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Edgewood Townhomes 1903 S Parkway E 46 Unit Apartment Building $2,100,000 ($45,652/Unit) 3.53% Cap Rate Memphis, TN 38114
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,100,000 | Apartment Style | Garden |
| Price Per Unit | $45,652 | Building Class | C |
| Sale Type | Investment | Lot Size | 4.58 AC |
| Cap Rate | 3.53% | Building Size | 39,088 SF |
| Gross Rent Multiplier | 9.44 | Average Occupancy | 89% |
| No. Units | 46 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Zoning | R-MM - Residential | ||
| Price | $2,100,000 |
| Price Per Unit | $45,652 |
| Sale Type | Investment |
| Cap Rate | 3.53% |
| Gross Rent Multiplier | 9.44 |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.58 AC |
| Building Size | 39,088 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | R-MM - Residential |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Heating
- Kitchen
- Oven
- Range
- Yard
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 46 | - | 1,023 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 03-1094-0-0001 | Improvements Assessment | $328,880 |
| Land Assessment | $164,760 | Total Assessment | $493,640 |
Property Taxes
Parcel Number
03-1094-0-0001
Land Assessment
$164,760
Improvements Assessment
$328,880
Total Assessment
$493,640
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Edgewood Townhomes | 1903 S Parkway E
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