Property Description

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. Stabilized pro forma is attached and included! ONLINE VIDEO AVAILABLE UPON REQUEST.

Features

Heating System:: Central
Cooling System:: Central
FOUNDATION:: Other (see Remarks)
Parking Facility:: Concrete

Address Map

Country:: US
State:: TN
County:: Shelby
City:: Memphis
Subdivision:: BELVEDERE GARDENS
Zipcode:: 38104
Street:: BELVEDERE
Street Number:: 32
Street Suffix:: BLVD
Floor Number:: 0
Longitude:: W91° 59' 44.2''
Latitude:: N35° 8' 20.6''
Directions:: 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.
Address Direction:: N