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957 S Wellington St
Memphis, TN 38126
Asking Price
$589K
Cap Rate
11%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Spacious 2-Bedrrom Units. New Roof, Electrical, Windows & Flooring. <p>This fully renovated 6-unit multifamily property is located just minutes south of Downtown Memphis.</p><p>Each unit is a spacious 2-bedroom, appealing to a strong and stable tenant base.</p><p>Recent upgrades include a new roof, electrical, plumbing, windows, and flooring.</p><p>The property generates $5,400 in scheduled monthly rental income.</p><p>A turnkey asset offering immediate cash flow with upside in a growing submarket.</p>
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NOI
$80,000
Cap Rate
13.58%
DSCR
2.29
Strong
Cash-on-Cash
25.48%
Monthly Payment
$2,914.051
Annual Cash Flow
$45,031.392
