3
See all 3 photos
$3,200,000
Est. payment /mo
New
1935-1943 LAMAR AVE Memphis, TN 38114
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
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 Apts at 1935-1943 Lamar Ave. represents a rare 32-unit multifamily asset spanning 29,212 square feet across 1.23 spacious acres in Memphis. The asset showcases a hybrid operational model where a strategic mix of 21 long-term rentals and high-performing short-term Airbnb units unlocks extraordinary yield. With capital improvements already completed, an investor can immediately capture massive rental growth. The time to acquire this scale at an attractive basis is right now as surrounding neighborhood investment surges!
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 SCHOOL & BUSINESS
GET MORE INFORMATION