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3721 Millbranch Rd 3719 Millbranch Rd 20 Unit Apartment Building $1,546,000 ($77,300/Unit) 10.44% Cap Rate Memphis, TN 38116
Investment Highlights
- Central Heating & Air
- Close to Memphis Airport, Graceland, FedEx and UPS
- Stoves & Refrigerators
Executive Summary
Millbranch is a 20-unit multifamily community featuring 2-bedroom units with central heating and air.
Each unit is equipped with stoves and refrigerators, offering residents comfortable and functional living accommodations.
Ideally located just minutes from FedEx, UPS, Memphis International Airport, and Graceland, the property benefits from strong employment and tourism drivers.
The scheduled monthly rental income is $14,950 per month. Please do not disturb residents, drive by only.
Each unit is equipped with stoves and refrigerators, offering residents comfortable and functional living accommodations.
Ideally located just minutes from FedEx, UPS, Memphis International Airport, and Graceland, the property benefits from strong employment and tourism drivers.
The scheduled monthly rental income is $14,950 per month. Please do not disturb residents, 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
| Price | $1,546,000 | Building Class | C |
| Price Per Unit | $77,300 | Lot Size | 0.83 AC |
| Sale Type | Investment | Building Size | 15,500 SF |
| Cap Rate | 10.44% | Average Occupancy | 80% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 3.23/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-ML | ||
| Price | $1,546,000 |
| Price Per Unit | $77,300 |
| Sale Type | Investment |
| Cap Rate | 10.44% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.83 AC |
| Building Size | 15,500 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 3.23/1,000 SF |
| Zoning | R-ML |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 20 | $850.00 | 775 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 07-8032-0-0001C | Total Assessment | $161,520 (2025) |
| Land Assessment | $26,080 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $135,440 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
07-8032-0-0001C
Land Assessment
$26,080 (2025)
Improvements Assessment
$135,440 (2025)
Total Assessment
$161,520 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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3721 Millbranch Rd | 3719 Millbranch Rd
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