3-Asset Class A Multifamily Portfolio Multi-Family FOR SALE


Memphis, TN
$10,875,000 USD
901-842-5322
, Memphis, TN for Sale
$10,875,000 USD
Multi-Family - FOR SALE
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3-Asset Class A Multifamily Portfolio
Memphis, TN


OVERVIEW

*Principals Only* 3-Asset Class A- Multifamily Portfolio in Downtown Memphis 121 Units Operational Value-Add Play + Immediate Scale Offered at 60% of Replacement Value Occupancy Nearly Stabilized & Rising at 83%+ 345/347 S. Front and 60 S Main Street, Memphis, TN 38103 Portfolio Price $10,875,000 or $117,000/Unit ONLY! Estimated cost if built new today, $200,000 per unit. AVAILABLE AS PORTFOLIO OR INDIVIDUALLY, including: Printer’s Alley & Annex Lofts [51 Units] $5,750,000 - $112,000/Unit ?[Sold Together] The Washburn [42 Units] $5,125,000 - $122,000/Unit Virtual tours for each property can be viewed under the individual property websites. INVESTMENT HIGHLIGHTS Attractive Basis - $80,000 per Unit Below Replacement Cost No Heavy Lifting - Contemporary Loft Residences with Modern Urban Finishes in Well-maintained Condition. Competitively positioned in Market. Untapped Potential via Operational Improvements, Amenity and Technology Upgrades aimed at Reducing Vacancy Fantastic Workforce Location – Surrounded By Region’s Largest Employers Unique Opportunity To Obtain Immediate Scale with 121 Units Offered Free & Clear of Existing Debt LOCATION HIGHLIGHTS Lifestyle Location - Downtown Memphis convenience in a Live Work Play environment convenient to the city’s premier employment anchors. Battery Belt and AI Tech Hub – Recent advanced manufacturing and high-tech AI projects within 45 minutes of Memphis have eclipsed $13 billion in investment, and are projected to add 9,000 direct jobs to the MSA. These capital investments involve corporate giants including Ford Motor, Musk Companies, Daimler Truck among others. OFFERING PROCEDURE Offers may be submitted along with Proof of Funds and a Resume at any point during the marketing process. A deadline for offers may be established at a later date.

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Lea HeiligWoodyard Realty CorporationMore Info
901-842-5322

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Lea HeiligWoodyard Realty CorporationMore Info
901-842-5322

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