1088 National St - Apartments FOR SALE


Memphis, TN 38122- Berclair
$1,074,000 USD
901-277-0477
1088 National St, Memphis, TN for Sale
$1,074,000 USD
Apartments - FOR SALE
1/18
null | 9.84% Cap Rate

1088 National St
Memphis, TN 38122
Berclair


HIGHLIGHTS

  • Central Heating & Air
  • Washers & Dryers and Stoves & Refrigerators

OVERVIEW

National is a 15-unit investment opportunity with a 14-unit multifamily plus a separate 3-bedroom single-family. The units are all 2-bedrooms equipped with central heating and air, along with stoves and refrigerators. The single-family home offers central heating and air, a stove, refrigerator, and washer and dryer for added tenant appeal. Current scheduled gross monthly income is $10,900, providing immediate cash flow. Please do not disturb tenants, drive by only.

FOR SALE DETAILS

PRICE

$1,074,000 USD

PRICE/SF

$77 USD /SF

# OF UNITS

15

PRICE/UNIT

$71,600

CAP RATE

9.84%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The National Macon Courts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

18,992 SF

ZONING

C-L

APN/PARCEL ID

03-8049-0-0016C

ASK ABOUT THIS PROPERTY

Jeffrey MooreCrye-Leike CommercialMore Info
901-277-0477

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Jeffrey MooreCrye-Leike CommercialMore Info
901-277-0477

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.