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6 Unit Apartment - Memphis, TN 784 Porter St 6 Unit Apartment Building $250,000 ($41,667/Unit) 7.44% Cap Rate Memphis, TN 38126
INVESTMENT HIGHLIGHTS
- Property is 3,200 SF, consisting of 6 units across 2 stories, and is a Class C construction/condition.
- All units are 1 bed / 1 bath, with an average of approximately 533 SF each.
- With 4 vacant units, this provides a significant opportunity for value-add investors.
- Offered below replacement cost.
- Recently renovated in 2023.
- Once stabilized, this could be a reliable cash-flowing asset with MHA (Memphis Housing Authority) backing.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to offer for sale a 3,200 SF, 6-unit apartment building at 784 Porter St in Memphis, TN. Each unit is 1 bedroom and 1 bathroom, averaging 533 SF. With 4 vacant units, this property is a great opportunity for value-add investors.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 01-1038-0-0011 | Improvements Assessment | $30,720 |
| Land Assessment | $5,760 | Total Assessment | $36,480 |
PROPERTY TAXES
Parcel Number
01-1038-0-0011
Land Assessment
$5,760
Improvements Assessment
$30,720
Total Assessment
$36,480
CONTACTS
-
Johnny Friberg -
Jess Kappelman -
Thomas Gorman -
Sands Investment Group Atlanta, LLC
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6 Unit Apartment - Memphis, TN | 784 Porter St
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