261 Keel Ave - Apartments FOR SALE


Memphis, TN 38107- Uptown Memphis
$792,000 USD
901-277-0477
261 Keel Ave, Memphis, TN for Sale
$792,000 USD
Apartments - FOR SALE
1/15
null | 8.97% Cap Rate

261 Keel Ave
Memphis, TN 38107
Uptown Memphis


HIGHLIGHTS

  • All 2-bedroom Units
  • Close to St. Jude Hospital
  • Washers & Dryers

OVERVIEW

261 Keel is an 8-unit multifamily property featuring all 2-bedroom units. Each unit includes central heat and essential appliances: stove, refrigerator, washer, and dryer. Located just north of St. Jude in the growing Uptown area. The property offers scheduled monthly income of $6,570. An attractive opportunity for investors seeking stable rental income near Downtown Memphis. Please do not disturb residents — drive by only.

FOR SALE DETAILS

PRICE

$792,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

8

PRICE/UNIT

$99,000

CAP RATE

8.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

261 Keel Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,723 SF

ZONING

-

APN/PARCEL ID

00-1084-0-0001C

ASK ABOUT THIS PROPERTY

Jeffrey MooreCrye-Leike CommercialMore Info
901-277-0477

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Jeffrey MooreCrye-Leike CommercialMore Info
901-277-0477

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