For Sale
$1,216,000
3985 New Willow RdMemphis, TN 38111
64-Unit Apartment Building, $1.2M
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- 64-unit apartment building on a 2.65-acre lot in Memphis, TN.
- 69,302 square feet, ten two-story buildings, built in 1972.
- Currently 100% vacant, requiring substantial renovation.
- Asking price: $1,216,000 ($17.55/SF, $19,000/unit).
- Estimated renovation cost: $30,000 per unit; approximately half the units have fire, smoke, or water damage.
- Address: 3985 New Willow Rd, Memphis, TN 38111. Requires prior owner permission for site visits.
Property Details for 3985 New Willow Rd
- Property type
- Apartment buildings
- Square Feet
- 69,302 SF
- Year Built
- 1972
- Buildings
- 10
- Stories
- 2
- Lot Size (sq. ft)
- 115,434 SF
- Units
- 64
Location Insight
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.0861469
- Longitude
- -89.9299448
3985 New Willow Rd, Memphis, Tennessee
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