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Courtesy of Ware Jones, REALTORS

For Sale

3236 MILLINGTON RD

3236 MILLINGTON RD, Memphis, TN 38127

$5,500,000

Welcome to Urban Bayou Apartments! By far the nicest complex in this fast developing area. Immediate Cash Flow, turn key, garden style apartment complex. 76 units, 16 1 bedroom and 60 2 bedroom with a total of 10 buildings including a laundry facility and maintenance building. 1st floor units have tile flooring/2nd floor units have LVP. Currently 66 of the units are rented - fully rented potential is $61K monthly. On site office/property manager! Major upgrades in 2019 including new roof, HVAC, electrical, plumbing plus a total rehab of each unit. Recently HWH have been upgraded to tankless. Laundry facility is currently not in use but all owned equipment so it would profit $800 - 1500 per month. This is an incredible opportunity to invest in a turn key property but with room for improvements to boost its profitability even more.

76
beds

61,458 Sq.Ft. LIVING AREA

4.72 Acres lot

Jordan U. Schieffler

title Affiliate Broker
PHONE (901) 831-4906
EMAIL [email protected]
DRE # 375348

Features & Amenities

Interior

total bedrooms76
Laundry room Common Laundry, Equipment Owned
APPLIANCES Cooktop/Wall Oven, Dishwasher, Disposal, Exhaust Fan/Vent Hood, Microwave, Refrigerator, Smoke Detector(s)
other interior Features 8 Feet, Dry Wall, Tile, Vinyl Floor

Area & Lot

Status For Sale
Living Area61,458 Sq.Ft.
Lot Area4.72 Acres
MLS® ID10225795
TypeCommercial
YEAR BUILT1964
Middle SchoolRU-3
School DistrictAutoFill (MAARdata) or Public Records (Cnty Assessor Site)

Exterior

STORIES2
roofFlat, Roll
parkingAsphalt/Blacktop, Secured
HEAT TYPECentral, Electrical, Individual Systems
AIR CONDITIONINGCentral, Individual Cooling
SubstructureLaundry Facility, Slab

Financial

Sales Price$5,500,000
Zoning RU-3

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Thank you for your interest in 3236 MILLINGTON RD, Memphis, TN 38127. We are reviewing your request and will be in touch shortly!

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3236 MILLINGTON RD

$5,500,000

Jordan U. Schieffler

Features & Amenities

Interior

Area & Lot

Exterior

Financial

Schedule a Showing

Schedule a Showing

Mortgage Calculator

Work with Jordan

Follow Me on Instagram

Jordan Schieffler

Phone

Address

Email

Leave a Message

Thank you for your message. I will be in touch with you shortly.

3236 MILLINGTON RD

$5,500,000

Jordan U. Schieffler

Features & Amenities

Interior

Area & Lot

Exterior

Financial

Schedule a Showing

Schedule a Showing

Mortgage Calculator

Work with Jordan

Follow Me on Instagram

Phone

Address

Email

Contact Details

Jordan Schieffler

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