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19668118
19668147

543 North Mendenhall Rd, Memphis, TN 38117 For Sale

SW
TN 217464, AR PB00045345
Woodyard Realty Corporation
Listed by Woodyard Realty Corporation
$16,700,000
705 days on market
Updated 1 day ago

Mendenhall Gardens

Details
Property Type Multifamily
Sub Type Apartment Building
Units 82
Price per SqFt $76
Year Built 1962
Buildings 16
Stories 2
Acreage 6.740

Multifamily | 82 Units | $114,384/unit

Marketing description

SOLD AS A PORTFOLIO ONLY WITH HIGH POINT APARTMENTS

High Point and Mendenhall Gardens Apartments are located near the highest income areas of Memphis and the Shelby Farms Greenline trail! Shelby Farms Greenline is a 10.65-mile paved, urban trail that connects pedestrians and cyclists in Midtown Memphis through Shelby Farms Park to Cordova. The Greenline is a rails-to-trails project that transformed an unused railroad line into one of Tennessee's favorite and green friendly trails.

High Point is adjacent to the Chickasaw Country Club and Golf Course and offers the opportunity for the astute investor to market the golf course location to upgrade the rents. Founded in 1922, Chickasaw Country Club is an exclusive classic southern golf club conveniently located in the heart of Memphis. Chickasaw offers 18 holes of golf on a newly renovated William Langford classically designed course, indoor and outdoor tennis, swimming, fitness, casual and fine dining, in a friendly social environment for its members.

Mendenhall Gardens' neighborhood is outstanding within one of the highest-income areas of East Memphis. The affluent clientele of the area makes the perfect prospects as the older affluent demographic will be scaling down to apartment living as the younger affluent renters move into the area. It is the best of both worlds.

Listing Contacts

SW
TN 217464, AR PB00045345
Woodyard Realty Corporation
Listed by Woodyard Realty Corporation

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