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592 Patterson St
Memphis, TN 38111
Southernwood · Multifamily Property For Sale
·
11 Units
Investment Highlights
- Near The University of Memphis
- Central Heating & Air
- Updated Kitchens & Baths
Executive Summary
This 12 unit multi family is located next to the University of Memphis. Great mix of units that include Studios, 1-br & 2-br.
Property Facts
| Price Per Unit | $129,949 CAD | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 8,981 SF |
| No. Units | 11 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Low-Rise | Parking Ratio | 1.93/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | RU-3 | ||
| Price Per Unit | $129,949 CAD |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 8,981 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.93/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RU-3 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,214 CAD | 785 |
| 2+1 | 5 | $1,214 CAD | 850 |
Property Taxes
| Parcel Number | 04-6024-0-0029 | Improvements Assessment | $181,358 CAD |
| Land Assessment | $17,847 CAD | Total Assessment | $199,205 CAD |
Property Taxes
Parcel Number
04-6024-0-0029
Land Assessment
$17,847 CAD
Improvements Assessment
$181,358 CAD
Total Assessment
$199,205 CAD
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