1928 Southern Ave Memphis, TN 38104
- Dormitories
- 0.37 lot acres
Current Use by Public Records
- Dormitories
Property Details for 1928 Southern Ave
- Lot size
- 0.37 lot acres
- Property type
- Dormitories
- Property subtype
- Student housing
Description
This exceptional Class A multifamily investment property in Memphis, TN, offers four units across two renovated buildings, totaling approximately 4,307 square feet. Completed in 2021, the property boasts high-end finishes including quartz and granite countertops, stainless steel appliances, and in-wall electric fireplaces in select units. All units feature 100% tiled flooring and open, inviting floor plans. The 0.374-acre lot includes 12 parking spaces and additional land suitable for expansion. Security features include a wrought iron and brick fence, security cameras, sensor lighting, and a controlled access gate. Located near Cooper-Young, the University of Memphis, and the Medical District, this property enjoys excellent occupancy and strong rental demand. The property is currently 100% occupied, providing immediate cash flow. This is a rare opportunity to acquire a fully stabilized, high-quality multifamily asset in a desirable Memphis location. The two buildings are situated on two separate lots, offering flexibility and potential for future development. The property's modern amenities and secure environment appeal to a wide range of tenants, ensuring long-term stability and profitability.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9981
- Latitude
- 35.1165
