For Sale
$16,700,000

543 Mendenhall Rd Memphis, TN 38117

82-Unit Memphis Apartment Complex

Overview

Added:
Dec 11, 2024
Days on market:
134
Exceptional investment opportunity: Mendenhall Gardens, a 82-unit apartment building in Memphis, Tennessee, is offered at $16,700,000. This property boasts a desirable location near the Shelby Farms Greenline trail, connecting to Midtown Memphis and Cordova. Built in 1962, the complex comprises 16 buildings across 2 stories, situated on a 6.74-acre lot. The property features a price per unit of $114,384 and a price per square foot of $75.53. Its prime location in a high-income area of East Memphis offers significant potential for rental growth, catering to both affluent downsizers and younger renters. The proximity to the Chickasaw Country Club and Golf Course presents an additional marketing advantage. The property's strong location and established tenant base make it an attractive investment for those seeking a stable and potentially high-return multifamily asset in a thriving Memphis neighborhood. The address is 543 North Mendenhall Rd, Memphis, TN 38117. This offering is for the portfolio only.

Highlights

  • $16,700,000 asking price for a portfolio including Mendenhall Gardens.
  • Multifamily property consisting of an 82-unit apartment building.
  • $114,384 per unit price.
  • $75.53 price per square foot.
  • Located at 543 North Mendenhall Rd, Memphis, TN 38117.

Property Details for 543 Mendenhall Rd

Property type
Apartment buildings
Year Built
1962
Buildings
16
Stories
2
Lot Size (sq. ft)
293,594 SF
Units
82

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.1457438
Longitude
-89.8993274

FAQs

What type of property is this?
Apartment building - 82-Unit Memphis Apartment Complex
Where is the apartment building located?
The property is located at 543 Mendenhall Rd Memphis, TN.
What is the asking price?
The asking price for this property is $16,700,000.
What are key features of this property?
This property features: $16,700,000 asking price for a portfolio including Mendenhall Gardens.; Multifamily property consisting of an 82-unit apartment building.; $114,384 per unit price.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
543 Mendenhall Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message