650 Minor RdMemphis, TN 38111

Property Details for 650 Minor Rd

Year built

1966

Lot size

0.74 AC

Property size (Sq ft)

16,704 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a 22-unit apartment building located at 650 Minor Rd, Memphis, TN 38111. The property, known as Tiger Flats, comprises two well-maintained, two-story buildings totaling 16,704 square feet of net rentable space, situated on a 0.74-acre lot. Built in 1966 and extensively renovated in 2017, the Class C property boasts a strong rental history with low vacancy rates. The complex is zoned RU-3 and offers a desirable mix of residential units in a convenient location near the University of Memphis, providing easy access to dining, retail, and other amenities. The property's strong tenant base and central location contribute to its significant income potential. This multifamily investment offers a compelling opportunity for investors seeking a stable and profitable addition to their portfolio. The property's 22 units provide a substantial cash flow, making it an attractive option for those looking for a proven income stream. Its strategic location near the University of Memphis further enhances its appeal to potential tenants and ensures consistent occupancy. The 2017 renovation ensures the property is in excellent condition, minimizing maintenance costs and maximizing long-term value. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a thriving Memphis neighborhood. The asking price is $1,700,000.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1138

Longitude

-89.9436

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