23 S Morrison St
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23 S Morrison St
3 Unit Apartment Building Offered at £700,293 at a 6.01% Net Initial Yield in Memphis, TN 38104
Investment Highlights
- Open Floorplan
- Gated Entry
- Modern Kitchen with Granite Countertops
- Washers & Dryers
Executive Summary
This newer triplex consists of 3-large 2 bedroom 2 bath units with lots of modern amenities, including modern kitchens, washers and dryers and balconies. The scheduled monthly income is 6291 per month. Drive by only. Please do not disturb residents.
Financial Summary (Actual - 2023) 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 - 2023) 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 | £700,293 | Property Type | Residential |
| Price Per Unit | £233,431 | Building Size | 5,678 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Net Initial Yield | 6.01% | Number of Floors | 3 |
| No. Units | 3 | Year Built | 2023 |
| Price | £700,293 |
| Price Per Unit | £233,431 |
| Sale Type | Investment |
| Net Initial Yield | 6.01% |
| No. Units | 3 |
| Property Type | Residential |
| Building Size | 5,678 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built | 2023 |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Ceiling Fans
- Refrigerator
- Range
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 3 | £1,651 | 1,700 |
1 of 1
Walk Score ®
Very Walkable (88)
1 of 10
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23 S Morrison St
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