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78 N Rembert St

4 Unit Apartment Building Offered at £785,055 at a 6.55% Net Initial Yield in Memphis, TN 38104

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Investment Highlights

Open Floorplan
Modern Kitchens with Granite Countertops

Washers & Dryers
Balconies

Executive Summary

This newer 4 plex consists of all large 2 bedroom and 2 bath units with lots of modern amenities, including washers and dryers and modern kitchens. The scheduled monthly income is 7290 per month. Drive by only not disturb. 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	£785,055	Lot Size	0.17 AC
Price Per Unit	£196,264	Building Size	4,725 SF
Sale Type	Investment	Average Occupancy	100%
Net Initial Yield	6.55%	Number of Floors	2
Gross Rent Multiplier	86	Year Built	2020
No. Units	4	Parking Ratio	0.85/1,000 SF
Property Type	Residential

Price	£785,055
Price Per Unit	£196,264
Sale Type	Investment
Net Initial Yield	6.55%
Gross Rent Multiplier	86
No. Units	4
Property Type	Residential
Lot Size	0.17 AC
Building Size	4,725 SF
Average Occupancy	100%
Number of Floors	2
Year Built	2020
Parking Ratio	0.85/1,000 SF

Unit Amenities

Air Conditioning
Balcony
Dishwasher

Microwave
Washer/Dryer
Heating

Ceiling Fans
Double Vanities
Granite Countertops

Stainless Steel Appliances
Walk-In Closets

Site Amenities

Gated

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
2+2	4	£1,477	1,200

1 of 1

Walk Score ®

Very Walkable (85)

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, Transit Score® & Bike Score?

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of any address. Transit Score®

measures access to public transit. Bike Score®

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PROPERTY TAXES

Parcel Numbers	Multiple 01-7060-0-0031 01-7060-0-0030	Total Assessment	£222,518 (2024)
Land Assessment	£8,204 (2024)	Annual Taxes	-£1 (£0.00/sf)
Improvements Assessment	£214,314 (2024)	Tax Year	2023