1031 Exchange

Shelby County, TN 1031 Exchange Properties for Sale

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Garden-Style Multifamily with Two Buildings
Updated: Apr 11
Garden-Style Multifamily with Two Buildings

1686 Kansas St, Memphis, TN 38109

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22‑unit garden‑style apartment community with 1 bed/1 bath units at 1680 Kansas St (12 units) and 1686 Kansas St (10 units)
Fully renovated and stabilized, with full interior renovation of 21 of the 22 units plus new windows and new roof
Significant capital projects completed: sewer and water line replacements, new HVAC systems, and new electrical service to each unit
Current monthly gross rent is $13,305; expected monthly gross rent in September is $13,845 with 5 units scheduled for rent increases this year
Amenities include on‑site laundry, parking, security system and gate, privacy fence, freshly paved road, and storage container
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