1744 N Graham St - Apartments FOR SALE


Memphis, TN 38108- Berclair
$1,300,000 USD
901-550-9255
1744 N Graham St, Memphis, TN for Sale
$1,300,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1744 N Graham St
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 asset located in the heart of Berclair, one of Memphis’s most active and steadily improving submarkets. The property consists of 20 two-bedroom units and 2 one-bedroom units and is currently operating at 95% occupancy, offering a stable, in-place cash flowing investment. Extensive renovations have already been completed, including updated plumbing, new appliances, exterior improvements, roofing enhancements, and upgraded window units, significantly reducing near-term capital expenditure needs. With the majority of the heavy lifting done, this presents a rare opportunity to acquire a stabilized asset without the operational burden typically associated with value-add deals. The property still offers meaningful rent upside through continued optimization and market alignment, allowing an investor to benefit from both strong current cash flow and future growth. Strategically located near I-40, Poplar Avenue, and the University of Memphis, the asset benefits from consistent rental demand driven by affordability and central access. Please reach out to Dylan Patel at (901) 826-8712 for further information.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

22

PRICE/UNIT

$59,091

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

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

Nash HassenGrand Point RealtyMore Info
901-550-9255

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