It’s Here: Beginner-Friendly Multi-Family in Memphis

The Ark7 team is excited to announce another step forward toward democratizing real estate investing. Today, we just added a new and exciting investment property in Memphis, Tennessee. Learn more about these multi-family apartment buildings.

Why Memphis?

Memphis is the second-largest city in Tennessee and is a cultural hub of blues music and charming small businesses. It also is a hub for larger companies like FedEx and AutoZone. According to Zillow, home values in Memphis have increased in the last five years by 68.5%.

What makes the property so unique

Duplex Quality & Capacity

The new Memphis property has 7 duplexes consisting of 14 units recently renovated in 2021. All units have a backyard and a patio that allow each tenant the best access to amenities. Twelve of the units are occupied now and have immediate cash flow. The roof, plumbing and electrical are fully up-to-date in 2018. 

Location, Location, Location

Located in the designated opportunity zone, close to Memphis’ Downtown area and within walking distance to the Medical District, this property is also close to major employers in the area, such as FedEx, Kroger, Nike, and the University of Memphis. Additionally, Tennessee is one of the few states with no income tax, making it appealing to movers and investors. Not to mention, according to Norada Real Estate Investments, 54.5% of individuals in the Memphis area are renters rather than buyers, making this property perfectly suited for its surroundings. Many of these renters bring their own appliances, contributing to lower maintenance and repair costs, and ultimately a higher return for investors.

High Return Rate

The Memphis property has an estimated cash distribution of 7.03% and an estimated total return of 15.83% including appreciation. One of the contributing factors to the property’s high return rate is its low property tax. Find out more information by viewing the property website here. Additionally, this property is approved to be a historical site, which can qualify it for future rehab construction tax benefits. 

Value-Add Opportunities

The property is over 1 acre and has the potential to host up to 14 more units on the property.

 This property has limited market capacity. Property shares are now set at $199/share.

 Our current Seed/A1 Users will have early access to purchasing shares on November 2 at 10:00 am PST, before the public launch on November 5 at 10:00 am PST
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