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20-24 North Belvedere Boulevard, Memphis, TN, 38104
Multifamily Mid-Term Rental Investment

20-24 North Belvedere Boulevard Memphis, TN 38104

For Sale
$1,176,000

Twelve-unit multifamily with furnished mix, operating as a mid-term rental portfolio generating monthly rental income.

Days on Market59

Property Features for 20-24 North Belvedere Boulevard

General Information

Standard status
Active
Property subtype
Multi-Family / Apartment Complex

Building Details

Year Built
1920
Listing Agency: Evernest Too, LLC
Listed By: Austin Hall
Source: Compass
Added: May 26 Changed: Jul 22 Last Checked: Jul 23 at 8:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Evernest Too, LLC


Investment Insights

Based on property information with market context.

This 12-unit multifamily property is offered as a turnkey mid-term rental investment currently operating as a furnished-unit portfolio. The property features a mix of furnished units designed for extended stays, and it is generating stated monthly rental revenue in the range of $12,000–$14,000 per month.

The asset is located at 20–24 North Belvedere Boulevard in Memphis, Tennessee, in Midtown. The public remarks indicate convenient access to major medical facilities, with nearby dining and entertainment options including I Love Pho & Dumplings-Midtown Location, FLAME RAMEN, Just Love Coffee & Cafe - Memphis, Sekisui, and Casablanca.

Key Highlights

  • 12‑unit multifamily operating as a mid‑term rental portfolio with furnished units
  • Current monthly rental revenue of $12,000–$14,000
  • Interior finishes include hardwood floors throughout and tile

Property Analytics

Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Electrical Service HVAC Service Home Appliance Store Pet Grooming Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Veterinary Clinic Storage Facility Nursing Home Carpet & Flooring Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Twelve-unit multifamily with furnished mix, operating as a mid-term rental portfolio generating monthly rental income.
Where is this apartment building located?
The property is located at 20-24 North Belvedere Boulevard Memphis, TN.
What is the asking price?
The asking price for this property is $1,176,000.
What are key features of this property?
This property features: 12‑unit multifamily operating as a mid‑term rental portfolio with furnished units; Current monthly rental revenue of $12,000–$14,000; Interior finishes include hardwood floors throughout and tile
More about this property
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