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6020 Shelby Oaks Drive
Memphis, TN 38134
Asking Price
$2.00M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily Conversion Opportunity <p><strong style="color: rgba(33, 37, 41, 1)"> • Significant Discount to Replacement Cost - </strong><span style="color: rgba(33, 37, 41, 1)">Offered at $25,000 per proposed unit versus estimated New Construction costs of $175,000 - $195,000+/Unit</span></p><p><strong style="color: rgba(33, 37, 41, 1)">• Adaptive Reuse Economics - </strong><span style="color: rgba(33, 37, 41, 1)">Existing structure, elevator, parking and common area infrastructure may reduce development costs versus ground-up co
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NOI
$80,000
Cap Rate
4.00%
DSCR
0.67
Underwater
Cash-on-Cash
-6.46%
Monthly Payment
$9,894.909
Annual Cash Flow
$-38,738.905
