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The District1161 Poplar Ave, Memphis, TN 38105
Felecia MagroStamps Real Estate LLC109 N Center St,Collierville, TN [email protected](901) 283-9373
Price: $2,800,000
No. Units: 40
Property Type: Multifamily
Property Sub-type: Apartments
Apartment Style: Garden
Building Class: B
Sale Type: Investment
Cap Rate: 7.47%
Lot Size: 3.65 AC
Building Size: 31,472 SF
No. Beds: 40
No. Stories: 2
Year Built: 1951
Parking Ratio: 1.97/1,000 SF
Zoning Description: R-ML
The District$2,800,000
1161 Poplar Ave Memphis, TN 38105 Price: $2,800,000Total Units: 40 22 one bedrooms 18 two bedroomsBuilding Sq. Ft.: 28845 Land Size: 1.66 acres Proud toannounce this 40 unit complex, located in themidtown/medical district area!!have taken suchwonderful care of this property. The location is stellarand it’s a rare opportunity to be able to purchase a highquality turn key complex in the area it is located! Itdefinitely will not last long... High...
1161 Poplar Ave Memphis, TN 38105 Price: $2,800,000Total Units: 40 28 one bedrooms 12 two bedroomsBuilding Sq. Ft.: 28845 Land Size: 1.66 acres Proud toannounce this 40 unit complex, located in themidtown/medical district area!!! The sellers are greatfriends of mine and have taken such wonderful care ofthis property. Which is hard to find these days... Whenthey purchased this complex, they had to put a lot ofhard work and efforts into this property, to turn it into...
Lots of Natual Light
Gorgeous courtyard area with BBQ grills
Security Cameras
Laundry facility onsite generating $300 extra in
income each month
••••
Unit/Room Mix Information
Description No. Units Avg. Rent/Mo Sq. Ft
1+1 40 $60.42 700 - 750
2+1 40 $64.58 900
1161 Poplar Ave, Memphis, TN 38105
1161 Poplar AveMemphis, TN 38105
Price: $2,800,000Total Units: 4022 one bedrooms 18 two bedrooms Building Sq. Ft.: 28845Land Size: 1.66 acresProud to announce this 40 unit complex, located in the midtown/medical district area!!have taken suchwonderful care of this property. The location is stellar and it’s a rare opportunity to be able to purchase a highquality turn key complex in the area it is located! It definitely will not last long...
High Tech Security Cameras Gated Community Brand New Sewage System Over 30 units rehabbed throughoutRoofs are less than 4 years oldTile showers and floors in bathrooms, LED lights, New flooring with the vinyl planks that look like hardwoodthroughout main areas and bedrooms. 100% occupied Over 1500 square feet of storage spaced- gated inside to store equipment or lease outRental office onsite Onsite Laundry Facility that generates over 300 a month in extra income Branding and signs have already been established for the District which is crucial for marketing your newinvestment property!
Call or text me today at 901-283-9373 for more information!
Felecia Magro
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