3646 Walnut Grove Rd
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3646 Walnut Grove Rd
2 Unit Apartment Building $429,000 ($214,500/Unit) Memphis, TN 38111
Investment Highlights
- East Memphis Location
- Ideal for Owner Occupant
- Central Heating & Air
- Across the Street from Galloway Golf Course
- 3 Car Garage
- Hardwood Flooring
Executive Summary
This duplex consists of a 3 bedroom 1 bath unit and a 2 bedroom 1 bath unit. The projected monthly rents are 1500 and 1200 per month. The property was owner occupied and is currently vacant. It is located across from Galloway Golf course.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $429,000 | Lot Size | 0.26 AC |
| Price Per Unit | $214,500 | Building Size | 2,824 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 1.06/1,000 SF |
| Apartment Style | Low Rise |
| Price | $429,000 |
| Price Per Unit | $214,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.26 AC |
| Building Size | 2,824 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1954 |
| Parking Ratio | 1.06/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,200 | 1,285 |
| 3+1 | 1 | $1,500 | 1,285 |
1 of 1
zoning
| Zoning Code | R-6 (Residential Single Family - 6) |
| R-6 (Residential Single Family - 6) |
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3646 Walnut Grove Rd
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