1928 Southern AveMemphis, TN 38104

Property Details for 1928 Southern Ave

Lot size

0.37 AC

Property type

Hospitality properties

Property subtype

Multifamily properties

Description

This exceptional Class A multifamily investment property in Memphis, TN, offers four units across two renovated buildings, totaling approximately 4,307 square feet. Completed in 2021, the property boasts high-end finishes including quartz and granite countertops, stainless steel appliances, and in-wall electric fireplaces in select units. All units feature 100% tiled flooring and open, inviting floor plans. The 0.374-acre lot includes 12 parking spaces and additional land suitable for expansion. Security features include a wrought iron and brick fence, security cameras, sensor lighting, and a controlled access gate. Located near Cooper-Young, the University of Memphis, and the Medical District, this property enjoys excellent occupancy and strong rental demand. The property is currently 100% occupied, providing immediate cash flow. This is a rare opportunity to acquire a fully stabilized, high-quality multifamily asset in a desirable Memphis location. The two buildings are situated on two separate lots, offering flexibility and potential for future development. The property's modern amenities and secure environment appeal to a wide range of tenants, ensuring long-term stability and profitability.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1165

Longitude

-89.9981

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