Midtown Memphis Multi-Family FOR SALE


Memphis, TN - Crosstown
$3,872,000 USD
901-305-1755
, Memphis, TN for Sale
$3,872,000 USD
Multi-Family - FOR SALE
1/4
null | 8.5% Cap Rate

Midtown Memphis
Memphis, TN
Crosstown


HIGHLIGHTS

  • 58 TOTAL UNITS IN THE HEART OF MIDTOWN; IN AND NEAR THE MEDICAL DISTRICT.
  • RECENTLY RENOVATED READY FOR MOVE IN.
  • PROPERTY IS A VALUE ADD OPPORTUNITY.

OVERVIEW

-MUST BUY ALL 58 UNITS IN PORTFOLIO. ---32 Claybrook: $590,000 (10 units - all studio) ($59,000/UNIT) 8.5% cap!!! ---35 Claybrook: $1,378,000 (16 units - 15 one bedroom and 1 two bedroom) ($86,125/UNIT) 8.5% cap!!! ---1077 and 1095 Merriwether: $1,905,000 (32 units - all one bedroom) ($59,500/UNIT) 8.5% cap!!! -RENOVATED, STABLE, WITH SLIGHT VALUE ADD!!! -26 UNITS ACROSS THE STREET FROM ONE ANOTHER; THE OTHER 32 WITHIN A MILE -SECURITY ACCESS -STAINLESS STEEL APPLIANCES IN SOME UNITS -HEART OF MEDICAL DISTRICT AND NEAR THE VA

ASK ABOUT THIS PROPERTY

Thomas HewgleyHewgley Commercial Real EstateMore Info
901-305-1755

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Thomas HewgleyHewgley Commercial Real EstateMore Info
901-305-1755

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