528 Parkway Memphis, TN 38112
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 528 Parkway
- Property type
- Apartment buildings
Description
This exceptional 16-unit apartment building located at 528 E Parkway N, Memphis, TN 38112 presents a compelling investment opportunity. Currently boasting an 88% occupancy rate, this property offers a diverse mix of studio, one-bedroom, and two-bedroom apartments, ensuring a steady stream of rental income. Each unit is equipped with all major appliances, including a washer and dryer, providing residents with convenient and comfortable living spaces. The building's prime location in Shelby County contributes to its strong rental demand and consistent high occupancy. The asking price for this multifamily property is $2,000,000. This represents a significant opportunity for investors seeking a stable and profitable addition to their portfolio. The property's strong performance history, coupled with its desirable location and well-maintained units, makes it an attractive investment prospect. Detailed financial information is available upon request. This is a turnkey investment ready to generate immediate returns. The building's current occupancy rate demonstrates its appeal to tenants and its potential for continued growth. Don't miss this chance to acquire a well-established multifamily property in a thriving Memphis neighborhood.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9809
- Latitude
- 35.1504
