1572 Hanauer St - Apartments FOR SALE


Memphis, TN 38109- South Memphis
$605,000 USD
901-881-2070
1572 Hanauer St, Memphis, TN for Sale
$605,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

1572 Hanauer St
Memphis, TN 38109
South Memphis


HIGHLIGHTS

  • Less than 10 Minutes to Downtown Memphis & Less than 20 Minutes to Memphis Airport/ FedEx World Hub
  • Gross Potential Income - $88,800/ Year
  • Recent Renovations Include: Roofs (all less than 4 years old), Some units renovated to the Studs, LVP Floors, Paint.
  • Located in NEW XAI (Elon Musk world's largest CPU) Tax Incentive Zone that will produce Millions of Investments

OVERVIEW

Great opportunity for a new or seasoned investor looking to get into multi-family investing. 8-One BR/1BA & 2-Two BR/1 BA units for a total of 10. Most units have been renovated, 4 from the studs up with mechanical, electric and plumbing. All roofs less than 4 years old. Tenants pay for all utilities, owner pays for water & outside house lights. Great location, 10 minutes to Memphis Airport & FedEx World Hub, 7 Minutes to Downtown Memphis.

FOR SALE DETAILS

PRICE

$605,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

10

PRICE/UNIT

$60,500

CAP RATE

Request Cap Rate

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,563 SF

ZONING

RU-3

APN/PARCEL ID

03-5067-0-0016

ASK ABOUT THIS PROPERTY

Traci BradenBraden Braden & Braden LLCMore Info
901-881-2070

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Traci BradenBraden Braden & Braden LLCMore Info
901-881-2070

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