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4332 Melinda Ave
Memphis, TN 38108
Melinda Apartments · Multifamily Property For Sale
·
8 Units
Investment Highlights
- All 2 bedroom & 1-1/2 bath
- Central Heating & Air
- Washers & Dryers
Executive Summary
4332 Melinda is a well-maintained 8-unit multifamily property located in the established Berclair area.
The property features spacious 2-bedroom, 1.5-bath units equipped with stoves, refrigerators, washers, and dryers.
The property is positioned directly across from an elementary school, enhancing neighborhood appeal.
Currently 100% occupied, the property offers immediate and stable cash flow with scheduled monthly rental income of $6,630. Please do not disturb residents, drive by only.
The property features spacious 2-bedroom, 1.5-bath units equipped with stoves, refrigerators, washers, and dryers.
The property is positioned directly across from an elementary school, enhancing neighborhood appeal.
Currently 100% occupied, the property offers immediate and stable cash flow with scheduled monthly rental income of $6,630. Please do not disturb residents, drive by only.
Property Facts
| Price Per Unit | $84,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 10.61% | Building Size | 6,460 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1969 |
| Apartment Style | Low-Rise | ||
| Zoning | CL | ||
| Price Per Unit | $84,875 |
| Sale Type | Investment |
| Cap Rate | 10.61% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 6,460 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Zoning | CL |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 8 | $876.50 | 750 - 807 |
Property Taxes
| Parcel Number | 05-3091-0-0024 | Improvements Assessment | $85,840 |
| Land Assessment | $16,400 | Total Assessment | $102,240 |
Property Taxes
Parcel Number
05-3091-0-0024
Land Assessment
$16,400
Improvements Assessment
$85,840
Total Assessment
$102,240
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