Investment Opportunity in Midtown Memphis! Seller is selling 19 individual units (42 total bedrooms & 19 bathrooms). Properties are professionally managed and seller is interested in a bulk sale buyer to buy all 19 doors. Monthly current rent is $17,410 per monthly and each individual unit has a $160 per monthly HOA fee. There are five 3 bedroom units, thirteen 2 bedroom units, and 1 one bedroom unit at the properties. Units have been well maintained and only one unit is vacant as of April 2026. Seller continues to upgrade & repair existing inventory as needed. Three bedroom units are renting for as much as $1325 monthly and two bedrooms are renting for as much as $1200 monthly. This could be a great addition to your rental portfolio. Existing management company is in place and will gladly continue to manage. Units include parking and washer/dryer connections on site. ONLINE VIDEO AVAILABLE UPON REQUEST.
Property Description
Features
: Central
: Central
: Other (see Remarks)
: Concrete
Address Map
US
TN
Shelby
Memphis
BELVEDERE GARDENS
38104
BELVEDERE
32
BLVD
0
W91° 59' 44.2''
N35° 8' 20.6''
Take Exit 12B off I-240 E turning W onto Sam Cooper Blvd, Turn S onto E Parkway N, W onto Poplar Ave, S onto N Belvedere Blvd, The units will be on your L.
N
MLS Addon
12880
Active
: Other (see Remarks)
1
1
5
13
.20
0 Bedrooms
0 Bathrooms
0 Sqft
$1,568,000
Listing ID #10219684
Basic Details
Property Type : Multi-family
Listing Type : For Sale
Listing ID : 10219684
Price : $1,568,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1962
Lot Area : 0 Acre
Status : Active
Days On Market : 19
Contact Agent
