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Cedar View Apartments 3917 Dunn Rd 10 Unit Apartment Building $846,284 ($84,628/Unit) 8.85% Cap Rate Memphis, TN 38111
Investment Highlights
- Fully Renovated
- Granite Countertops, Washers & Dryers
- All 2-bedroom
Executive Summary
A fully renovated 10-unit multifamily asset in a strong Memphis rental corridor.
The property features ten 2BR/1BA units generating $8,050/month in scheduled income.
Recent upgrades include new electrical, central HVAC, kitchen cabinets, and granite countertops.
Each unit is equipped with in-unit washers/dryers, stoves, and refrigerators.
These improvements significantly reduce near-term capital expenditures for a new owner. Please do not disturb residents and drive by only.
The property features ten 2BR/1BA units generating $8,050/month in scheduled income.
Recent upgrades include new electrical, central HVAC, kitchen cabinets, and granite countertops.
Each unit is equipped with in-unit washers/dryers, stoves, and refrigerators.
These improvements significantly reduce near-term capital expenditures for a new owner. Please do not disturb residents and 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 | $846,284 | Building Class | C |
| Price Per Unit | $84,628 | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 9,948 SF |
| Cap Rate | 8.85% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.51/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-MM | ||
| Price | $846,284 |
| Price Per Unit | $84,628 |
| Sale Type | Investment |
| Cap Rate | 8.85% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 9,948 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.51/1,000 SF |
| Zoning | R-MM |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | $810.00 | 850 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 05-8082-0-0001 | Total Assessment | $79,520 (2025) |
| Land Assessment | $16,200 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $63,320 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
05-8082-0-0001
Land Assessment
$16,200 (2025)
Improvements Assessment
$63,320 (2025)
Total Assessment
$79,520 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Cedar View Apartments | 3917 Dunn Rd
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