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23 S McLean Blvd 16 Unit Apartment Building $2,256,424 CAD ($141,027 CAD/Unit) Memphis, TN 38104
Investment Highlights
- Heart of Midtown Memphis
- Washers & Dryers
- Central Heating & Air
- Updated Kitchens & Baths
- Hardwood Floors
Executive Summary
This charming 16 unit building is located near the heart of Midtown and on one of the more active visible streets in the area.. The units include studios , 1 bedrooms and 2 bedrooms. The scheduled monthly income is 16575. This building may be acquired individually , but it must close concurrently with the 16 unit building at 31 S. Mclean.
Financial Summary (Pro Forma - 2026) 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 (Pro Forma - 2026) 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
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | $1,132 CAD | 500 |
| 1+1 | 9 | $1,432 CAD | 600 - 700 |
| 2+1 | 4 | $1,727 CAD | 800 |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (73)
Property Taxes
| Parcel Number | 01-7047-0-0005 | Total Assessment | $518,458 CAD (2025) |
| Land Assessment | $97,149 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $421,309 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
01-7047-0-0005
Land Assessment
$97,149 CAD (2025)
Improvements Assessment
$421,309 CAD (2025)
Total Assessment
$518,458 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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23 S McLean Blvd
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