Welcome to the Museum Lofts at 138 Huling Avenue in Memphis, Tennessee, a 68-unit apartment building comprising 65 one-bed/two-bath units and 3 two-bed/two-bath units.
With an average occupancy of 96%, the Museum Lofts are a stable investment asset that has well served the rental demand in the South Main neighborhood of Memphis since its delivery in 2020. Unit features include modern finishes throughout, such as granite countertops, stainless steel appliances, an island, and eat-in kitchen spaces, walk-in closets, and scenic patios. Community amenities include a fitness center, controlled key-fob access, bicycle storage, a tenant lounge, and storage space.
South Main is known as Memphis’s Historic Arts District and is described as a true neighborhood. Creative art galleries, local cafes, and beloved restaurants line the streets of South Main, contributing to the vibrant lifestyle outside of Downtown Memphis. The Memphis Area Transit Authority (MATA) operates the trolley and buses, and Amtrak serves Memphis Central Station. Memphis International Airport is about 12.5 miles south.?
5-mile demographics confirm a growing population of 129,816 residents with an average household income of about $70,000. Approximately 64% of households are renter-occupied, and 74% are one- and two-person occupied, signifying strong demand for small rental units in the immediate area.
Don’t miss the opportunity to acquire a stabilized, cash-flowing, well-maintained modern complex building with strong occupancy in the Memphis metro. Inquire today to learn more.