975 Marble Ave
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975 Marble Ave
2 Unit Block of Flats £90,656 (£45,328/Unit) 10.56% Net Initial Yield Memphis, TN 38107
Investment Highlights
- Newer Roof
- Near Downtown Memphis
- Recently Renovated
- Good Upside Rents
Executive Summary
This property is near Downtown Memphis and has 2 bedrooms, 1 bath within each unit. The scheduled monthly income is 1,224 per month.
Ideal property for an owner occupant.
Drive by only. Please do not disturb residents.
Ideal property for an owner occupant.
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 | £90,656 | Lot Size | 0.10 AC |
| Price Per Unit | £45,328 | Building Size | 1,626 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Net Initial Yield | 10.56% | Number of Floors | 1 |
| No. Units | 2 | Year Built | 1940 |
| Property Type | Residential | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | £90,656 |
| Price Per Unit | £45,328 |
| Sale Type | Investment |
| Net Initial Yield | 10.56% |
| No. Units | 2 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Lot Size | 0.10 AC |
| Building Size | 1,626 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1940 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 2 | £482.87 | 813 |
1 of 1
zoning
| Zoning Code | RU-1 |
| RU-1 |
-
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975 Marble Ave
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