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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32737162

1037 FAXON AVE, MEMPHIS, TN 38105-2402

TH
AR SA00081367, TN 305292
Hewgley Commercial Real Estate
Listed by Hewgley Commercial Real Estate
$190,000
June 30th, 2026 9:08 pm
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Deal terms not defined, request your own terms when submitting an LOI. Learn more

ROOMING HOUSE (CAN BUNDLE W/ TRIPLEX) - TAKING ALL OFFERS

Details
APN 021018 00003
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 2,252
Units 1
Cap Rate 11.32%
NOI $21,504
Occupancy 80%
Class C
Year Built 1912
Stories 2
Lot Size (SqFt) 6,250
Sale Condition N/A

ROOMING HOUSE/6 BEDS/$3,200 PER MONTH

Marketing description

-RARE OPPORTUNITY FOR ROOMING HOUSE

-CAN CONVERT BACK TO SFH RENTAL OR SALE

-CONSIDERING ALL OFFERS BY END OF MONTH!!!!!!!!

Investment highlights

-3 BED/1 BATH HOUSE BEING USED AS ROOMING HOUSE

-$3,200 MONTHLY INCOME

-NEEDS MINOR REPAIR

-GREAT MIDTOWN RENTAL SUBMARKET

Listing Contacts

TH
AR SA00081367, TN 305292
Hewgley Commercial Real Estate
Listed by Hewgley Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$21,504.00
$1,792.00/mo

Valuation Metrics

0
DSCR
11.32%
Cap Rate
11.32%
ROI

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