3439 3449 3459 SOUTHERN AVE Memphis TN 38111

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Introducing University Flats Apartments located at 3439, 3449, 3459 Southern Ave, Memphis, TN 38111, this multifamily gem offers 46 units just a block away from the University of Memphis. Featuring a starting bid of $500,000, this auction presents an incredible investment opportunity. Recently renovated, this property boasts updated flooring, countertops, bathrooms, and kitchens with new appliances. Enhancing security, the complex includes surveillance cameras and convenient on-site laundry facilities. With 41,690 sq ft of net rentable space, an NOI of $204,780, and RU-3 zoning, this property stands out among its competitors. These University Flats Apartments come with six units, offering a blend of modern amenities and a prime location. This investment opportunity is not to be missed—secure your bid and own this lucrative property today!

· Non-Contingent

· Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price

· Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum

· $10,000 Participation Deposit

3439, 3449, 3459 Southern Ave, Memphis, TN 38111

• 46 Units
• RU-3 Zoning
• Laundry Facilities On-Site
• Newly Renovated Property
• One Block from University of Memphis