1060 Merriwether Ave - Apartments FOR SALE


Memphis, TN 38105- Crosstown
$2,275,000 USD
901-273-6648
1060 Merriwether Ave, Memphis, TN for Sale
$2,275,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

1060 Merriwether Ave
Memphis, TN 38105
Crosstown


HIGHLIGHTS

  • Call listing agent Worth Woodyard for more information 901-767-1998
  • See our listing website for financials and other information
  • Visit the data room for access to OM

OVERVIEW

All newly renovated apartments right near the medical district! Fully gated property. Great turn key opportunity for an investor who wants to enter the Memphis market at an affordable price. Granite counter tops, new flooring, new kitchens, new bathrooms. Nothing left untouched! Some units have washer/dryer units.

FOR SALE DETAILS

PRICE

$2,275,000 USD

PRICE/SF

$61 USD /SF

# OF UNITS

39

PRICE/UNIT

$58,333

CAP RATE

Request Cap Rate

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Drew @ Medical District

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,238 SF

ZONING

RMM

APN/PARCEL ID

02-0089-0-0031C,02-0089-0-0033,02-0089-0-0034C

ASK ABOUT THIS PROPERTY

Worth WoodyardWoodyard Realty CorporationMore Info
901-273-6648

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Worth WoodyardWoodyard Realty CorporationMore Info
901-273-6648

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.