1775 Madison Ave presents a rare opportunity to acquire a 16-unit multifamily property located in the highly desirable Midtown submarket of Memphis, Tennessee. Positioned on one of the city’s most traveled and walkable corridors, this asset combines strong in-place cash flow with significant upside potential through interior renovations and rent growth. The property consists of sixteen 1-bedroom / 1-bathroom units, catering to the area’s growing demand for well-located, affordable urban living. With a List Price of $2,500,000, a Net Operating Income (NOI) of $104,256.88, and an in-place cap rate of 4.0%, this asset offers both immediate yield and long-term appreciation potential in one of Memphis’s most dynamic neighborhoods. Investment Highlights Unit Mix: 16 Units | 1-Bedroom / 1-Bathroom Asking Price: $2,500,000 NOI: $104,256.88 Cap Rate: 4.0% Location: Prime Midtown Memphis – highly walkable, high visibility on Madison Avenue Value-add opportunity through interior upgrades and rent growth Proximity to employment centers, universities, hospitals, retail, and entertainment Excellent access to public transit and major thoroughfares Strong renter demand and stable occupancy