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Executive Summary

Investment Opportunity in Midtown Memphis! Seller is selling 19 individual units (42 total bedrooms & 19 bathrooms). Properties are professionally managed and seller is interested in a bulk sale buyer to buy all 19 doors. Monthly current rent is $17,410 per monthly and each individual unit has a $160 per monthly HOA fee. There are five 3 bedroom units, thirteen 2 bedroom units, and 1 one bedroom unit at the properties. Units have been well maintained and only one unit is vacant as of April 2026. Seller continues to upgrade & repair existing inventory as needed. Three bedroom units are renting for as much as $1325 monthly and two bedrooms are renting for as much as $1200 monthly. This could be a great addition to your rental portfolio. Existing management company is in place and will gladly continue to manage. Units include parking and washer/dryer connections on site. ONLINE VIDEO AVAILABLE UPON REQUEST.

1 Unit Available

Unit 103

Unit Size 880 SF
Price $2,139,128 CAD
Price Per SF $2,430.83 CAD
Condo Use Flex
Sale Type Investment
Description

MULTI PROPERTY SALE. Please see attached exhibit for complete list of properties.

Sale Notes

MULTI PROPERTY SALE. Please see attached exhibit for complete list of properties.

Property Facts

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 880 SF
Property Type Multifamily (Condo)
Floors 2
Typical Floor Size 440 SF
Year Built 1963

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 - 615
2+1 13 - 946
3+1 5 - 872
Very walkable
80/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
  • Listing ID: 40215733

  • Date on Market: 2026-04-20

  • Last Updated:

  • Address: 45 N Belvedere Blvd, Memphis, TN 38104

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