For Sale
$14,525,000
345 Front St Memphis, TN 38103
93 Units, Class A, Downtown Memphis
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- Substantially below replacement cost at $80,000 per unit.
- Well-maintained, contemporary loft residences with modern finishes.
- Significant upside potential through operational improvements, amenity enhancements, and technology upgrades to reduce vacancy.
- Excellent workforce location near major employers.
- Exceptional scale opportunity with 121 units.
- Free and clear of existing debt.
Property Details for 345 Front St
- Property type
- Residential income homes, Apartment buildings
- Class
- A
- Buildings
- 4
- Units
- 93
Location Insight
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.13769
- Longitude
- -90.058952
Nearby Similar for Sale
FAQs
- What type of property is this?
- Residential income home - 93 Units, Class A, Downtown Memphis
- Where is the residential income home located?
- The property is located at 345 Front St Memphis, TN.
- What is the asking price?
- The asking price for this property is $14,525,000.
- What are key features of this property?
- This property features: Substantially below replacement cost at $80,000 per unit.; Well-maintained, contemporary loft residences with modern finishes.; Significant upside potential through operational improvements, amenity enhancements, and technology upgrades to reduce vacancy.
- 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.
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