3974 New Horn Lake RdMemphis, TN 38109

Property Details for 3974 New Horn Lake Rd

Lot size

9.30 AC

Property size (Sq ft)

105,451 SF

Property type

Land

Property subtype

Farms

Description

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.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.048

Longitude

-90.0694

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