3236 Millington Rd Memphis, TN 38127

PRICED AT $5,500,000

Listing Details

  • $5,500,000
  • MLS# 10225795
  • Type Multi Unit - Multiple
  • Status Active
  • 1964 Year Built

Description

Welcome to Urban Bayou Apartments! By far the nicest complex in this fast developing area. Immediate Cash Flow, turn key, garden style apartment complex. 76 units, 16 1 bedroom and 60 2 bedroom with a total of 10 buildings including a laundry facility and maintenance building. 1st floor units have tile flooring/2nd floor units have LVP. Currently 66 of the units are rented - fully rented potential is $61K monthly. On site office/property manager! Major upgrades in 2019 including new roof, HVAC, electrical, plumbing plus a total rehab of each unit. Recently HWH have been upgraded to tankless. Laundry facility is currently not in use but all...read more

Features

  • Central, Individual Cooling
  • Central, Electrical, Individual Systems
  • 2.0 Stories
  • Built in 1964
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Cooling: Central, Individual Cooling
  • Days on Site: 1
  • Floors/ Ceilings: Tile, Vinyl Floor, Dry Wall,8 Feet
  • Heating: Central, Electrical, Individual Systems
  • Roof Type: Roll, Flat
  • Stories: 2.0
  • Units: 76
  • Year Built: 1964