2024 Jefferson Ave - Apartments FOR SALE


Memphis, TN 38104- Midtown Memphis
$3,750,000 USD
901-767-1998
2024 Jefferson Ave, Memphis, TN for Sale
$3,750,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

2024 Jefferson Ave
Memphis, TN 38104
Midtown Memphis


OVERVIEW

VILLAGE SQUARE Apartments features 16 two-story garden style buildings with 61 studio and one-bedroom units. Ideally situated in the heart of Midtown, the property is within walking distance of the vibrant Overton Square, home to Memphis Ballet, Theater Memphis, and a diverse array of restaurants and live music venues. Residents also enjoy easy access to Overton Park, offering golf, scenic walking trails, and concerts at the historic Overton Park Shell. Beyond its prime location for entertainment and recreation, Village Square is strategically positioned near major employment hubs, with over 112,000 white-collar jobs in the vicinity. The property is also close to key retailers such as Kroger, Home Depot, CVS, and Walgreens. Additionally, it lies just minutes west of more than $14 billion in hospital expansions, including groundbreaking projects at St. Jude Children’s Research Hospital and Regional One, which are set to create thousands of new jobs and further enhance the area’s economic growth. See executive summary and offering memorandum in document portal for information on building updates.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

61

PRICE/UNIT

$61,475

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Village Square Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

R-MM

APN/PARCEL ID

01-7060-0-0022

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 Notice.