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60 N Willett St 7 Unit Apartment Building $1,000,000 ($142,857/Unit) 8.63% Cap Rate Memphis, TN 38104



Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2025) 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 (Actual - 2025) 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 | $1,000,000 | Building Class | C |
| Price Per Unit | $142,857 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 6,708 SF |
| Cap Rate | 8.63% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.49/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RU-3 - Multi-family zoning | ||
| Price | $1,000,000 |
| Price Per Unit | $142,857 |
| Sale Type | Investment |
| Cap Rate | 8.63% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 6,708 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2023 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | RU-3 - Multi-family zoning |
Amenities
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 750 |
| 2+1 | 2 | - | 1,000 |
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-7036-0-0006 | Total Assessment | $152,480 |
| Land Assessment | $36,720 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $115,760 | Tax Year | 2025 |
Property Taxes
Parcel Number
01-7036-0-0006
Land Assessment
$36,720
Improvements Assessment
$115,760
Total Assessment
$152,480
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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60 N Willett St
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