4179 Millbranch Rd - Apartments FOR SALE


Memphis, TN 38116- Whitehaven
$3,400,000 USD
901-767-1998
4179 Millbranch Rd, Memphis, TN for Sale
$3,400,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

4179 Millbranch Rd
Memphis, TN 38116
Whitehaven


HIGHLIGHTS

  • Includes apartments, duplexes, and single family home on 1 parcel
  • Near airport, Graceland, and major employers
  • Well kept & family owned

OVERVIEW

Whitehaven Oaks Apartments presents a rare opportunity to acquire a well-maintained, long-term family-owned multifamily community in one of Memphis' most established workforce housing markets. Owned and personally managed by the same family for more than 20 years, the property has benefited from continuous capital improvements and hands-on stewardship. The asset includes 54 one-bedroom apartment homes, five income-producing duplexes along Millbranch Road, and a separate three-bedroom single-family residence, providing a diverse mix of income-producing units with stable occupancy and future upside through continued rent optimization. Ideally located in Whitehaven, the property is just minutes from Memphis International Airport, the FedEx World Hub, and one of the Mid-South's largest employment corridors. Surrounded by nice residential neighborhoods with major employers including FedEx, Amazon, Nike, Williams-Sonoma, Medtronic, UPS, DHL, and numerous logistics and manufacturing companies nearby, Whitehaven Oaks benefits from consistent workforce housing demand supported by a mature and diverse employment base. The combination of strong location with school and library in walking distance along with proven ownership, and long-term investment in the property creates an exceptional opportunity for investors seeking reliable cash flow with future appreciation potential.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$58 USD /SF

# OF UNITS

65

PRICE/UNIT

$52,308

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whitehaven Oaks Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

125

LAND DETAILS

LAND ACRES

3.42 AC

LAND SF

148,975 SF

ZONING

RU-3

APN/PARCEL ID

07-9009-0-0003C

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.