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2053 Linden 4-plex 2053 Linden Ave 4 Unit Apartment Building $340,000 ($85,000/Unit) Memphis, TN 38104
Investment Highlights
- 100% occupied 4 plex in popular neighborhood
- Call listing agent Worth Woodyard for more information 901-767-1998
- Visit our listing website for financials
Executive Summary
Located in the heart of Midtown Memphis, 2053 Linden Avenue is a four-unit multifamily property offering an attractive investment opportunity in one of the city’s most established and desirable rental submarkets. The property is currently 75% occupied, with three of four units leased, providing immediate in-place income along with near-term upside through lease-up of the remaining unit.
At current occupancy, the property offers actual gross monthly rental income of $2,880, or $34,560 annually. Its central Midtown location provides convenient access to Downtown Memphis, the Medical District, Overton Square, Cooper-Young, and major employment, dining, entertainment, and cultural destinations throughout the urban core.
At current occupancy, the property offers actual gross monthly rental income of $2,880, or $34,560 annually. Its central Midtown location provides convenient access to Downtown Memphis, the Medical District, Overton Square, Cooper-Young, and major employment, dining, entertainment, and cultural destinations throughout the urban core.
Property Facts
| Price | $340,000 | Building Class | C |
| Price Per Unit | $85,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,279 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1912 |
| Apartment Style | Garden | ||
| Zoning | RD | ||
| Price | $340,000 |
| Price Per Unit | $85,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,279 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1912 |
| Zoning | RD |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 01-6064-0-0013 | Improvements Assessment | $45,520 |
| Land Assessment | $29,200 | Total Assessment | $74,720 |
Property Taxes
Parcel Number
01-6064-0-0013
Land Assessment
$29,200
Improvements Assessment
$45,520
Total Assessment
$74,720
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2053 Linden 4-plex | 2053 Linden Ave