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196 N Auburndale St 4 Unit Apartment Building £567,201 (£141,800/Unit) 10.98% Net Initial Yield Memphis, TN 38112
INVESTMENT HIGHLIGHTS
- Wshers & Dryers
- New Electrical
- New Roof
- Recently Rehabbed
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 Airbnb with average monthly rental or 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 | ANNUAL PER sq ft |
|---|---|---|
| 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 | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
| Price | £567,201 | Apartment Style | Mid-Rise |
| Price Per Unit | £141,800 | Total Plot Size | 0.24 ac |
| Sale Type | Investment | Property Size | 4,306 sq ft |
| Yield | 10.98% | Average Occupancy | 0% |
| No. Units | 4 | No. Floors | 2 |
| Property Type | Build-to-Rent | Year Built | 1925 |
| Property Subtype | Apartment | ||
| Use Class | RU-3 | ||
| Price | £567,201 |
| Price Per Unit | £141,800 |
| Sale Type | Investment |
| Yield | 10.98% |
| No. Units | 4 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Total Plot Size | 0.24 ac |
| Property Size | 4,306 sq ft |
| Average Occupancy | 0% |
| No. Floors | 2 |
| Year Built | 1925 |
| Use Class | RU-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Dining Room
SITE AMENITIES
- Controlled Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 4 | £2,336 | 4,306 |
1 1
Walk Score®
Easily Walkable (78)
Bike Score®
Good for cycling (82)
PROPERTY TAXES
| Parcel Number | 02-0064-0-0016 | Total Assessment | £58,529 (2025) |
| Land Assessment | £14,019 (2025) | Annual Taxes | -£1 (£0.00/sq ft) |
| Improvements Assessment | £44,509 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02-0064-0-0016
Land Assessment
£14,019 (2025)
Improvements Assessment
£44,509 (2025)
Total Assessment
£58,529 (2025)
Annual Taxes
-£1 (£0.00/sq ft)
Tax Year
2024
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196 N Auburndale St
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