196 N Auburndale St - Apartments FOR SALE


Memphis, TN 38112- Midtown Memphis
$795,000 USD
901-277-0477
196 N Auburndale St, Memphis, TN for Sale
$795,000 USD
Apartments - FOR SALE
1/56
null | 10.49% Cap Rate

196 N Auburndale St
Memphis, TN 38112
Midtown Memphis


HIGHLIGHTS

  • 196 N Auburndale Street presents a classic 4-Plex property, currently operating as a short-term rental through AirBnB.
  • Nestled in the booming Midtown Memphis neighborhood just outside of Downtown.
  • The property has recently been rehabbed with a new roof and new electrical.
  • Monthly rentals have averaged over $3,000 per month, per unit, or traditional rental rates can be met at market rate.

OVERVIEW

Welcome to 196 N Auburndale Street, a classic Midtown Memphis 4-Plex that has recently been rehabbed. Each of the four units offers one large bedroom and one full bath, with central heating and air. The property has been operated as a short-term rental with AirBnB averaging over $3,000 per month, per unit. New ownership can choose to continue cash-flowing operations or flip to traditional leasing at or above market rates. Inquire today to learn more about the possibilities of 196 N Auburndale Street. Viewings are drive-by only, please do not disturb the residents.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$185 USD /SF

# OF UNITS

4

PRICE/UNIT

$198,750

CAP RATE

10.49%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

RU-3

APN/PARCEL ID

02-0064-0-0016

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 Policy.