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Museum Lofts 138 Huling Ave 68 Unit Apartment Building For Sale Memphis, TN 38103
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Investment Highlights
- Modern construction with upscale finishes - 10 foot ceilings, large windows, luxury vinyl plank flooring, porcelain tile, and urban design elements.
- Highly walkable setting near downtown Memphis, offering easy access to local attractions and amenities.
- Secure Podium Parking
- Below-market rents present a strong mark-to-market opportunity for investors or tenants.
- Prime South Main location, combining visibility, accessibility, and neighborhood appeal.
Executive Summary
Museum Lofts is newly delivered 68-unit luxury community in Memphis’ thriving Downtown Central Business District with a prime address across from the National Civil Rights Museum. Of great appeal to today’s urban renter, Museum Lofts features cutting-edge contemporary residences with sleek finishes, well-designed features, secure podium parking and a popular amenities package in close proximity to Downtown’s employment base of 69,000 jobs, as well as over 20,000 jobs in the Medical District.
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Property Facts
| Sale Type | Investment | Lot Size | 0.60 AC |
| No. Units | 68 | Building Size | 76,445 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2020 |
| Building Class | B | ||
| Zoning | SM - Special Mixed Use | ||
| Sale Type | Investment |
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.60 AC |
| Building Size | 76,445 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 2020 |
| Zoning | SM - Special Mixed Use |
Amenities
Unit Amenities
- Cable Ready
- Washer/Dryer
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Fitness Center
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 65 | - | 482 - 830 |
| 2+2 | 3 | - | 1,263 |
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Numbers | Improvements Assessment | $16,259,237 CAD | |
| Land Assessment | $456,108 CAD | Total Assessment | $16,715,345 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$456,108 CAD
Improvements Assessment
$16,259,237 CAD
Total Assessment
$16,715,345 CAD
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Museum Lofts | 138 Huling Ave
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