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$89,000

203 N 7th Street, Memphis, TX, 79245

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,268 Sq Ft
price_per_sqft$70.19 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesRange, Dishwasher

Exterior

Lot Size5,009 sqft

Building Information

Year Built1950
Garage Spaces1

Land Information

APN203566
Land UseResidential
Legal DescriptionMEMPHIS ORIGINAL TOWN BLOCK: 21 LOTS: NORTH 50 FT OF 21-24
Census Tract950500
Assessed Land Value$870
Assessed Improvement Value$24,820
Assessment Year2026

About this property

3 BR, 2 BA near Downtown Memphis--There's way more than meets the eye on this one. Zoned for both Commercial and Residential gives you flexibility in use and enjoyment as well as opportunity as an investment. Plumbing is updated with Pex piping. Electric is updated and includes Solar Panels (130%), 200 amp Breaker Box, and a 50 amp RV hookup on the N side. Some projects are near completion and will need finishing out. Lots of building material for these projects has been purchased and will be included in the sale. Materials include 3 Exterior doors and 12 replacement windows, ready for installation. Many modern conveniences such as Central HVAC, (AC needs repair), carpeting, built-in dishwasher, Gas cookstove, and washer/dryer hookup are ready for enjoyment. Outside includes a detached garage with electric opener, chain link fenced backyard with shade, and a firepit. NO TRESPASSING. PLEASE DO NOT ACCESS PROPERTY WITHOUT BEING ACCOMPANIED BY THE LISTING AGENT OR AN AGENT WHO HAS WRITTEN PERMISSION FROM THE LISTING AGENT. As with any Exclusive Listing Agreement, owners are not to negotiate with any prospective buyers, but to refer all prospective buyers to the Listing Agent. Please do not contact any of the owners directly. This property is not for Rent, not for Lease and Owner Financing is not available

Investor Tools

$0Estimated Mortgage Balance
$63,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$534 /month
Positive
Cash Flow Estimate:
$178 /month

Interested in this property?

Scott Dean

Chad Holland Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$50/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$284
$25,690
2026
$870
$24,820
$25,690
No

Tax History

Year
Tax Paid
Assessed Value
2022
$284
$25,690

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$63,000
100%
0%
$0/mo

City: Memphis

203 N 7th Street | Property Details | No Agent List