21 Diana St - Apartments FOR SALE


Memphis, TN 38104- Midtown Memphis
$1,520,000 USD
901-273-6648
21 Diana St, Memphis, TN for Sale
$1,520,000 USD
Apartments - FOR SALE
1/24
null | 7.79% Cap Rate

21 Diana St
Memphis, TN 38104
Midtown Memphis


HIGHLIGHTS

  • Value Add Potential - Increase Rents By $400/month
  • Best Location In Memphis

OVERVIEW

This property is cash flowing and 90% occupied. Value add potential to improve all the units and increase rents to +$1000 a month. 7/16 units have washer/dryers in the unit. Priced to sell. Assumable Freddie Mac Loan in place at 4.5% interest.

FOR SALE DETAILS

PRICE

$1,520,000 USD

PRICE/SF

$90 USD /SF

# OF UNITS

16

PRICE/UNIT

$95,000

CAP RATE

7.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

At the Square

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

RMM

APN/PARCEL ID

01-7064-0-0006

ASK ABOUT THIS PROPERTY

Worth WoodyardWoodyard Realty CorporationMore Info
901-273-6648

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Worth WoodyardWoodyard Realty CorporationMore Info
901-273-6648

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