1744 N Graham Rd - Apartments FOR SALE


Memphis, TN 38108- Berclair
$1,499,000 USD
901-550-9255
1744 N Graham Rd, Memphis, TN for Sale
$1,499,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1744 N Graham Rd
Memphis, TN 38108
Berclair


HIGHLIGHTS

  • Substaintial recent renovations
  • Turn-Key
  • Active and evolving neighborhood
  • Occupancy steadily rising as all units are now fully renovated

OVERVIEW

1744 N Graham is a 22-unit multifamily property in the heart of Berclair, one of Memphis’s most active and evolving neighborhoods. The property consists of 20 two-bedroom units and 2 one-bedroom units, with current occupancy at 80% and rising quickly as renovated units are leased. The seller has made significant capital improvements including updated plumbing, new appliances, fresh exterior paint, roofing enhancements, and upgraded window HVAC units. The parking lot is currently being sealed and striped, further boosting curb appeal. Located just minutes from I-40, Poplar Avenue, and the University of Memphis, this property offers strong rental demand in a neighborhood known for its affordability and central access. With much of the heavy lifting complete, 1744 N Graham is well-positioned for continued lease-up and long-term cash flow. Please reach out to Dylan Patel at (901) 826-8712 for further information!

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

22

PRICE/UNIT

$68,136

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Graham Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

C

APN/PARCEL ID

06-2048-0-0001C

ASK ABOUT THIS PROPERTY

Nash HassenGrand Point RealtyMore Info
901-550-9255

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Nash HassenGrand Point RealtyMore Info
901-550-9255

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