The Midtowner 199 S McLean Blvd 20 Unit Apartment Building $3,123,400 CAD ($156,170 CAD/Unit) Memphis, TN 38104

The Midtowner presents a rare value-add opportunity in one of the city’s most dynamic and rapidly growing locations. Following a period of leasing challenges not entirely related to market conditions, new professional management is now in place and eager to remain, providing stability and immediate operational upside.
The adjacent property, The Citizen Apartments, recently sold for $41,500,000, further underscoring the strength of the submarket. Nearby new construction and renovated assets are achieving top-of-market rents, signaling strong upside potential for repositioning.
Ideally positioned in the center of over $14 billion in planned medical development, the property stands to benefit from thousands of new jobs and sustained demand growth. Additionally, it sits within Midtown’s vibrant entertainment district, offering residents unmatched access to dining, nightlife, and cultural amenities.
National retailers like Starbucks and Walgreens directly across the street reinforce the strength and desirability of this location.
The Midtowner combines proven location fundamentals with clear operational upside, making it an exceptional opportunity for investors seeking growth in a high-demand urban corridor.