20-24 N Belvedere Blvd - Apartments FOR SALE


Memphis, TN 38104- Midtown Memphis
$1,395,000 USD
901-767-1998
20-24 N Belvedere Blvd, Memphis, TN for Sale
$1,395,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

20-24 N Belvedere Blvd
Memphis, TN 38104
Midtown Memphis


OVERVIEW

Updated 12-Unit Multifamily in Prime Medical Corridor Location Located in the heart of Midtown Memphis, 20–24 N Belvedere Blvd presents a compelling investment opportunity in one of the city’s most dynamic rental corridors. This fully updated 12-unit property features a mix of studio, one-bedroom, and two-bedroom units, offering flexibility and appeal to a wide range of renters. The property has recently operated as a successful short-term rental, capitalizing on its proximity to Memphis’ booming healthcare sector. The area is home to over 30,000 medical jobs, with major institutional investments underway—St. Jude Children's Research Hospital is investing $13 billion into campus expansion, creating 3,000 new jobs over the next several years, while Regional One Health has announced a $1 billion redevelopment of its medical center. This momentum makes the Belvedere property ideally positioned to serve the growing demand for both short- and long-term housing in the area. Modern upgrades, a walkable neighborhood setting, and access to major employment centers make this a turnkey asset with strong current income and long-term growth potential. Highlights: 12 fully updated units (studio, 1BR, and 2BR layouts) Proven short-term rental performance Located near major employers including St. Jude and Regional One Adjacent to over 30,000 healthcare jobs and two multi-billion-dollar expansions Strong long-term or short-term rental potential Walkable Midtown location near Overton Park, restaurants, and retail

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$245 USD /SF

# OF UNITS

12

PRICE/UNIT

$116,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R-4

APN/PARCEL ID

01-7043-0-0036,01-7043-0-0037,017-043- - -00037

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.