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Archived 11 months ago

$289,901

rooms 2 ba

1616 Winchester, Memphis, TN 38116

Commercial Commercial Occupied

Current Rent **

$2,554

Projected Rent **

$3,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Triple NNN Leased, Rare opportunity by Memphis Airport

Rare opportunity to own a free-standing building on Winchester Rd, private gated parking lot with a Four-car detached garage for your fleet. Zoned for retail, restaurant, office, wedding chapel, church, event center, airport parking, car sales, warehousing only minutes from Airport, and main road artery to North Mississippi. Over 20K daily traffic cars. Property is 2600+ SqFt, 2 offices, 2 bathrooms, currently being used as a funeral home, NNN lease, month to month contract. Se habla español.

901-676-6555 x35
www.901.Realtor

Location:

1616 Winchester, Memphis, TN 38116

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* 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.