214-707-8009
650 Minor Rd, Memphis, TN for Sale
Apartments - FOR SALE
1/40
null | Request Cap Rate

650 Minor Rd
Memphis, TN 38111
Audubon Park


HIGHLIGHTS

  • Tiger Flats is a modern 22-unit multifamily building offering a blend of one- and two-bedroom apartments with value-add potential.
  • At the heart of the city, tenants are in walking distance to University of Memphis and near it all, including the Highland Strip and Oak Court Mall.
  • Perfect opportunity for investors to lease-up vacancies at market rates creating a higher net operating income.
  • Within a 5-mile radius of Tiger Flats, the majority of households are renter-occupied and the population is experiencing steady growth.
  • Located a short distance from major retailers and essentials, including Walgreens, Kroger, Starbucks, McDonald’s, Wendy’s, and local businesses.

FOR SALE DETAILS

PRICE

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# OF UNITS

22

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tiger Flats | Value-Add near UofM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

RU-3

APN/PARCEL ID

04-6011-0-0017C,04-6011-0-0019

ASK ABOUT THIS PROPERTY

Jonathan DiamondBracket Real Estate, Inc.More Info
214-707-8009

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Jonathan DiamondBracket Real Estate, Inc.More Info
214-707-8009

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