78 N Rembert St
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78 N Rembert St
4 Unit Apartment Building Offered at $1,410,383 CAD at a 6.55% Cap Rate in Memphis, TN 38104
Investment Highlights
- Open Floorplan
- Modern Kitchens with Granite Countertops
- Washers & Dryers
- Balconies
Executive Summary
This newer 4 plex consists of all large 2 bedroom and 2 bath units with lots of modern amenities, including washers and dryers and modern kitchens. The scheduled monthly income is 7290 per month. Drive by only not disturb. Please do not disturb residents.
Financial Summary (Actual - 2023) 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 - 2023) 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 | $1,410,383 CAD | Lot Size | 0.17 AC |
| Price Per Unit | $352,596 CAD | Building Size | 4,725 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.55% | No. Stories | 2 |
| Gross Rent Multiplier | 86 | Year Built | 2020 |
| No. Units | 4 | Parking Ratio | 0.85/1,000 SF |
| Property Type | Multifamily |
| Price | $1,410,383 CAD |
| Price Per Unit | $352,596 CAD |
| Sale Type | Investment |
| Cap Rate | 6.55% |
| Gross Rent Multiplier | 86 |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.17 AC |
| Building Size | 4,725 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2020 |
| Parking Ratio | 0.85/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Double Vanities
- Granite Countertops
- Stainless Steel Appliances
- Walk-In Closets
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $2,654 CAD | 1,200 |
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Walk Score ®
Very Walkable (85)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $393,449 CAD (2024) | |
| Land Assessment | $14,506 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $378,943 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$14,506 CAD (2024)
Improvements Assessment
$378,943 CAD (2024)
Total Assessment
$393,449 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
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78 N Rembert St
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