4390 Kamali CtMemphis, TN 38128

Property Details for 4390 Kamali Ct

Year built

1960

Construction

FRAME

Lot size

0.99 AC

Property size (Sq ft)

10,912 SF

Zone code

CMU-3

Property type

Residential income properties

Property subtype

Garden apartment buildings

APN

088-007- - -00020-C

APU

08800700020C

Description

This exceptional value-add investment opportunity presents a 21-unit apartment building located at 4390 Kamali Court, Memphis, Tennessee, 38128. The property, built in 1960, consists of three two-story buildings, offering a total of 21 townhome-style units. Each unit features two bedrooms and one and a half bathrooms, with a unique layout including one full bath upstairs and a half bath downstairs. Individual unit meters for utilities, central heating and air conditioning, and washer/dryer hookups are standard. Importantly, each unit also includes an emergency shut-off valve. Currently, the property boasts 14% occupancy, with three tenants holding month-to-month leases. A significant portion of the property requires complete renovation

• CAP approach

  CAP return

  Valuation

  6%

  $1,949,585

  6.5%

  $1,799,617

  7%

  $1,671,073

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,318,584

  Geo Method

  $1,318,584

• Alternative Use

  Use

  Valuation

  Residential

  $1,799,617

  Hospitality

  $1,648,440

  Educational

  $1,371,482

  Medical

  $1,418,650

  Retail

  $2,133,417

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.2028

Longitude

-89.9171

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].