325 Greenlaw Avenue
14-Unit Downtown Apartment Complex Steps from St. Jude | 13 of 14 Units Already Occupied
Marketing description
Prime Downtown Memphis Multifamily Opportunity | 14-Unit Value-Add Asset
Maximize your portfolio's potential with this exceptional 14-unit garden-style apartment complex perfectly positioned in a high-growth downtown Memphis corridor. Located just steps from the world-renowned St. Jude Children's Hospital, this property benefits from a virtually endless pool of strong rental demand. Comprising entirely of highly desirable and spacious 2-bedroom, 1-bathroom layouts, the asset provides the ideal footprint for long-term tenant stability and minimal turnover.
This property eliminates the headaches of a heavy lift by offering immediate, robust cash flow on day one with 13 of the 14 units currently occupied. The heavy lifting on capital expenditures has already been done; several hundred thousand dollars have recently been injected into the property, including a brand-new roof, five fully renovated turnkey units, and a secure, new 6-foot iron security fence and gate.
Positioned directly in the path of progress—surrounded by fresh neighborhood developments and new retail like Chick-fil-A—this asset offers a flawless blend of immediate yield and clear upside. Investors can systematically upgrade the remaining classic units to match the proven rental premiums of the renovated spaces, maximizing the property's Cap Rate and overall valuation.
Investor Note: Current rent roll and T12 financial packages are available for qualified buyers. Contact the listing agent today to schedule a private tour and review the underwriting.
Investment highlights
Exceptional 14-unit garden-style multifamily opportunity in the heart of downtown Memphis, just steps from St. Jude Children's Hospital. This asset features 13 of 14 units currently occupied, providing immediate income with strong rental demand. All units are spacious 2BR/1BA layouts appealing to a broad tenant base. The property has benefited from several hundred thousand dollars in capital improvements, including a new iron six foot security fence and gate, a new roof and 5 fully renovated units, creating a clear path to increased rents and long-term stability. Located in a high-growth corridor with ongoing development, including new retail such as Chick-fil-A, this property is uniquely positioned to attract quality tenants and achieve full market rents. Current rent roll and T12 financials available for qualified buyers.
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