3
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$3,200,000
Est. payment /mo
Active
1935-1943 LAMAR AVE Memphis, TN 38114
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Key Details
Property Type Multi-Family, Condo
Sub Type Apartment Complex
Listing Status Active
Purchase Type For Sale
Subdivision Edgewood Manor
MLS Listing ID 10233497
Year Built 1933
Annual Tax Amount $12,131
Property Sub-Type Apartment Complex
Property Description
Garden Court Apartments offer scale, location, and immediate cash flow with a clear roadmap to multiply current net revenue. Operating 32 units across 1.23 acres provides a formidable footprint in a corridor experiencing intense revitalization. The true prize lies in peace of mind: major foundation, plumbing, and electrical updates were completed under current ownership. A proven hybrid operation of short- and long-term rentals gives an investor the option to maximize either business models, capturing an unparalleled upside!
Location
State TN
County Shelby
Area South Memphis/Glenview
Interior
Heating Central
Cooling 1 Window Unit per Unit
Flooring Hardwood Throughout
Laundry Common Laundry
Exterior
Parking Features Asphalt/Blacktop
Roof Type Shingle/Shake
Building
Foundation Conventional/Crawl Space, Laundry Facility, Storage Area
Water Electrical
Listed by Dylan R Andrews • Braden, Braden & Braden LLC
Nearby Locations
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