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4034 Berkshire Ave
Memphis, TN 38108
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Central Heating & Air
- Stoves & Refrigerators
- All 2-bedrooms
Executive Summary
Berkshire is a 5 unit multi family property in the Berkshire area. The units are all 2 bedroom with central heating and air, stoves and refrigerators. The scheduled monthly rental income is 3815/mo. There is some upside in rents creating all value add opportunity without a major capital expense. Please do not disturb residents, drive by only.
Property Facts
| Price Per Unit | $77,194 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 10.23% | Building Size | 3,900 SF |
| No. Units | 5 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1964 |
| Apartment Style | Low-Rise | Parking Ratio | 2.82/1,000 SF |
| Zoning | C-L | ||
| Price Per Unit | $77,194 |
| Sale Type | Investment |
| Cap Rate | 10.23% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 3,900 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2.82/1,000 SF |
| Zoning | C-L |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | $795.00 | 750 - 900 |
Property Taxes
| Parcel Number | 06-2054-0-0011 | Improvements Assessment | $51,800 |
| Land Assessment | $7,160 | Total Assessment | $58,960 |
Property Taxes
Parcel Number
06-2054-0-0011
Land Assessment
$7,160
Improvements Assessment
$51,800
Total Assessment
$58,960
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