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6 Unit Apartment - Memphis, TN 784 Porter St 6 Unit Apartment Building $340,077 CAD ($56,680 CAD/Unit) 7.44% Cap Rate Memphis, TN 38126
Investment Highlights
- Property is 3,200 SF, consisting of 6 units across 2 stories, and is a Class C construction/condition.
- All units are 1 bed / 1 bath, with an average of approximately 533 SF each.
- With 4 vacant units, this provides a significant opportunity for value-add investors.
- Offered below replacement cost.
- Recently renovated in 2023.
- Once stabilized, this could be a reliable cash-flowing asset with MHA (Memphis Housing Authority) backing.
Executive Summary
Sands Investment Group is pleased to offer for sale a 3,200 SF, 6-unit apartment building at 784 Porter St in Memphis, TN. Each unit is 1 bedroom and 1 bathroom, averaging 533 SF. With 4 vacant units, this property is a great opportunity for value-add investors.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
Property Facts
Amenities
Unit Amenities
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
Property Taxes
| Parcel Number | 01-1038-0-0011 | Improvements Assessment | $42,093 CAD |
| Land Assessment | $7,892 CAD | Total Assessment | $49,985 CAD |
Property Taxes
Parcel Number
01-1038-0-0011
Land Assessment
$7,892 CAD
Improvements Assessment
$42,093 CAD
Total Assessment
$49,985 CAD
Contacts
-
Johnny Friberg -
Jess Kappelman -
Thomas Gorman -
Sands Investment Group Atlanta, LLC
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6 Unit Apartment - Memphis, TN | 784 Porter St
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