Listed by 901, REALTORS
$1,000,000
60 N Willett
Details
Property Type Multifamily
Sub Type Apartment Building, Short term rental
Square Footage 5,786
Cap Rate 8.36%
NOI $83,569
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Price per SqFt $173
Class A
Year Renovated 2024
Buildings 1
Lot Size (SqFt) 9,000 - 10,000
Zoning Apartment
Investment Type Stabilized
Occupancy Date 04/30/2026
Sale Condition 1031 exchange
Rare Midtown, 100% Rented,
Investment highlights
Why buy 3 SFRs spread around town, when you can get 8 producing doors all in one place?
Rare opportunity to own this 100% rented cash-flowing property in the heart, Midtown, of Memphis, TN. Conveniently located by the hot-bio-medical district (jobs), live music venues (entertainment), shopping centers (food) and outdoor area (Family, Zoo, Parks).
Perfect for a 1031 Exchange. Local bank will finance to new multiunit investor due to property location. 360° and Virtual tours are available. Rent roll and maintenance reports can be obtained by emailing [email protected] or calling 901-676-6555
www.901.REALTORS is an Equal Housing Provider
Listing Contacts
Listed by 901, REALTORS
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,569.00
$6,964.08/mo
Valuation Metrics
0
DSCR
8.36%
Cap Rate
8.36%
ROI
Map
Zoning
RU-3(H) OverlayResidential Urban 3 Historic Overlay
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View all 168 uses
View all 168 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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