986 Peabody Ave - Apartments FOR SALE


Memphis, TN 38104- Medical District
$515,200 USD
901-881-2070
986 Peabody Ave, Memphis, TN for Sale
$515,200 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

986 Peabody Ave
Memphis, TN 38104
Medical District


HIGHLIGHTS

  • Great value Add Opportunity

OVERVIEW

Exclusive Investment Opportunity: 986 Peabody & 347 Pauline Package Deal Take advantage of this rare opportunity to acquire two well-maintained multifamily properties as a package deal. 986 Peabody and 347 Pauline offer a total of 15 units spread across two prime locations, providing significant potential for strong cash flow and long-term growth. With a combined total purchase price of $966,000, this package is an exceptional value for investors looking to expand their portfolio in a sought-after area. 986 Peabody: A well-positioned property with 8 units. 347 Pauline: A 7-unit complex. Together, these properties provide a diverse mix of unit types and an attractive total capitalization rate. Whether you are looking for a solid investment opportunity, looking to add value through property management, or simply expanding your portfolio, this package is one to consider.

FOR SALE DETAILS

PRICE

$515,200 USD

PRICE/SF

$72 USD /SF

# OF UNITS

8

PRICE/UNIT

$64,400

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

RMM

APN/PARCEL ID

01-8024-0-0004

ASK ABOUT THIS PROPERTY

Curtis Braden, CCIMBraden, Braden & Braden LLCMore Info
901-881-2070

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Curtis Braden, CCIMBraden, Braden & Braden LLCMore Info
901-881-2070

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.