Multifamily Property
For Sale
$400,000
2436 Charjean Cv, Memphis, TN 38114
Included with three additional multifamily properties and reported at 75% occupancy.
Property Size1,620 SF
Price / SF$246.91
Days on Market35
Property Features for 2436 Charjean Cv
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Multi-Family
Occupancy
75%
Building Details
Year Built
1964
Buildings
4
Listing Agency:
Crye-Leike, Inc., Realtors
Listed By:
John Quinn · License #3298267
(901) 591-8100
Source:
Johnquinnrealestate
Added: Sep 4
Changed: Oct 7
Last Checked: Oct 7 at 11:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crye-Leike, Inc., Realtors
Investment Insights
Based on property information with market context.
This multifamily property at 2436 Charjean Cv. was built in 1964 and is offered as part of a four-property package. The package also includes 2412 Charjean Cv., 2428 Charjean Cv., and 2440 Charjean Cv. Reported occupancy across the offering is 75%. Tenant privacy is requested, with access available only after an accepted contract.
Key Highlights
- Part of a four‑property package
- Reported occupancy of 75%
- Built in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,096
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,920
$241.9K
Cap Rate 7%
$172,800
$172.8K
Cap Rate 9%
$134,400
$134.4K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$23.5K $14.52/SF
− Vacancy
−$1.5K −$0.94/SF
EGI
$22.0K $13.58/SF
− OpEx
−$9.9K −$6.11/SF
NOI
$12.1K $7.47/SF
Area
Memphis, TN
Vacancy
6.50%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,920
Cap Rate 7%
$172,800
Cap Rate 9%
$134,400
Alternative Uses
Best Use
Apartment 5plus
$172.8K
$151.2K – $201.6K
NOI $12,096 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.8K
$418.9K – $558.6K
NOI $33,515 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 38114, TN
23,559
Population
12,252
Households
1.9
Avg Household Size
38
Median Age
14%
College-Educated
82%
High-School Grad
7.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$32,080
Median Household Income
$28,570
Median Earnings
$897
Median Rent
$79,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Included with three additional multifamily properties and reported at 75% occupancy.
Where is this multifamily property located?
The property is located at 2436 Charjean Cv Memphis, TN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Part of a four‑property package; Reported occupancy of 75%; Built in 1964
