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30110818
30110816

347 Pauline St, Memphis, TN 38104

CB
TN-284224
Braden, Braden & Braden CRE
TB
TN 352872
Braden, Braden & Braden CRE
Listed by Braden, Braden & Braden CRE
$450,800
477 days on market
Updated 90 days ago
Opportunity zone

347 Pauline St

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,100
Units 14
Cap Rate 7.94%
NOI $76,680
Occupancy 90%
Pro-Forma Cap Rate 15.26%
Pro-Forma NOI $167,055
Price per SqFt $134
Class C
Year Built 1965
Buildings 2
Stories 2
Acreage 0.260
Zoning RMM
Parking Spaces 20 spaces
Parking Per SqFt 3.92
Ownership Fee Simple

Multifamily | 7 Units

Marketing description

Exclusive Investment Opportunity: 986 Peabody & 347 Pauline Package Deal

Take advantage of this rare opportunity to acquire two well-maintained multifamily properties as a package deal.

986 Peabody and 347 Pauline offer a total of 15 units spread across two prime locations, providing significant potential for strong cash flow and long-term growth. With a combined total purchase price of $966,000, this package is an exceptional value for investors looking to expand their portfolio in a sought-after area.

986 Peabody: A well-positioned property with 8 units.

347 Pauline: A 7-unit complex.

Together, these properties provide a diverse mix of unit types and an attractive total capitalization rate. Whether you are looking for a solid investment opportunity, looking to add value through property management, or simply expanding your portfolio, this package is one to consider.

Listing Contacts

CB
TN-284224
Braden, Braden & Braden CRE
TB
TN 352872
Braden, Braden & Braden CRE
Listed by Braden, Braden & Braden CRE

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$76,680.00
$6,390.00/mo

Valuation Metrics

0
DSCR
17.01%
Cap Rate
17.01%
ROI

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