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370 S Fenwick Rd - Chickasaw Gardens Triplex 3 Unit Apartment Building Offered at $250,000 at a 7% Cap Rate Memphis, TN 38111
Executive Summary
Great turnkey opportunity right next to Memphis's historic Chickasaw Gardens neighborhood. Current tenants have been there for a long time. Roof has recently been replaced.
Property Facts
| Price | $250,000 | Property Type | Multifamily |
| Price Per Unit | $83,333 | Building Size | 1,641 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7% | Year Built | 1958 |
| No. Units | 3 |
| Price | $250,000 |
| Price Per Unit | $83,333 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 1,641 SF |
| No. Stories | 1 |
| Year Built | 1958 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| Studios | 1 | - | - |
1 1
Property Taxes
| Parcel Number | 04-5041-0-0044 | Improvements Assessment | $72,240 |
| Land Assessment | $14,360 | Total Assessment | $86,600 |
Property Taxes
Parcel Number
04-5041-0-0044
Land Assessment
$14,360
Improvements Assessment
$72,240
Total Assessment
$86,600
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370 S Fenwick Rd - Chickasaw Gardens Triplex
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