Click here to learn more about this opportunity.
The institutionally owned and operated Southeast Memphis Value-Add Portfolio is a 538-unit, four-property multi-family portfolio located in Memphis, TN. The assets are available for individual purchase or as a portfolio—including the possibility of some creative financing available for qualified investors.
This incredible value-rich opportunity consists of:
Barron Court Apartments: (85 units)
El Dorado Apartments: (188 units)
Longview Gardens Apartments: (105 units)
Longview Heights Apartments: (160 units)
Investment Highlights
- Extremely Unique Offering: institutionally owned, operated and maintained portfolio of +/- $20k/unit assets
- $2.5M+ of capital improvements in the trailing 24 months
- Occupied with the most qualified and consistently paying tenants in the submarket (2.5 x rent in gross income, 6 months of positive employment and rental history, 0 evictions in the last 2 years)
- Opportunity to drastically reduce op-ex and continue occupancy gains with hard turns now complete
- Available as a portfolio, individually, and with the possibility of some creative financing options