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2375 Forrest Ave 4 Unit Apartment Building $959,353 CAD ($239,838 CAD/Unit) Memphis, TN 38112
INVESTMENT HIGHLIGHTS
- Wahers & Dryers
- Totally Renovated
- Near Overton Park
EXECUTIVE SUMMARY
2375 Forrest Avenue is a fully renovated, turnkey multifamily property located in Midtown Memphis just minutes from Overton Park. The property features well-appointed one-bedroom units with central heating and air, in-units washers and dryers, and modern finishes throughout. Currently operating 100% as a successful Airbnb short-term rentals, the property offers strong in-place income and consistent demand from travelers, medical professionals, and visiting executives. All furniture and appliances convey with the sale, making 2375 Forrest a true turnkey investment opportunity in one of Memphis' most desirable and walkable neighborhoods.
FINANCIAL SUMMARY (ACTUAL - 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 |
$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 - 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 | $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 | $959,353 CAD | Building Class | C |
| Price Per Unit | $239,838 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 4,075 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | ||
| Zoning | R-MM | ||
| Price | $959,353 CAD |
| Price Per Unit | $239,838 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,075 SF |
| No. Stories | 2 |
| Year Built | 1922 |
| Zoning | R-MM |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $2,929 CAD | 18,519 |
1 1
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 03-3001-0-0042 | Total Assessment | $107,964 CAD |
| Land Assessment | $19,023 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $88,941 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
03-3001-0-0042
Land Assessment
$19,023 CAD
Improvements Assessment
$88,941 CAD
Total Assessment
$107,964 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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2375 Forrest Ave
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