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1616 Monroe Ave
Memphis, TN 38104
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Midtown 8 units
- Appliances including washer/dryers
- Fully Renovated
- All 1 bedrooms
Property Facts
| Price Per Unit | $111,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.84% | Building Size | 5,740 SF |
| Gross Rent Multiplier | 10.7 | Average Occupancy | 90% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RMH | ||
| Price Per Unit | $111,875 |
| Sale Type | Investment |
| Cap Rate | 6.84% |
| Gross Rent Multiplier | 10.7 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,740 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | RMH |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Washer/Dryer Hookup
- Kitchen
- Stainless Steel Appliances
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $866.00 | - |
Property Taxes
| Parcel Number | 01-7039-0-0027 | Improvements Assessment | $232,040 |
| Land Assessment | $30,840 | Total Assessment | $262,880 |
Property Taxes
Parcel Number
01-7039-0-0027
Land Assessment
$30,840
Improvements Assessment
$232,040
Total Assessment
$262,880
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