Zip Code Average in 38103

Price
AVG $630K
$900K
Taxes
AVG $7,677
$20,310
Visits
AVG 23
32
Year Built
AVG 1991
1925
Walkscore
AVG 36
89
Data Provided by Walkscore ® not using MLS data

Map

109 MADISON AVE Memphis, TN is a Single Family Home for sale at $899900 with 7000 sqft and a lot size of 1,742 SqFt Acre(s). 109 MADISON AVE Memphis has 4 bedrooms, 2 baths and was built in 1925. The property's zip code is 38103 which is in Memphis, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.