162-180 Clark Pl - Apartments FOR SALE


Memphis, TN 38104- Midtown Memphis
$549,000 USD
901-277-0477
162-180 Clark Pl, Memphis, TN for Sale
$549,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

162-180 Clark Pl
Memphis, TN 38104
Midtown Memphis


HIGHLIGHTS

  • Overton Square Area
  • Washers & Dryers
  • Central Heating & Air
  • Updated Kitchens
  • Hardwood Floors

OVERVIEW

This 4 unit mid-town building has that classic mid-town charm. There are 4 large 2 bedroom units with hardwood floors, central heating & air, updated kitchens and baths with washers & dryers. The current rents are under market. The market rents are 1200 per month minimum per unit. Currently, the rents are 825 and 700. Two units are currently vacant and available for showing. Drive by only. Please do not disturb residents.

FOR SALE DETAILS

PRICE

$549,000 USD

PRICE/SF

$19 USD /SF

# OF UNITS

4

PRICE/UNIT

$137,250

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,572 SF

ZONING

RU-3

APN/PARCEL ID

01-7034-0-0001

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.