Listed by Crye-Leike Real Estate Services
$1,249,000
179 VANCE - DOWNTOWN MEMPHIS
Details
APN 002131 00004C AND 002131 00006
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,000
Net Rentable (SqFt) 9,000
Units 2
Cap Rate 14.65%
NOI $183,000
Broker Co-Op Yes
Class C
Year Built 1923
Year Renovated 2017
Buildings 1
Stories 2
Acreage 0.360
Zoning SMSD
Investment Type Owner/User
Multifamily | 2 Units | $624,500/unit
Marketing description
****AIRBNB****This place is HUGE with 9000 sqft. 2 Units. Each Unit is 7 bedrooms 3 Baths. Private parking lot that has 12 parking spaces. Building is 2 blocks from the FedEx Forum. Please note: this is not a luxury place. Its shabby-chic so don’t expect high end finishes.
Listing Contacts
Listed by Crye-Leike Real Estate Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$183,000.00
$15,250.00/mo
Valuation Metrics
0
DSCR
14.65%
Cap Rate
14.65%
ROI
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