Updated over 9 years ago on .
Memphis: Class C 44 Unit Apartment Complex
44 Unit Apartment complex in the 38127 (Frayser) zip code in Memphis
This property is perfect for a Low Income Multi Family Tax Credit. Needs major renovation to most units
All are currently 2 bedroom/1 bath units that would rent for $500/month based on local market rents once the complex is renovated. The complex is completely vacant. It is made up of 3 building with 1 building about 70% renovated. The remaining 2 would need complete renovations.
Asking Price: $750,000
Potential Gross Income: $264,000
Call or email for more details and options for owner financing
Brian Estes
901-461-3635
Offering