Midtown Memphis
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Midtown Memphis
4 Multifamily Properties Offered at $4,110,000 in Memphis, TN
INVESTMENT HIGHLIGHTS
- 58 TOTAL UNITS IN THE HEART OF MIDTOWN; IN AND NEAR THE MEDICAL DISTRICT.
- PROPERTY IS A VALUE ADD OPPORTUNITY.
- RECENTLY RENOVATED READY FOR MOVE IN.
EXECUTIVE SUMMARY
-CAN BUY ONE OR ALL OR ANY SELECTION....
---32 Claybrook: $625,000 (10 units - all studio) ($62,500/UNIT) 8.0% cap!!!
---35 Claybrook: $1,460,000 (16 units - 15 one bedroom and 1 two bedroom) ($86,500/UNIT) 8.0% cap!!!
---1077 and 1095 Merriwether: $2,025,000 (32 units - all one bedroom) ($65,000/UNIT) 8.0% 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
---32 Claybrook: $625,000 (10 units - all studio) ($62,500/UNIT) 8.0% cap!!!
---35 Claybrook: $1,460,000 (16 units - 15 one bedroom and 1 two bedroom) ($86,500/UNIT) 8.0% cap!!!
---1077 and 1095 Merriwether: $2,025,000 (32 units - all one bedroom) ($65,000/UNIT) 8.0% 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
PROPERTY FACTS
| Price | $4,110,000 | Number of Properties | 4 |
| Price / SF | $98.76 / SF | Individually For Sale | 0 |
| Cap Rate | 8% | Total Building Size | 41,614 SF |
| Sale Type | Investment | Total Land Area | 1.32 AC |
| Status | Active |
| Price | $4,110,000 |
| Price / SF | $98.76 / SF |
| Cap Rate | 8% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 41,614 SF |
| Total Land Area | 1.32 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 32 N Claybrook St, Memphis, TN 38104 | Multifamily | 9,502 SF | 2011 | - |
| 1077 Merriwether Ave, Memphis, TN 38105 | Multifamily | 4,200 SF | 1963 | - |
|
1095 Merriwether Ave
1095 Merriwether Ave, Memphis, TN 38105 |
Multifamily | 15,624 SF | 1971 | - |
| 35 N Claybrook St, Memphis, TN 38104 | Multifamily | 12,288 SF | 1972 | - |
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Midtown Memphis
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