Log In/Sign Up
Your email has been sent.
Rare East Memphis Multifamily Portfolio 2 Multifamily Properties Offered at $23,433,465 CAD in Memphis, TN
Investment Highlights
- Sold ONLY as a portfolio
- Call listing agent Steve Woodyard at 901-767-1998 for more information
- Visit our listing pages for more pictures and virtual tours
Executive Summary
The combination of these locations and spacious apartments spell
opportunity to maximize the rents. The average rents are well below
the current market rents because the residents are not moving out as
some, per the manager, have been there 10-15 years!
Modest improvements like painted cabinets with new modern pull fixtures,
counter tops and kitchen backsplashes and vanity updates as units
turnover will help to obtain the market rents. Most units have hard
surface flooring and nice walk-in closets.
Located in two of Memphis' sought-after areas - High Point (High Point)
and White Station(Mendenhall Gardens). Residents move to these areas
to get the best public schools in the city and both are just half a mile or so
from the Green Line and conveniently located near the University of Memphis
and both the east Memphis business center and all the benefits that
come with Midtown Memphis!
Community Features: controlled access at Mendenhall Gardens,
laundry facilities, resort-style pool, minutes from bus stop!
opportunity to maximize the rents. The average rents are well below
the current market rents because the residents are not moving out as
some, per the manager, have been there 10-15 years!
Modest improvements like painted cabinets with new modern pull fixtures,
counter tops and kitchen backsplashes and vanity updates as units
turnover will help to obtain the market rents. Most units have hard
surface flooring and nice walk-in closets.
Located in two of Memphis' sought-after areas - High Point (High Point)
and White Station(Mendenhall Gardens). Residents move to these areas
to get the best public schools in the city and both are just half a mile or so
from the Green Line and conveniently located near the University of Memphis
and both the east Memphis business center and all the benefits that
come with Midtown Memphis!
Community Features: controlled access at Mendenhall Gardens,
laundry facilities, resort-style pool, minutes from bus stop!
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $23,433,465 CAD | Number of Properties | 2 |
| Price / SF | $115.88 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 202,220 SF |
| Status | Active | Total Land Area | 9.85 AC |
| Price | $23,433,465 CAD |
| Price / SF | $115.88 CAD / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 202,220 SF |
| Total Land Area | 9.85 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Mendenhall Gardens Apartments
543 N Mendenhall Rd, Memphis, TN 38117 |
Multifamily | 135,320 SF | 1962 | - |
|
High Point
491 N Highland St, Memphis, TN 38122 |
Multifamily | 66,900 SF | 1964 | - |
1 1
1 of 34
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Rare East Memphis Multifamily Portfolio
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.