For Sale
$4,100,000
2342 Parkway Pl Memphis, TN 38112
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- 32-unit Class A multifamily property in Midtown Memphis, recently renovated.
- Prime location near Overton Park, Overton Square, and major employment centers including the Medical District and Downtown CBD.
- 2022 full-scale renovation with updated interiors (cabinetry, countertops, appliances, baths) and exteriors (roof, windows, parking, landscaping).
- 92% occupancy with average rent of $1,072 ($1.65/SF).
- Offered at $4,100,000 ($128,125/unit), presenting significant upside potential due to below-market rents.
Property Details for 2342 Parkway Pl
- Property type
- Apartment buildings
- Square Feet
- 20,924 SF
- Year Renovated
- 2022
- Buildings
- 3
- Stories
- 2
- Lot Size (sq. ft)
- 44,431 SF
- Units
- 32
Location Insight
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.1495485
- Longitude
- -89.9811404
Nearby Similar for Sale
FAQs
- Where is the apartment building located?
- The property is located at 2342 Parkway Pl Memphis, TN.
- What is the asking price?
- The asking price for this property is $4,100,000.
- What are key features of this property?
- This property features: 32-unit Class A multifamily property in Midtown Memphis, recently renovated.; Prime location near Overton Park, Overton Square, and major employment centers including the Medical District and Downtown CBD.; 2022 full-scale renovation with updated interiors (cabinetry, countertops, appliances, baths) and exteriors (roof, windows, parking, landscaping).
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