901-531-9939
138 Huling Ave, Memphis, TN for Sale
Apartments - FOR SALE
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138 Huling Ave
Memphis, TN 38103
South Main


HIGHLIGHTS

  • Located at 138 Huling Avenue, the Museum Lofts 68-unit apartment building is a modern, 2020-build with stylish finishes and large windows.
  • Across from the National Civil Rights Museum in the lively South Main district, within walking distance to restaurants, shops, and attractions.
  • Secure parking and convenient on-site amenities for residents continue to contribute to the asset’s strong renter demand in a prime urban location.
  • Close to Downtown Memphis jobs, the Medical District, and the University of Memphis (7 miles), attracting quality renters in the area.

OVERVIEW

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.

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
901-531-9939

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Kevin CasausLindy CommunitiesMore Info
901-531-9939

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