Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Archived almost 5 years ago

$99,000

rooms 1 ba 3400 sqft

507 Looney, Memphis, TN 38105

Commercial Commercial Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

$700

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

5 Unit in Memphis - LOCATION LOCATION LOCATION

Message me for more details.

5 Unit for sale in Memphis, TN in the Uptown neighborhood of Memphis.
Asking: $99K
Rehab: $132K
ARV: $350K

Each unit is a 2/1 and the property needs a full rehab.

This unit is in the middle of a neighborhood that has been part of a revitalization project in the Uptown and Pinch District of Memphis. St. Jude Children's Research Hospital, is a few blocks away. St. Jude is rapidly expanding and is Fortune Magazine’s 100 Best Companies to work for, now for the ninth consecutive year and is the cornerstone for the $1.1 Billion Dollar Expansion.

Uptown Neighborhood Information: https://www.downtownmemphis.com/neighborhoods/uptown/

St. Jude “100 Best Companies to Work for:
https://www.stjude.org/media-resources/news-releases/2018-medicine-science-news/st-jude-named-to-fortune-magazine-100-best-companies-to-work-for-for-eighth-consecutive-year.html

$1.1 Billion Dollar Redevelopment:
https://www.commercialappeal.com/story/money/business/development/2019/11/13/memphis-development-pinch-district-tom-intrator-18-main/4180545002/

Location:

507 Looney, Memphis, TN 38105

Looking for an agent?
Start a rental property calculator report
Use the rental calculator to determine this property's potential profit.
Analyze this property

* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.