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30854672
30854695

107 S Ct Ave, Memphis, TN 38103

JR
TN 375004, MS S-59565
eXp Realty, LLC
Listed by eXp Realty, LLC
$225,000
87 days on market
Updated 18 days ago

Best Memphis Penthouse - Downtown Condo 2BR

Details
APN 002-015- -B-00006
Property Type Business for Sale
Sub Type Business Only
Square Footage 1,527
Net Rentable (SqFt) 1,527
Units 1
Cap Rate 14.34%
NOI $32,263
Pro-Forma Cap Rate 15.56%
Pro-Forma NOI $35,000
Price per SqFt $147
Class A
Zoning Condo/Townhouse/Apt.
Investment Type Stabilized

STR Condo for Sale | 14.34% CAP | 1,527 SqFt | 662-642-1458!

Marketing description

Live in the heart of downtown Memphis in this spacious 2-bedroom, 2-bath condo that offers 1,527 square feet of stylish comfort. Soak in natural light from a beautiful skylight, or step outside to explore legendary spots like Beale Street, AutoZone Park, and the Fire Museum of Memphis—all just a short walk away. With its move-in ready status and being sold as-is, this home is perfect for first-time buyers, seasoned investors, or anyone craving the energy of city life. Whether you’re diving into Memphis history or duck-watching at The Peabody, your new adventure starts here—literally steps from the action.

Watch the YouTube video here —-> https://youtu.be/lcuY_-wC7sg?si=8tACziS7QfbX-Of5

Explore the interactive Matterport virtual tour here —-> https://www.homes.com/property/107-s-court-ave-memphis-tn-unit-303/85r4j9vk00c14/?dk=81e9f9ppghpj7

Take a look at the STR property’s landing page for VRBO bookings here —-> https://www.vrbo.com/1869659

Listing Contacts

JR
TN 375004, MS S-59565
eXp Realty, LLC
Listed by eXp Realty, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$32,263.00
$2,688.58/mo

Valuation Metrics

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DSCR
14.34%
Cap Rate
14.34%
ROI

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Additional Information

Name
Jordan Ray
License
375004
Brokerage
eXp Realty, LLC
Brokerage Phone
9015050756
Title
Realtor
Brokerage Address
8059 Stage Hills Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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