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31773758
31773759

957 S Wellington St, Memphis, TN 38126 For Sale

JM
TN 250330
Crye-Leike Commercial Memphis
Listed by Crye-Leike Commercial Memphis
$589,000
89 days on market
Updated 89 days ago
Opportunity zone

957 Wellington

Details
APN 01-3043-0-0014
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,000
Net Rentable (SqFt) 5,000
Units 6
Cap Rate 11%
NOI $64,800
Occupancy 100%
Pro-Forma Cap Rate 7.24%
Pro-Forma NOI $42,658
Price per SqFt $118
Class B
Year Built 1965
Year Renovated 2020
Buildings 1
Stories 2
Lot Size (SqFt) 10,187

Spacious 2-Bedrrom Units. New Roof, Electrical, Windows & Flooring.

Marketing description

This fully renovated 6-unit multifamily property is located just minutes south of Downtown Memphis.

Each unit is a spacious 2-bedroom, appealing to a strong and stable tenant base.

Recent upgrades include a new roof, electrical, plumbing, windows, and flooring.

The property generates $5,400 in scheduled monthly rental income.

A turnkey asset offering immediate cash flow with upside in a growing submarket.

Investment highlights

This fully renovated 6-unit multifamily property is located just minutes south of Downtown Memphis.

Each unit is a spacious 2-bedroom, appealing to a strong and stable tenant base.

Recent upgrades include a new roof, electrical, plumbing, windows, and flooring.

The property generates $5,400 in scheduled monthly rental income.

A turnkey asset offering immediate cash flow with upside in a growing submarket.

Listing Contacts

JM
TN 250330
Crye-Leike Commercial Memphis
Listed by Crye-Leike Commercial Memphis

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$64,800.00
$5,400.00/mo

Valuation Metrics

0
DSCR
11%
Cap Rate
11%
ROI

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