665 E Pontotoc Ave - Apartments FOR SALE


Memphis, TN 38126
$650,000 USD
901-881-2070
665 E Pontotoc Ave, Memphis, TN for Sale
$650,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

665 E Pontotoc Ave
Memphis, TN 38126


HIGHLIGHTS

  • In Walking Distance to Downtown Memphis
  • $1 Billion in Nearby Recent & Planned Development
  • Located in Opportunity Zone

OVERVIEW

This is a great opportunity to purchase an existing apartment complex in walking distance to Southwest TN Comm College, University of TN Health Science Ctr. and Downtown Memphis! Redevelop as a value-add project or a new project. There is over $1 Billion in new and planned development in walking distance. All units are 2BR/1BA with long-term, month to month tenants. New Roof & decking completed!

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$116 USD /SF

# OF UNITS

8

PRICE/UNIT

$81,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pontotoc Apartments - Downtown Memphis

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

EMP

APN/PARCEL ID

00-7016-0-0002,00-7016-0-0003

ASK ABOUT THIS PROPERTY

Curtis BradenBraden, Braden & Braden LLCMore Info
901-881-2070

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Curtis BradenBraden, Braden & Braden LLCMore Info
901-881-2070

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