2116 Howell Ave Memphis, TN 38108
- Garden apartment buildings
- 3,384 SF
- 1.38 lot acres
Current Use by Public Records
- Garden apartment buildings
Property Details for 2116 Howell Ave
- Year built
- 1956
- Lot size
- 1.38 lot acres
- Property size
- 3,384 SF
- Zone code
- R-6
- Property type
- Garden apartment buildings
- APN
- 041-033- - -00068-C
- APU
- 04103300068C
Description
This exceptional multifamily investment opportunity presents a 27-unit apartment building situated at 2116 Howell Ave, Memphis, Tennessee, 38108. The property, built in 1956, consists of two buildings and sits on a parcel with APN 041033 00068C. Currently boasting 37% occupancy, this property offers significant upside potential for a savvy investor. The unit mix includes a variety of one, two, and three-bedroom apartments catering to a diverse tenant base. Recent improvements include the complete replacement of sewer lines, repairs to concrete walkways and stairs, essential welding work, and the removal of several trees. While the property is in good condition, prospective buyers should note that approximately three to four units require complete renovation. This presents an immediate opportunity to increase rental income and property value. The asking price for this promising investment is $950,000. The property is located in the desirable Vollintine/Springdale area of Memphis. Please respect the privacy of current tenants and refrain from disturbing the community. Detailed financial information and property specifics are available upon request.
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
- -89.9866
- Latitude
- 35.1678
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
