3893 Pikes Peak Ave - Apartments FOR SALE


Memphis, TN 38108- Berclair
$3,500,000 USD
901-761-4444
3893 Pikes Peak Ave, Memphis, TN for Sale
$3,500,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

3893 Pikes Peak Ave
Memphis, TN 38108
Berclair


HIGHLIGHTS

  • Recently renovated in 2023 — buildings and units are in excellent condition
  • On-site laundry facility providing valuable supplemental monthly income
  • Priced to sell at $3,500,000 — attractive value for savvy investors

OVERVIEW

Prime Apartment Complex for Sale Jackson Heights Apartments is a standout investment opportunity located in the heart of Memphis, Tennessee. This offering features 38 well-maintained units spread across four modern two-story buildings, making it the ideal addition to any commercial real estate portfolio. Outstanding Property Features 38 apartment units across four two-story buildings Recently renovated in 2023 — buildings and units are in excellent condition On-site laundry facility providing valuable supplemental monthly income Priced to sell at $3,500,000 — attractive value for savvy investors Strong rental potential in a desirable Memphis location

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

38

PRICE/UNIT

$92,105

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

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.55 AC

LAND SF

111,078 SF

ZONING

RU-3

APN/PARCEL ID

06-2056-0-0163

ASK ABOUT THIS PROPERTY

Jerry CouloubaritsisMid-South Realty, Inc.More Info
901-761-4444

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Jerry CouloubaritsisMid-South Realty, Inc.More Info
901-761-4444

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