For Sale
$650,000

1928 Southern AveMemphis, TN 38104

4-Unit Complex, Fully Stabilized

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A multifamily investment property in Memphis, TN, offers four units across two renovated buildings, totaling approximately 4,307 square feet. Completed in 2021, the property boasts high-end finishes including quartz and granite countertops, stainless steel appliances, and in-wall electric fireplaces in select units. All units feature 100% tiled flooring and open, inviting floor plans. The 0.374-acre lot includes 12 parking spaces and additional land suitable for expansion. Security features include a wrought iron and brick fence, security cameras, sensor lighting, and a controlled access gate. Located near Cooper-Young, the University of Memphis, and the Medical District, this property enjoys excellent occupancy and strong rental demand. The property is currently 100% occupied, providing immediate cash flow. This is a rare opportunity to acquire a fully stabilized, high-quality multifamily asset in a desirable Memphis location. The two buildings are situated on two separate lots, offering flexibility and potential for future development. The property's modern amenities and secure environment appeal to a wide range of tenants, ensuring long-term stability and profitability.

Highlights

  • $650,000 asking price for a Class A multifamily property.
  • Four-unit apartment complex, also suitable for student housing.
  • Completely renovated in 2021 with high-end finishes.
  • Two buildings on a 0.374-acre lot with 12 parking spaces.
  • 100% occupancy, fully stabilized.
  • Broker co-op available.

Property Details for 1928 Southern Ave

Property type
Dormitories, Student housing
Class
A
Year Renovated
2021
Buildings
2
Stories
2
Lot Size (sq. ft)
16,291 SF
Units
4

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.1165201
Longitude
-89.9981421
1928 Southern Ave, Memphis, Tennessee

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1928 Southern Ave
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