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1616 Monroe Ave
Memphis, TN 38104 Midtown Memphis

$895,000 USD

Apartments For Sale • 5,740 SF

Property Details

Property Type Apartments
Total Building Size 5,740 SF
Lot Size 0.18 AC
Building Class C
Year Built 1960
Cap Rate 6.84 %
Zoning RMH

30 Transit Score

80 Walk Score

                
                    Highlights
                
                                Midtown 8 units
                            
                                Fully Renovated
                            
                                Appliances including washer/dryers
                            
                                All 1 bedrooms

Financial Summary (Proforma)

Net Operating Income: $61,216 USD (2026)

Cap Rate:	6.84 %
Total Expenses:	$21,920 USD

Amenities

24 Hour Access
Air Conditioning
Tenant Controlled HVAC
Washer/Dryer
Washer/Dryer Hookup
Smoke Free
Trash Pickup - Curbside
Kitchen
Stainless Steel Appliances
Range
Walk-Up

Public Transportation

Commuter Rail	Drive	Walk	Distance
Central Station (Riverfront Loop - Memphis Area Transit Authority Trolley (MataTrolley))	7 min	-	3.6 mi
Airport	Drive	Walk	Distance
Memphis International	13 min	-	7.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes

Jeffrey Moore 901-277-0477 Crye-Leike Commercial

1616 Monroe Ave Memphis, TN 38104 Midtown Memphis