2505 SUMMER AVE

Memphis, TN
$ 300,000 Beds 0 Baths 3
Monthly Estimate* How much can I afford?

Almost 1 Acre Multi-Use Lot ~ Prime Location on Summer Ave ~ Currently Used Car Lot + Auto Service Garage ~ Primary Building is Around 1000-1200 Sq Ft ~ Around 6000 Sq Ft of Garage ~ 3 Automatic Lifts & Semi Downdraft Heated Spray Booth Remain ~ $26K/Month in Notes Avail For Purchase ~ Business Doc's Avail Upon Request ~ N of Broad ~ Private Road Access ~ There's A Lot of Value Here

Commercial

  • Price
  • $ 300,000
  • Lot Size
  • Bedrooms
  • 0
  • Full Bathrooms
  • 3
  • Year Built
  • 1961
  • Half Bathrooms
  • 0
  • City, Zip
  • Memphis
  • Taxes
  • 7646
  • County
  • SHELBY
  • Style
  • Auto Service
  • Area
  • Overton Park
  • MLS#
  • 10078460
  • Zip
  • 38112
Listing Provided by: REMAX Experts, LLC

Features

General

Area 744I
Class Commercial/Industrial
Legal Subdivision Name HAMMOND COURT
Listing Area Overton Park
Miscellaneous Display Window(s), Fenced, Fixtures, Furniture, Inside Storage, Inventory Included, Outside Lighting, Outside Storage, Pole Sign, Rest Rooms, Security System
Road Frontage City Street, Private
Roof Metal
Service Type Full Service Listing
Status Active
Status Active
Stories 1
Type Commercial
Year Built 1961
Zoning CMU-1

Interior Features

Cooling System Central Cooling
Floors Other (See Remarks)
Heating Central
Hot Water Public Sewer, Public Water
Offices 3
Restrooms 3

Exterior Features

Sale Includes All Appliances, Building and Land, Signage, Some Equipment, Some Furnishings
Foundation Slab
Lot Size 99 X 430.35 IRR
Number of Buildings 3
Parking Facility Asphalt/Blacktop, Enclosed, Gravel, Secured

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
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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

6/12/2020 Listed $350,000
7/15/2020 8% - $325,000
7/22/2020 4% - $315,000
8/17/2020 5% - $300,000

Property vs Zip Code Average in 38112

Price
AVG $620K
$300K
Taxes
AVG $9,075
$7,646
Visits
AVG 19
23
Year Built
AVG 1943
1961
Walkscore
AVG 48
57
Data Provided by Walkscore ® not using MLS data

Map

2505 SUMMER AVE Memphis, TN is a Single Family Home for sale at $300000 and a lot size of Acre(s). 2505 SUMMER AVE Memphis has 0 bedrooms, 3 baths and was built in 1961. The property's zip code is 38112 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.