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32197239
32197241

3917 Dunn Avenue, Memphis, TN 38111 For Sale

JM
TN 250330
Crye-Leike Commercial Memphis
Listed by Crye-Leike Commercial Memphis
$846,284
0 days on market
Updated 0 days ago

10 Unit Apartment Building

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,380
Units 10
Cap Rate 9.39%
NOI $79,475
Pro-Forma Cap Rate 10.17%
Pro-Forma NOI $86,075
Class D
Year Built 1960
Lot Size (SqFt) 14,985

A fully renovated 10-unit multifamily asset in a strong Memphis rental corridor.

Marketing description

A fully renovated 10-unit multifamily asset in a strong Memphis rental corridor.

The property features ten 2BR/1BA units generating $8,050/month in scheduled income.

Recent upgrades include new electrical, central HVAC, kitchen cabinets, and granite countertops.

Each unit is equipped with in-unit washers/dryers, stoves, and refrigerators.

These improvements significantly reduce near-term capital expenditures for a new owner. Please do not disturb residents and drive by only.

Investment highlights

The property features ten 2BR/1BA units generating $8,050/month in scheduled income.

Recent upgrades include new electrical, central HVAC, kitchen cabinets, and granite countertops.

Each unit is equipped with in-unit washers/dryers, stoves, and refrigerators.

These improvements significantly reduce near-term capital expenditures for a new owner. Please do not disturb residents and drive by only.

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
$79,475.00
$6,622.92/mo

Valuation Metrics

0
DSCR
9.39%
Cap Rate
9.39%
ROI

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