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3357 E Winchester Place - Cambridge Bow, Memphis, TN

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3357 E Winchester Place - Cambridge Bow

Memphis, TN 38116-3410 - Whitehaven MF Submarket

(2.6 MB)

Property Type:Multi-Family Number of Units:636 Status:Existing Year Built:1969
Stories:2 Building Size:463,000 SF Land Area:30.37 AC (1,322,917 SF)
For Sale Price:$9,999,999 Price/Unit:$15,723.27 Cap Rate:- GRM:-

Parking:2.59 Parking Spaces / 1,000 SF

The unit mix is estimated per management.

Sale Notes:
Cambridge Court features 636 one- and two- bedroom units on 30.37 acres. This property offers a great value-add opportunity for the seasoned renovation specialist! It is currently 86% vacant and allows the opportunity to start renovations today with little to no residents that have to be moved out or relocated! The owner will consider all cash offers on a first come first served basis!

Cambridge Court is located in the Whitehaven area of Memphis which is undergoing a slow but steady transformation into what may become the new gateway to Memphis. Located near Graceland, the home of the King of Rock & Roll-Elvis Pressley, the area is enjoying millions of dollars in new investment. Federal, State and local municipal sources are investing over $50 Million into the immediate area of Cambridge Court. The new Guest House Hotel and the new Elvis Present, Past and Future exhibits are the just the beginning as new businesses are now considering that area for investment. We have already seen numerous apartment renovations in the area and investors enjoying great returns. FedEx has it' s World Hub within a 10 minute drive to Cambridge Court as is the largest industrial employment sector of Memphis employing hundreds of thousands of area residents. The Memphis International airport is nearby and growing which will continue to pump more jobs in the local area economy.

Woodyard Realty Corporation
Steve A Woodyard
(901) 767-1998

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