15 Barksdale StMemphis, TN 38104

Property Details for 15 Barksdale St

Year built

1930

Property size (Sq ft)

3,361 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a meticulously renovated three-unit apartment building in Memphis' thriving Midtown neighborhood. The property comprises two charming townhouse-style units, each boasting two bedrooms and one and a half bathrooms, and a separate, detached one-bedroom, one-bathroom unit. All units have undergone a complete transformation, featuring upgraded kitchens and bathrooms with granite countertops, modern cabinetry, and stainless steel appliances. Further enhancing the appeal, each unit includes a full-sized washer and dryer. Significant improvements extend beyond the interiors, encompassing a new roof, completely updated electrical and plumbing systems, and a new HVAC system for all three units. Sitting on an 8,494 square foot lot, this 3,361 square foot building, constructed in 1930, offers a compelling value-add investment opportunity with a current 100% occupancy rate, generating a NOI of $34,347 and a 7.32% cap rate. The asking price is $469,000, translating to $139.54 per square foot and $156,333.33 per unit. This property is a turnkey investment ready for immediate income generation. Drive-by viewing only; please do not disturb residents.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.137

Longitude

-89.9987

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].