1297 Lauderdale StMemphis, TN 38106

This exceptional multifamily investment opportunity presents a prime chance to acquire the Willie Mitchell Apartments, a 34-unit apartment building located at 1297 S Lauderdale St, Memphis, Tennessee, 38106. The property is offered at an asking price of $1,950,000. All 34 units are two-bedroom apartments, each having undergone a complete renovation. This turnkey investment offers immediate cash flow potential with a strong tenant base. The property's location in Shelby County provides easy access to major transportation routes and local amenities, ensuring high occupancy rates and consistent rental income. The building's solid construction and recent renovations minimize future maintenance costs, maximizing the return on investment. This is an ideal opportunity for investors seeking a stable, high-yielding asset in a thriving Memphis market. A unique lease-with-option-to-purchase arrangement is available, requiring an initial investment of only $250,000. This attractive financing option makes this property accessible to a wider range of investors. Detailed financial information and property specifics are available upon request. Don't miss this chance to acquire a well-maintained, high-performing multifamily property in a desirable Memphis location.