Rare East Memphis Multifamily Portfolio Multi-Family FOR SALE


Memphis, TN - White Station
$16,500,000 USD
901-767-1998
, Memphis, TN for Sale
$16,500,000 USD
Multi-Family - FOR SALE
1/33
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Rare East Memphis Multifamily Portfolio
Memphis, TN
White Station


HIGHLIGHTS

  • Sold ONLY as a portfolio
  • Visit our listing pages for more pictures and virtual tours
  • Call listing agent Steve Woodyard at 901-767-1998 for more information

OVERVIEW

The combination of these locations and spacious apartments spell opportunity to maximize the rents. The average rents are well below the current market rents because the residents are not moving out as some, per the manager, have been there 10-15 years! Modest improvements like painted cabinets with new modern pull fixtures, counter tops and kitchen backsplashes and vanity updates as units turnover will help to obtain the market rents. Most units have hard surface flooring and nice walk-in closets. Located in two of Memphis' sought-after areas - High Point (High Point) and White Station(Mendenhall Gardens). Residents move to these areas to get the best public schools in the city and both are just half a mile or so from the Green Line and conveniently located near the University of Memphis and both the east Memphis business center and all the benefits that come with Midtown Memphis! Community Features: controlled access at Mendenhall Gardens, laundry facilities, resort-style pool, minutes from bus stop!

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.