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Madison Place Apartments 1772-1776 Madison Ave 16 Unit Apartment Building $1,950,000 ($121,875/Unit) 6.26% Cap Rate Memphis, TN 38104
EXECUTIVE SUMMARY
Beautifully redone and maintained multi family property that sits in the heart of Midtown Memphis.
https://1772Madison.crye-leike.com
https://1772Madison.crye-leike.com
PROPERTY FACTS
| Price | $1,950,000 | Building Class | C |
| Price Per Unit | $121,875 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 13,600 SF |
| Cap Rate | 6.26% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | CH | ||
| Price | $1,950,000 |
| Price Per Unit | $121,875 |
| Sale Type | Investment |
| Cap Rate | 6.26% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 13,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | CH |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Hardwood Floors
- Ice Maker
- Refrigerator
- Range
SITE AMENITIES
- Laundry Facilities
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $500,920 | |
| Land Assessment | $125,480 | Total Assessment | $626,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$125,480
Improvements Assessment
$500,920
Total Assessment
$626,400
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Madison Place Apartments | 1772-1776 Madison Ave
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