• Broker Thomas Hewgley 9013051755

Midtown Memphis

4 Multifamily Properties Offered at £3,170,084 in Memphis, TN

View Photo

INVESTMENT HIGHLIGHTS

  • 58 TOTAL UNITS IN THE HEART OF MIDTOWN; IN AND NEAR THE MEDICAL DISTRICT.
  • PROPERTY IS A VALUE ADD OPPORTUNITY.
  • RECENTLY RENOVATED READY FOR MOVE IN.

EXECUTIVE SUMMARY

-CAN BUY ONE OR ALL OR ANY SELECTION....
---32 Claybrook: $625,000 (10 units - all studio) ($62,500/UNIT) 8.0% cap!!!
---35 Claybrook: $1,460,000 (16 units - 15 one bedroom and 1 two bedroom) ($86,500/UNIT) 8.0% cap!!!
---1077 and 1095 Merriwether: $2,025,000 (32 units - all one bedroom) ($65,000/UNIT) 8.0% cap!!!
-RENOVATED, STABLE, WITH SLIGHT VALUE ADD!!!
-26 UNITS ACROSS THE STREET FROM ONE ANOTHER; THE OTHER 32 WITHIN A MILE
-SECURITY ACCESS
-STAINLESS STEEL APPLIANCES IN SOME UNITS
-HEART OF MEDICAL DISTRICT AND NEAR THE VA

PROPERTY FACTS

Price £3,170,084
Price / SF £76.18 / SF
Net Initial Yield 8%
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 41,614 SF
Total Land Area 1.32 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
32 N Claybrook St, Memphis, TN 38104 Multifamily 9,502 SF 2011 -
1077 Merriwether Ave, Memphis, TN 38105 Multifamily 4,200 SF 1963 -
35 N Claybrook St, Memphis, TN 38104 Multifamily 12,288 SF 1972 -
1095 Merriwether Ave
1095 Merriwether Ave, Memphis, TN 38105 		Multifamily 15,624 SF 1971 -
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Map of 32 N Claybrook St Memphis, TN 38104

ADDITIONAL PHOTOS

View Photo 35 N Claybrook St
View Photo 1077 Merriwether Ave
View Photo 1095 Merriwether Ave

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