528 ParkwayMemphis, TN 38112

Property Details for 528 Parkway

Property type

Apartment buildings

Description

This exceptional 16-unit apartment building located at 528 E Parkway N, Memphis, TN 38112 presents a compelling investment opportunity. Currently boasting an 88% occupancy rate, this property offers a diverse mix of studio, one-bedroom, and two-bedroom apartments, ensuring a steady stream of rental income. Each unit is equipped with all major appliances, including a washer and dryer, providing residents with convenient and comfortable living spaces. The building's prime location in Shelby County contributes to its strong rental demand and consistent high occupancy. The asking price for this multifamily property is $2,000,000. This represents a significant opportunity for investors seeking a stable and profitable addition to their portfolio. The property's strong performance history, coupled with its desirable location and well-maintained units, makes it an attractive investment prospect. Detailed financial information is available upon request. This is a turnkey investment ready to generate immediate returns. The building's current occupancy rate demonstrates its appeal to tenants and its potential for continued growth. Don't miss this chance to acquire a well-established multifamily property in a thriving Memphis neighborhood.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1504

Longitude

-89.9809

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