1695 Ontario Ave - Apartments FOR SALE


Memphis, TN 38127- Frayser
$1,795,000 USD
901-881-2070
1695 Ontario Ave, Memphis, TN for Sale
$1,795,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

1695 Ontario Ave
Memphis, TN 38127
Frayser


OVERVIEW

This completely renovated 25-unit apartment complex has undergone comprehensive upgrades. All renovations were executed to high standards with exceptional attention to detail. Improvements include new roofing, luxury vinyl plank flooring, updated electrical panels, upgraded water and sewer lines, and energy-efficient windows. Onsite laundry facilities are available to enhance tenant convenience. The property is situated near several modern developments, including a newly completed 30,000-square-foot community center, an advanced library currently under construction, and a new high school — the first of its kind in fifty years. The area also features numerous recently restored and newly constructed residential homes and apartments. Located just 10 minutes from downtown Memphis and the Nike and Amazon fulfillment centers.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$121 USD /SF

# OF UNITS

25

PRICE/UNIT

$71,800

CAP RATE

Request Cap Rate

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Idlewood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,938 SF

ZONING

CL

APN/PARCEL ID

07-0088-0-0018

ASK ABOUT THIS PROPERTY

John CornesBraden Braden & Braden LLCMore Info
901-881-2070

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John CornesBraden Braden & Braden LLCMore Info
901-881-2070

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