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162 Clark Pl 4 Unit Apartment Building $535,000 ($133,750/Unit) Memphis, TN 38104
INVESTMENT HIGHLIGHTS
- Overton Square Area
- Central Heating & Air
- Hardwood Floors
- Washers & Dryers
- Updated Kitchens
EXECUTIVE SUMMARY
This 4 unit mid-town building has that classic mid-town charm. There are 4 large 2 bedroom units
with hardwood floors, central heating & air, updated kitchens and baths with washers & dryers.
The current rents are under market. The market rents are 1200 per month minimum per unit.
Currently, the rents are 825 and 700. Two units are currently vacant and available for showing.
Drive by only. Please do not disturb residents.
with hardwood floors, central heating & air, updated kitchens and baths with washers & dryers.
The current rents are under market. The market rents are 1200 per month minimum per unit.
Currently, the rents are 825 and 700. Two units are currently vacant and available for showing.
Drive by only. Please do not disturb residents.
FINANCIAL SUMMARY (PRO FORMA - 2025) 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 - 2025) 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 | $535,000 | Building Class | C |
| Price Per Unit | $133,750 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 4,355 SF |
| No. Units | 4 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1928 |
| Apartment Style | Garden | ||
| Zoning | RU-3 | ||
| Price | $535,000 |
| Price Per Unit | $133,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,355 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1928 |
| Zoning | RU-3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,200 | - |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 01-7034-0-0042 | Total Assessment | $99,520 |
| Land Assessment | $32,600 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $66,920 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
01-7034-0-0042
Land Assessment
$32,600
Improvements Assessment
$66,920
Total Assessment
$99,520
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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162 Clark Pl
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