196 N Auburndale St
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196 N Auburndale St
4 Unit Apartment Building $1,140,086 CAD ($285,021 CAD/Unit) 16.54% Cap Rate Memphis, TN 38112
Investment Highlights
- Classic 4 Plex
- Recently Rehabbed
- New Electrical
- Booming Midtown Memphis
- New Roof
- Short Term Rental thru Air B & B
Executive Summary
This classic midtown 4 plex has been recently rehabbed. The units are large 1 bedrooms with central heating and air. The property has been operated as a short term rental with Air B & B. Monthly rentals have averaged over 3000 per month per unit.
Drive by only. Please do not disturb residents
Drive by only. Please do not disturb residents
Financial Summary (Actual - 2024) 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 - 2024) 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 | $1,140,086 CAD | Property Subtype | Apartment |
| Price Per Unit | $285,021 CAD | Apartment Style | Mid Rise |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 16.54% | Building Size | 4,306 SF |
| Gross Rent Multiplier | 5 | Average Occupancy | 0% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2024 |
| Price | $1,140,086 CAD |
| Price Per Unit | $285,021 CAD |
| Sale Type | Investment |
| Cap Rate | 16.54% |
| Gross Rent Multiplier | 5 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Lot Size | 0.24 AC |
| Building Size | 4,306 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1925/2024 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 4,306 |
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Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 02-0064-0-0016 | Total Assessment | $103,496 CAD |
| Land Assessment | $22,654 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $80,842 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02-0064-0-0016
Land Assessment
$22,654 CAD
Improvements Assessment
$80,842 CAD
Total Assessment
$103,496 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | RU-3 |
| RU-3 |
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196 N Auburndale St
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