4332 Melinda Ave - Apartments FOR SALE


Memphis, TN 38108- Berclair
$679,000 USD
901-277-0477
4332 Melinda Ave, Memphis, TN for Sale
$679,000 USD
Apartments - FOR SALE
1/11
null | 9.77% Cap Rate

4332 Melinda Ave
Memphis, TN 38108
Berclair


HIGHLIGHTS

  • All 2 bedroom & 1-1/2 bath
  • Washers & Dryers
  • Central Heating & Air

OVERVIEW

4332 Melinda is a well-maintained 8-unit multifamily property located in the established Berclair area. The property features spacious 2-bedroom, 1.5-bath units equipped with stoves, refrigerators, washers, and dryers. The property is positioned directly across from an elementary school, enhancing neighborhood appeal. Currently 100% occupied, the property offers immediate and stable cash flow with scheduled monthly rental income of $6,630. Please do not disturb residents, drive by only.

FOR SALE DETAILS

PRICE

$679,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

8

PRICE/UNIT

$84,875

CAP RATE

9.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Melinda Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,896 SF

ZONING

CL

APN/PARCEL ID

05-3091-0-0024

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.