5 Unit in Memphis - HOT LOCATION
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5 Unit for sale in Memphis, TN in the Uptown neighborhood of Memphis.
Asking: $149K
Rehab: $130K
ARV: $350K
Each unit is a 2/1 and the property needs a full rehab.
This unit is in the middle of a neighborhood that has been part of a revitalization project in the Uptown and Pinch District of Memphis. St. Jude Children's Research Hospital, is a few blocks away. St. Jude is rapidly expanding and is Fortune Magazine’s 100 Best Companies to work for, now for the ninth consecutive year and is the cornerstone for the $1.1 Billion Dollar Expansion.
Uptown Neighborhood Information: https://www.downtownmemphis.com/neighborhoods/uptown/
St. Jude “100 Best Companies to Work for: https://www.stjude.org/media-resources/news-releases/2018-medicine-science-news/st-jude-named-to-fortune-magazine-100-best-companies-to-work-for-for-eighth-consecutive-year.html
$1.1 Billion Dollar Redevelopment: https://www.commercialappeal.com/story/money/business/development/2019/11/13/memphis-development-pinch-district-tom-intrator-18-main/4180545002/
Uptown is the Newest "Boom Town": https://www.highgroundnews.com/features/UptownAndThePinchHistory.aspx