543 Mendenhall RdMemphis, TN 38117
- Apartment buildings
- 6.74 AC
Property Details for 543 Mendenhall Rd
- Year built
- 1962
- Lot size
- 6.74 AC
- Property type
- Apartment buildings
Description
Exceptional investment opportunity: Mendenhall Gardens, a 82-unit apartment building in Memphis, Tennessee, is offered at $16,700,000. This property boasts a desirable location near the Shelby Farms Greenline trail, connecting to Midtown Memphis and Cordova. Built in 1962, the complex comprises 16 buildings across 2 stories, situated on a 6.74-acre lot. The property features a price per unit of $114,384 and a price per square foot of $75.53. Its prime location in a high-income area of East Memphis offers significant potential for rental growth, catering to both affluent downsizers and younger renters. The proximity to the Chickasaw Country Club and Golf Course presents an additional marketing advantage. The property's strong location and established tenant base make it an attractive investment for those seeking a stable and potentially high-return multifamily asset in a thriving Memphis neighborhood. The address is 543 North Mendenhall Rd, Memphis, TN 38117. This offering is for the portfolio only.
Location Insight
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.1457
- Longitude
- -89.8993
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].