1531 Poplar Ave - Apartments FOR SALE


Memphis, TN 38104- Midtown Memphis
$3,750,000 USD
901-767-1998
1531 Poplar Ave, Memphis, TN for Sale
$3,750,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

1531 Poplar Ave
Memphis, TN 38104
Midtown Memphis


OVERVIEW

The Tuscany Apartments features historically cool two-story garden-style buildings with 42 one- and two-bedroom units, with classic 1930’s architecture. Ideally situated in the heart of Midtown, the properties are in the vibrant area near Overton Square, home to Memphis Ballet, Theater Memphis, and a diverse array of restaurants and live music venues. Residents also enjoy easy access to Overton Park, offering golf, scenic walking trails, and concerts at the historic Overton Park Shell. Beyond its prime location for entertainment and recreation, The Tuscany is strategically positioned near major employment hubs, with over 112,000 white-collar jobs in the vicinity. The property is also close to key retailers such as Kroger, Home Depot, CVS, and Walgreens. Additionally, it lies just minutes west of more than $14 billion in hospital expansions, including groundbreaking projects at St. Jude Children’s Research Hospital and Regional One Health, which are set to create thousands of new jobs and further enhance the area’s economic growth.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$90 USD /SF

# OF UNITS

42

PRICE/UNIT

$89,286

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Tuscany

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1936

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

RMM(HC)

APN/PARCEL ID

01-7033-0-0002

ASK ABOUT THIS PROPERTY

Steve WoodyardWoodyard Realty CorporationMore Info
901-767-1998

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Steve WoodyardWoodyard Realty CorporationMore Info
901-767-1998

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