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1905 Jefferson Ave 6 Unit Apartment Building $695,000 ($115,833/Unit) Memphis, TN 38104
Investment Highlights
- Balconies
- New Roof
- Updated Kitchens and Baths with Stainless Steel Appliances
Executive Summary
This 6 unit multi family is located in the heart of midtown just a few blocks from Overton Park. The units are all one bedrooms with updated kitchens and baths and individual washers and dryers. The roof is new and there is plenty of parking. The scheduled monthly income is 5400 per month. Please drive by only.
Financial Summary (Pro Forma - 2026) 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 - 2026) 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
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Carpet
- Yard
- Dining Room
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,300 | 567 |
1 1
Walk Score®
Very Walkable (85)
Property Taxes
| Parcel Number | 01-7051-0-0008 | Total Assessment | $133,200 (2025) |
| Land Assessment | $37,560 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $95,640 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
01-7051-0-0008
Land Assessment
$37,560 (2025)
Improvements Assessment
$95,640 (2025)
Total Assessment
$133,200 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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1905 Jefferson Ave
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