Property Description

Exceptional 14-unit garden-style multifamily opportunity in the heart of downtown Memphis, just steps from St. Jude Children's Hospital. This asset features 13 of 14 units currently occupied, providing immediate income with strong rental demand. All units are spacious 2BR/1BA layouts appealing to a broad tenant base. The property has benefited from several hundred thousand dollars in capital improvements, including a new iron six foot security fence and gate, a new roof and 5 fully renovated units, creating a clear path to increased rents and long-term stability. Located in a high-growth corridor with ongoing development, including new retail such as Chick-fil-A, this property is uniquely positioned to attract quality tenants and achieve full market rents. Current rent roll and T12 financials available for qualified buyers.

Property Features