Description
16-25 UNIT INVESTMENT OPPORTUNITY | 100% OCCUPIED! Excellent opportunity to acquire a fully occupied, income-producing 16-unit apartment building in Memphis. All units feature two bedrooms, with significant renovations completed in 2022. Offered at $1,295,000, approximately $80,938 per unit. Investors can also acquire the adjoining 9-unit building at 1695 Ontario for a combined 25-unit portfolio price of $1,695,000-just $67,800 per unit! Established rental income, additional income potential and existing property management available to remain in place. Ideal for investors looking to expand their multifamily portfolio. Financials and rent roll available upon request. Owner financing may be considered for the combined portfolio, subject to acceptable terms. Owner/Agent
Details
| MLS # | 10231495 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1974 |
| Days On Site | 33 |
| Listing Provided By | RP Newman Realty LLC | Robert Newman |
Features
| Story(s) | 2 |
|---|---|
| Units | 16 |
| Building(s) | 1 |
Interior
| Appliances Or Equipment | Other (See REMARKS) |
|---|
Exterior
| Roof | Other (See REMARKS) |
|---|---|
| Construction | Other (See Remarks) |
| Foundation | Slab |
Parking
| Parking Facility | Asphalt/Blacktop |
|---|
Area Information
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38127 |
| Area | Frayser East |
| Subarea | 727C |
| Community Name | WILLIS |
| Listing VS Median (in WILLIS) | |
Price: $1,295,000 low | high Med: $0 On site: 33 low | high Med: | |
Market Activity 38127
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Learn More About This Property
| State | TN |
|---|---|
| County | Shelby |
| City | Memphis |
| Zip Code | 38127 |
| Area | Frayser East |
| Subarea | 727C |
| Community Name | WILLIS |
| Listing VS Median (in WILLIS) | |
Price: $1,295,000 low | high Med: $0 On site: 33 low | high Med: | |
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