1030 Poplar Ave - Apartments FOR SALE


Memphis, TN 38105- Crosstown
$10,750,000 USD
901-767-1998
1030 Poplar Ave, Memphis, TN for Sale
$10,750,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

1030 Poplar Ave
Memphis, TN 38105
Crosstown


OVERVIEW

Developer just finished the full renovation and the initial lease-up is now at 90%+! Studio Rasa is located in the heart of the Memphis Medical District/Midtown and Downtown where jobs and employment are growing. There is over $13 Billion in new business and medical construction within a 2-mile radius of the subject property so rents are expected to grow! Unit Features: fully renovated kitchens with microwave, refrigerator, range, washer/dryer. Community Features: gated, controlled access parking, laundry facilities, courtyard.

FOR SALE DETAILS

PRICE

$10,750,000 USD

PRICE/SF

$236 USD /SF

# OF UNITS

86

PRICE/UNIT

$125,000

CAP RATE

Request Cap Rate

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Studio Rasa

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

Commercial

APN/PARCEL ID

02-0090-0-0007C

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.