2295 Candlewyck Cir - Apartments FOR SALE


Memphis, TN 38114- Southeast Memphis
$4,500,000 USD
901-881-2070
2295 Candlewyck Cir, Memphis, TN for Sale
$4,500,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

2295 Candlewyck Cir
Memphis, TN 38114
Southeast Memphis


HIGHLIGHTS

  • Exceptional HIGH value-add opportunity with significant upside through lease-up, modernization, and operational improvements.

OVERVIEW

2271 Airways sits in one of Memphis’ highest-traffic commercial areas, surrounded by national retailers, logistics hubs, and steady neighborhood demand. The property is currently 25% occupied, giving incoming investors or owner-operators a rare chance to reposition the asset, stabilize rents, and capture significant upside. With flexible floor plans, strong visibility, and immediate access to major expressways this location is primed for lease-up, redevelopment, or a value-add strategy that turns underutilized space into long-term cash flow.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$30 USD /SF

# OF UNITS

178

PRICE/UNIT

$25,281

CAP RATE

Request Cap Rate

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crane Manor

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

300

LAND DETAILS

LAND ACRES

8.7 AC

LAND SF

378,972 SF

ZONING

RMM

APN/PARCEL ID

06-0092-0-0020C

ASK ABOUT THIS PROPERTY

Jackie BradenBraden Braden & Braden LLCMore Info
901-881-2070

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Jackie BradenBraden Braden & Braden LLCMore Info
901-881-2070

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