784 Porter St
Memphis, TN 38126
South City
HIGHLIGHTS
- Property is 3,200 SF, consisting of 6 units across 2 stories, and is a Class C construction/condition.
- Offered below replacement cost.
- All units are 1 bed / 1 bath, with an average of approximately 533 SF each.
- Recently renovated in 2023.
- With 4 vacant units, this provides a significant opportunity for value-add investors.
- Once stabilized, this could be a reliable cash-flowing asset with MHA (Memphis Housing Authority) backing.
OVERVIEW
Sands Investment Group is pleased to offer for sale a 3,200 SF, 6-unit apartment building at 784 Porter St in Memphis, TN. Each unit is 1 bedroom and 1 bathroom, averaging 533 SF. With 4 vacant units, this property is a great opportunity for value-add investors.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
FOR SALE DETAILS
PRICE
$250,000 USD
PRICE/SF
$48 USD /SF
# OF UNITS
6
PRICE/UNIT
$41,667
CAP RATE
7.44%
% LEASED
20%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
6 Unit Apartment - Memphis, TN
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Manufactured Housing/Mobile Housing
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1960
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.21 AC
LAND SF
9,148 SF
ZONING
I-L
APN/PARCEL ID
01-1038-0-0011
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