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Edgewood Townhomes 1903 S Parkway E 46 Unit Apartment Building $2,931,432 CAD ($63,727 CAD/Unit) 3.53% Cap Rate Memphis, TN 38114

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FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $2,931,432 CAD
Price Per Unit $63,727 CAD
Sale Type Investment
Cap Rate 3.53%
Gross Rent Multiplier 9.44
No. Units 46
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 4.58 AC
Building Size 39,088 SF
Average Occupancy 89%
No. Stories 2
Year Built 1948
Parking Ratio 1.14/1,000 SF
Zoning R-MM

AMENITIES

UNIT AMENITIES

  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Oven
  • Range
  • Yard

SITE AMENITIES

  • Courtyard

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 46 - 1,023

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-1094-0-0001
Land Assessment
$231,422 CAD
Improvements Assessment
$461,945 CAD
Total Assessment
$693,367 CAD
  • Listing ID: 36027334

  • Date on Market: 2025-05-29

  • Last Updated:

  • Address: 1903 S Parkway E, Memphis, TN 38114

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