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Hotel-Motel

AirBnB/Apartment Opportunity

1242 Peabody Ave, Memphis, TN 38104

Listing Price: $550,000

Cap Rate
9.09%
Number of Rooms
6
RevPAR
$80
Gross SF
4,427
Price/Room
$91,667
RRM
7.64
Price/Gross SF
$124.24
Year Built
1900

Investment Overview

This offering is a very handsome, historic building in a medical center area. Opportunity to create a bed and breakfast, apartment conversion or professional office.


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Investment Highlights

  • Gated Secure Parking
  • Extensive Updates and Renovations
  • Could Be Converted to Apartments, AirBNB or Professional Office
  • Beautiful Historic Home in Medical Center With Commercial Zoning
  • One-Bedroom Studio with Separate Entrance - $800 to $1000 Per Month Rental
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Exclusively Listed By

Hotel-Motel

AirBnB/Apartment Opportunity

1242 Peabody Ave, Memphis, TN 38104

View Listing Documents
Property Image
Property Image
Property Image
Property Image
Property Image
Property Image
Gallery View Map Street View

Listing Price: $550,000

Cap Rate
9.09%
Number of Rooms
6
RevPAR
$80
Gross SF
4,427
Price/Room
$91,667
RRM
7.64
Price/Gross SF
$124.24
Year Built
1900

Investment Highlights

  • Gated Secure Parking
  • Extensive Updates and Renovations
  • Could Be Converted to Apartments, AirBNB or Professional Office
  • Beautiful Historic Home in Medical Center With Commercial Zoning
  • One-Bedroom Studio with Separate Entrance - $800 to $1000 Per Month Rental

Investment Overview

This offering is a very handsome, historic building in a medical center area. Opportunity to create a bed and breakfast, apartment conversion or professional office.


Read More

Exclusively Listed By

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