347 S Pauline St | Memphis, TN 38104
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- LoopNet Team
347 S Pauline St
Memphis, TN 38104
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Pauline Place provides a seven-unit apartment community with a great location in the Memphis Medical District and significant value-add potential.
- Placed near top job centers, including FedEx Corporate, Le Bonheur and Baptist Memorial healthcare systems, and the Memphis International Airport.
- Sold as a package deal with 986 Peabody, providing a total of 15 apartments units for a total purchase price of $966,000.
- Highly visible community signage provides excellent brand exposure to more than 4,000 passing vehicles each day.
Property Facts
| No. Units | 7 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 5,100 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 1.96/1,000 SF |
| Zoning | RMM | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 5,100 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.96/1,000 SF |
| Zoning | RMM |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 500 - 1,000 |
| 2+1 | 3 | - | 638 - 776 |
Property Taxes
| Parcel Number | 01-8024-0-0005 | Improvements Assessment | $24,240 |
| Land Assessment | $41,400 | Total Assessment | $65,640 |
Property Taxes
Parcel Number
01-8024-0-0005
Land Assessment
$41,400
Improvements Assessment
$24,240
Total Assessment
$65,640
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