For Sale
$875,000

4390 Kamali CtMemphis, TN 38128

21-Unit Apartment Building, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional value-add investment opportunity presents a 21-unit apartment building located at 4390 Kamali Court, Memphis, Tennessee, 38128. The property, built in 1960, consists of three two-story buildings, offering a total of 21 townhome-style units. Each unit features two bedrooms and one and a half bathrooms, with a unique layout including one full bath upstairs and a half bath downstairs. Individual unit meters for utilities, central heating and air conditioning, and washer/dryer hookups are standard. Importantly, each unit also includes an emergency shut-off valve. Currently, the property boasts 14% occupancy, with three tenants holding month-to-month leases. A significant portion of the property requires complete renovation

Highlights

  • 21-unit apartment building in Memphis, TN.
  • Built in 1960, three two-story buildings with townhome-style units.
  • Each unit features two bedrooms, 1.5 baths, individual utility meters, central HVAC, and washer/dryer hookups.
  • Currently 14% occupied, with three month-to-month tenants.
  • Significant renovation needed.

Property Details for 4390 Kamali Ct

Property type
Apartment buildings
Year Built
1960
Buildings
3
Stories
2
Units
21

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.2028229
Longitude
-89.916884
4390 Kamali Ct, Memphis, Tennessee

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4390 Kamali Ct
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