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Graham Manor Apartments 1744 N Graham St 22 Unit Apartment Building $1,778,790 CAD ($80,854 CAD/Unit) Memphis, TN 38108
Investment Highlights
- Substaintial recent renovations
- Active and evolving neighborhood
- Turn-Key
- Occupancy steadily rising as all units are now fully renovated
Executive Summary
1744 N Graham is a 22-unit multifamily property in the heart of Berclair, one of Memphis’s most active and evolving neighborhoods. The property consists of 20 two-bedroom units and 2 one-bedroom units, with current occupancy at 86% and rising quickly as renovated units are leased. The seller has made significant capital improvements including updated plumbing, new appliances, fresh exterior paint, roofing enhancements, and upgraded window units. Located just minutes from I-40, Poplar Avenue, and the University of Memphis, this property offers strong rental demand in a neighborhood known for its affordability and central access. With much of the heavy lifting complete, 1744 N Graham is well-positioned for continued lease-up and long-term cash flow.
Please reach out to Dylan Patel at (901) 826-8712 for further information!
Please reach out to Dylan Patel at (901) 826-8712 for further information!
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$301,026
|
$20.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$301,026
|
$20.07
|
| Taxes |
$20,310
|
$1.35
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$20,310
|
$1.35
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $301,026 |
| Annual Per SF | $20.07 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $301,026 |
| Annual Per SF | $20.07 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,310 |
| Annual Per SF | $1.35 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $20,310 |
| Annual Per SF | $1.35 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,778,790 CAD | Building Class | C |
| Price Per Unit | $80,854 CAD | Lot Size | 0.72 AC |
| Sale Type | Investment | Building Size | 15,000 SF |
| No. Units | 22 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1964/2025 |
| Apartment Style | Garden | Parking Ratio | 2.67/1,000 SF |
| Zoning | C - Commercial | ||
| Price | $1,778,790 CAD |
| Price Per Unit | $80,854 CAD |
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 15,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2025 |
| Parking Ratio | 2.67/1,000 SF |
| Zoning | C - Commercial |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 400 |
| 2+1 | 20 | - | 500 |
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Property Taxes
| Parcel Number | 06-2048-0-0001C | Total Assessment | $365,041 CAD |
| Land Assessment | $34,013 CAD | Annual Taxes | $20,310 CAD ($1.35 CAD/SF) |
| Improvements Assessment | $331,028 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
06-2048-0-0001C
Land Assessment
$34,013 CAD
Improvements Assessment
$331,028 CAD
Total Assessment
$365,041 CAD
Annual Taxes
$20,310 CAD ($1.35 CAD/SF)
Tax Year
2025
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Graham Manor Apartments | 1744 N Graham St
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