For Sale
$650,000

3974 New Horn Lake RdMemphis, TN 38109

85-unit farm, gated community, luxury rentals

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents Farm Hills Estate, a gated 85-unit multifamily property situated on 9.3 acres in Memphis, Tennessee. The property, located at 3974 New Horn Lake Rd, zip code 38109, consists of 17 buildings, each a single-story structure, totaling 105,451 square feet. The community offers a mix of 18 two-bedroom and 67 three-bedroom townhomes, designed as duplex-like structures, providing residents with private backyards. Ample parking is available with 89 spaces. Conveniently located just three miles from Graceland Mansion and within walking distance of Levi Elementary School, Farm Hills Estate provides residents with a blend of suburban tranquility and urban accessibility. The property's attractive design and amenities cater to families seeking comfortable and luxurious rental living. The asking price for this prime multifamily investment is $650,000. The property's APN is 07507400037. This offering presents a unique chance to acquire a well-maintained, established rental community in a desirable Memphis location. The property's strong tenant base and attractive features make it an ideal investment for those seeking a stable and profitable return.

Highlights

  • 85-unit multifamily property in Memphis, TN.
  • Located at 3974 New Horn Lake Rd, zip code 38109, on 9.3 acres.
  • 17 single-story buildings totaling 105,451 square feet.
  • Unit mix: 18 two-bedroom and 67 three-bedroom townhomes; duplex-style with private backyards.
  • 89 parking spaces.
  • Three miles from Graceland, walking distance to Levi Elementary School.

Property Details for 3974 New Horn Lake Rd

Property type
Land, Farms
Square Feet
105,451 SF
Buildings
17
Stories
1
Lot Size (sq. ft)
405,108 SF
Units
85

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.0480014
Longitude
-90.0693774
3974 New Horn Lake Rd, Memphis, Tennessee

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3974 New Horn Lake Rd
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