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$890,000   Price Analysis
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311 Market St W
Somerville, TN 38068
16 bed None bath unknown SqFt ($0/SqFt)
1.13 acre lot. Built 1958
Listed 2023-08-09, Taxes $2,762
May be USDA loan restricted due to income limits
near Somerville

16 Unit aparmtent complex available in Somerville

TN. All units individually metered and equipped with central heat and air.

87% occupied at time of listings. Current rent role available upon request.


Presented by Jimmy Kennedy at
KAIZEN Realty, LLC.
Listing Agent Photo

Property MLS #10154034 from Memphis

Bedrooms: 16

Cooling Features: Central
Heating Features: Central, Gas
Water Heaters: Electrical, Individual System

Flooring: Vinyl Floor, Wood Laminate Floors, Dry Wall

Lot Size Acres: 1.1313131
Lot Size Dimensions: 385X128
Lot Size Square Feet: 49280

Garage Description: Asphalt/Blacktop

Number of Buildings: 3
Number of Units: 16
Unit Type: 1 BR - 1 Bath, Unfurnished
Number of 1 Bedroom Units: 16

Lease Term: Monthly, Year
Tenant Pays: All Utilities, Gas, Electric, Water/Sewer

Annual Tax Amount: 1895
Source Listing Status: Active
County: Fayette
Directions: From Hwy 64 turn North on N Somerville St then make the next left onto W Market St. Property consists of the three buildings on the left.
Source Property Type: Multi-Family
Inclusions: Building and Land, No Furnishings, No Appliances
Area: Oakland (East)/Somerville
Source Neighborhood: UNKOWN
Owner Pays: Management, Insurance, Repairs/Maintenance, Taxes
Parcel Number: 090C 090B A02300
Subdivision: UNKOWN
Zoning: R3
Property Subtype: Apartment Complex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$146,760
$2,762
2021$unknown + $unknown
$146,760
$2,762
2020$unknown + $unknown
$101,120
$2,211
2019$unknown + $unknown
$101,120
$2,211
2018$unknown + $unknown
$101,120
$2,211
2017$unknown + $unknown
$101,120
$2,211
2016$unknown + $unknown
$96,840
$2,243
2015$unknown + $unknown
$96,840
$2,243
2014$unknown + $unknown
$96,840
$2,243
2013$unknown + $unknown
$96,840
$2,243
2012$unknown + $unknown
$105,080
$2,257
2011$unknown + $unknown
$105,080
$1,553
2010$unknown + $unknown
$105,080
$2,151
2009$unknown + $unknown
$105,080
$2,151
2008$unknown + $unknown
$94,200
$2,175
2007$unknown + $unknown
$94,200
$2,175

Price Changed 2024-06-21
$890,000
Memphis
Price Changed 2023-12-07
$995,000
Memphis
Price Changed 2023-10-17
$1,050,000
Memphis
Listed 2023-08-09
$1,090,000
Memphis
Sold 2021-07-30
$580,000
Public Record
Sold 2020-09-02
$385,000
Public Record
Sold 2020-08-28
$315,000
Public Record
Sold 2003-01-29
$65,000
Public Record

Year Built: 1958
Construction Materials: Vinyl Siding
Foundation Details: Conventional/Crawl Space
Property Age: 66
Roof: Composition
Levels or Stories: 1

Buckley-Carpenter Elementary School is a public elementary school located approximately 0.5 miles away.
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East Junior High School is a public middle school located approximately 2.9 miles away.
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Fayette Ware Comprehensive High School is a public high school located approximately 3 miles away.
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Fayette Academy is a private elementary, middle and high school located approximately 1.5 miles away.
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