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    712 5Th St Memphis, TN 38107

    Sponsored
    For Sale
    $499,500

    Renovated 5-unit apartment building, excellent investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This completely renovated five-unit apartment building presents a compelling investment opportunity in Memphis' vibrant Uptown neighborhood. Located at 712 N 5th St, Memphis, TN 38107, this property boasts a fresh and modern aesthetic thanks to extensive recent renovations. Each of the five units features two bedrooms and one bathroom, providing comfortable living spaces for tenants. The upgrades are comprehensive, encompassing new LVT flooring on the lower levels and carpeting upstairs. Luxury vinyl plank (LVP) flooring has also been installed in other areas. The electrical and plumbing systems have been entirely replaced, ensuring efficiency and reliability. All HVAC units are brand new, providing climate control comfort. A new roof and windows have been installed, enhancing energy efficiency and curb appeal. Interior finishes are equally impressive, with new millwork, cabinetry, and drywall throughout. This turnkey property is ready for immediate occupancy and offers strong potential for rental income. The property's prime location in Uptown Memphis adds to its desirability, offering convenient access to local amenities and attractions. This is an exceptional opportunity for investors seeking a well-maintained, updated multifamily property in a thriving urban setting. The asking price is $499,500.

    Property Features for 712 5Th St

    General Information

    Property type
    Multifamily properties

    HighLights

    • $499,500 asking price.
    • Multifamily apartment building.
    • Five‑unit property located at 712 N 5th St, Memphis, TN 38107.
    • Completely renovated with new LVT/carpet flooring, electrical, plumbing, HVAC, roof, windows, and millwork/cabinetry.
    • Two‑bedroom, one‑bathroom units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0400368
    Latitude
    35.1623838

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    FAQs

    What type of property is this?
    Multifamily property - Renovated 5-unit apartment building, excellent investment.
    Where is this multifamily property located?
    The property is located at 712 5Th St Memphis, TN.
    What is the asking price?
    The asking price for this property is $499,500.
    What are key features of this property?
    This property features: $499,500 asking price.; Multifamily apartment building.; Five-unit property located at 712 N 5th St, Memphis, TN 38107.
    Request Owner's contact information
    712 5Th St Memphis, TN 38107
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    Memphis, TN 38107
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    712 5Th St Memphis, TN 38107
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