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Madison Place Apartments 1772-1776 Madison Ave 16 Unit Apartment Building $2,604,501 CAD ($162,781 CAD/Unit) 6.42% Cap Rate Memphis, TN 38104
Executive Summary
Beautifully redone and maintained multi family property that sits in the heart of Midtown Memphis.
https://1772Madison.crye-leike.com
https://1772Madison.crye-leike.com
Property Facts
| Price | $2,604,501 CAD | Building Class | C |
| Price Per Unit | $162,781 CAD | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 13,600 SF |
| Cap Rate | 6.42% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | CH | ||
| Price | $2,604,501 CAD |
| Price Per Unit | $162,781 CAD |
| Sale Type | Investment |
| Cap Rate | 6.42% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 13,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | CH |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Hardwood Floors
- Ice Maker
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
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Very walkable
80/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $683,505 CAD | |
| Land Assessment | $171,217 CAD | Total Assessment | $854,723 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$171,217 CAD
Improvements Assessment
$683,505 CAD
Total Assessment
$854,723 CAD
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Madison Place Apartments | 1772-1776 Madison Ave
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