1707 Ontario Ave
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1707 Ontario Ave
16 Unit Apartment Building $1,350,000 ($84,375/Unit) Memphis, TN 38127
Executive Summary
Newly renovated
16- 2 bed/1 bath units
1707 Ontario Ave
Great location in the Frayser Area
9 mins from Downtown
4 miles from Midtown
2 mins from Frayser Park which is a 40-acre park with a playground, pavilion, 1.5-mile walking trail, outdoor pool, tennis center, open field space and the Ed Rice Community Center.
16- 2 bed/1 bath units
1707 Ontario Ave
Great location in the Frayser Area
9 mins from Downtown
4 miles from Midtown
2 mins from Frayser Park which is a 40-acre park with a playground, pavilion, 1.5-mile walking trail, outdoor pool, tennis center, open field space and the Ed Rice Community Center.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,350,000 | Building Class | C |
| Price Per Unit | $84,375 | Lot Size | 0.58 AC |
| Sale Type | Investment | Building Size | 14,854 SF |
| No. Units | 16 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1974 |
| Apartment Style | Low Rise | Parking Ratio | 1.35/1,000 SF |
| Price | $1,350,000 |
| Price Per Unit | $84,375 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 14,854 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.35/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | - |
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PROPERTY TAXES
| Parcel Number | 07-0088-0-0019C | Total Assessment | $102,400 |
| Land Assessment | $10,680 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $91,720 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
07-0088-0-0019C
Land Assessment
$10,680
Improvements Assessment
$91,720
Total Assessment
$102,400
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | R-MM |
| R-MM |
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1707 Ontario Ave
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