40 S Morrison St - Apartments FOR SALE


Memphis, TN 38104- Midtown Memphis
$1,485,000 USD
901-767-1998
40 S Morrison St, Memphis, TN for Sale
$1,485,000 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

40 S Morrison St
Memphis, TN 38104
Midtown Memphis


OVERVIEW

The Crossroads Apartments features two-story garden-style buildings with 16 two-bedroom units. Ideally situated in the heart of Midtown, the properties are in the vibrant area near 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, The Crossroads 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 Health, which are set to create thousands of new jobs and further enhance the area’s economic growth.

FOR SALE DETAILS

PRICE

$1,485,000 USD

PRICE/SF

$69 USD /SF

# OF UNITS

16

PRICE/UNIT

$92,813

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Crossroads

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,178 SF

ZONING

RMM

APN/PARCEL ID

01-7064-0-0017C

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.