505-207-0734
138 Huling Ave, Memphis, TN for Sale
Apartments - FOR SALE
1/26
null | Request Cap Rate

138 Huling Ave
Memphis, TN 38103
South Main


HIGHLIGHTS

  • Museum Lofts offer modern construction with 10-foot ceilings, large windows, luxury vinyl plank flooring, porcelain tile, and urban design elements.
  • Investment appeal is enhanced by a transferable PILOT abatement and assumable 2.94% fixed rate, interest-only debt through October 2031.
  • Tenant amenities include secured podium parking, security cameras, exterior lighting, a glass-front fitness center, and a landscaped courtyard.
  • Excellent walkability to dining, entertainment, and cultural venues, including the Orpheum Theater and Tom Lee Park along the Mississippi River.

OVERVIEW

Museum Lofts is a newly delivered 68-unit luxury apartment community in the heart of Downtown Memphis' South Main Art District, directly across from the National Civil Rights Museum. 138 Huling Avenue offers loft-style studio, one-, and two-bedroom residences with 10-foot ceilings, oversized windows, luxury vinyl plank flooring, porcelain tile, and modern finishes. Interiors feature dark wood cabinetry, granite countertops, subway tile backsplashes, sleek black appliances, an in-unit washer and dryer, and Wi-Fi access. Amenities include secured podium parking, exterior lighting and security cameras, a lobby and leasing office, a glass-front fitness center, and a landscaped courtyard. Situated in the heart of Downtown Memphis, it allows for easy access to dining, entertainment, and cultural venues, including the Orpheum Theater and Tom Lee Park along the Mississippi River. Proximity to Downtown Memphis' Central Business District and Medical District provides access to approximately 90,000 nearby jobs. Museum Lofts benefits from strong renter demand. Memphis' economy is anchored by global logistics, healthcare, manufacturing, and growing tech investment. Home to FedEx's headquarters and World Hub, Memphis remains a critical distribution center supported by extensive rail, highway, and river infrastructure. Both St. Jude Children's Research Hospital and Regional One Health are undergoing multibillion-dollar expansions to upgrade facilities and expand reach, all while fueling job growth and housing demand. Museum Lofts sits in one of Memphis's most sought-after urban neighborhoods, offering steady, low-maintenance operations alongside desirable tenant amenities, a transferable PILOT (Payment-In-Lieu-of-Tax) abatement, and assumable, 2.94% fixed-rate, interest-only debt through October 2031. Collectively, these strengths present Museum Lofts as a compelling, well-located, long-term investment opportunity.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

68

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Museum Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,079 SF

ZONING

SM

APN/PARCEL ID

00-2119-0-0003,00-2119-0-0004

ASK ABOUT THIS PROPERTY

Kevin CasausLindy CommunitiesMore Info
505-207-0734

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

Kevin CasausLindy CommunitiesMore Info
505-207-0734

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