Log In/Sign Up
Your email has been sent.
At the Square 21 Diana St 16 Unit Apartment Building $1,520,000 ($95,000/Unit) 7.79% Cap Rate Memphis, TN 38104
Investment Highlights
- Value Add Potential - Increase Rents By $400/month
- Best Location In Memphis
Executive Summary
This property is cash flowing and 90% occupied.
Value add potential to improve all the units and increase rents to +$1000 a month.
7/16 units have washer/dryers in the unit.
Priced to sell. Assumable Freddie Mac Loan in place at 4.5% interest.
Value add potential to improve all the units and increase rents to +$1000 a month.
7/16 units have washer/dryers in the unit.
Priced to sell. Assumable Freddie Mac Loan in place at 4.5% interest.
Property Facts
| Price | $1,520,000 | Building Class | C |
| Price Per Unit | $95,000 | Lot Size | 0.57 AC |
| Sale Type | Investment | Building Size | 16,960 SF |
| Cap Rate | 7.79% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 0.71/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RMM | ||
| Price | $1,520,000 |
| Price Per Unit | $95,000 |
| Sale Type | Investment |
| Cap Rate | 7.79% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 16,960 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 0.71/1,000 SF |
| Zoning | RMM |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Courtyard
- Fenced Lot
- Tenant Controlled HVAC
- Gated
- Gas Range
- Walking/Biking Trails
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | $1,198 | - |
1 1
Walk Score®
Very Walkable (85)
Property Taxes
| Parcel Number | 01-7064-0-0006 | Improvements Assessment | $280,520 |
| Land Assessment | $90,360 | Total Assessment | $370,880 |
Property Taxes
Parcel Number
01-7064-0-0006
Land Assessment
$90,360
Improvements Assessment
$280,520
Total Assessment
$370,880
1 of 25
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
At the Square | 21 Diana St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.