Listed by Crye-Leike Commercial Memphis
$385,000
2053 Linden
Details
APN 016064 00013
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,190
Net Rentable (SqFt) 2,190
Units 4
Occupancy 100%
Pro-Forma Cap Rate 11.97%
Pro-Forma NOI $46,080
Price per SqFt $176
Class B
Year Built 1912
Buildings 2
Stories 1
Lot Size (SqFt) 7,492
Great 4 Unit in the Heart of Midtown Surrounded by Single Family Homes
Marketing description
This 4 unit multifamily property is fully occupied with a consistent rental history. Recent upgrades include new facade, new windows and a newer roof. Units have high ceilings, hardwood floors and architectural detail. Walkable location near retail and dining. Prime Midtown Memphis submarket. Value add opportunity with upside in rents. Units are individually metered. The current gross income is 46,080 annually and 3840 per month. Drive by only. Please do not disturb residents.
Investment highlights
In the Heart of Midtown Memphis
Surrounded by Single Family Homes
Listing Contacts
Listed by Crye-Leike Commercial Memphis
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