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196 N Auburndale St 4 Unit Apartment Building $1,049,993 CAD ($262,498 CAD/Unit) 10.98% Cap Rate Memphis, TN 38112
INVESTMENT HIGHLIGHTS
- Wshers & Dryers
- New Electrical
- New Roof
- Recently Rehabbed
EXECUTIVE SUMMARY
This classic midtown 4 plex has been recently rehabbed. The units are large 1 bedrooms with central heating and air. The property has been operated as a short term rental with Airbnb with average monthly rental or over 3000 per month per unit.
Drive by only. Please do not disturb residents.
Drive by only. Please do not disturb residents.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $1,049,993 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $262,498 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 4,306 SF |
| Cap Rate | 10.98% | Average Occupancy | 0% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | ||
| Zoning | RU-3 | ||
| Price | $1,049,993 CAD |
| Price Per Unit | $262,498 CAD |
| Sale Type | Investment |
| Cap Rate | 10.98% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Lot Size | 0.24 AC |
| Building Size | 4,306 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1925 |
| Zoning | RU-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Dining Room
SITE AMENITIES
- Controlled Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $4,324 CAD | 4,306 |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 02-0064-0-0016 | Total Assessment | $109,531 CAD (2025) |
| Land Assessment | $26,236 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $83,295 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02-0064-0-0016
Land Assessment
$26,236 CAD (2025)
Improvements Assessment
$83,295 CAD (2025)
Total Assessment
$109,531 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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196 N Auburndale St
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