3236 Millington Rd
- Fully Renovated Turn Key Property With On Site Manager
- 76-unit multifamily community featuring all 2019 renovations and strong curb appeal
- $1,000,000 Value Add Business Plan
- Mix of 12 one-bedroom and 64 two-bedroom units with central A/C, balconies, and walk-in closets
- Brick construction with flat roofing across ten two-story apartment buildings
- Fully renovated gated property with security cameras for enhanced tenant safety
- Fully renovated electrical, kitchens, baths, roof and central AC's
- Prime North Memphis location near Millington, Highway 51, Naval Support Activity Mid-South, and Meeman-Shelby Forest State Park
Property Description
100Units.com presents Urban Bayou Apartments which is a 76 unit turn key multifamily complex that has recently been renovated in 2019 including all new electrical meter banks, wiring and breaker panels for every unit, all new roofing and all new PCV plumbing and all new kitchen cabinets, countertops and bathrooms with full tub surround tile and new flooring throughout, all new central ACs, tankless water heaters and full fencing and security system including two cameras on each building and gated access and all new double pain windows and new doors. The property is constructed of brick exteriors and flat roofing consisting of 10 two-story apartment buildings. The unit mix is 12 one bedroom one bath units and 64 two bedroom one baths units. Units feature central air-conditioning, balconies and walk-in closets. Electric is separately metered and paid for the tenants; water, sewer, and trash is paid for by the landlord. The complex features a private security gate, security cameras, laundry facility on site offering additional income. Ideally situated in North Memphis near the Millington submarket, Urban Bayou Apartments offers residents convenient access to major employment centers, shopping, and outdoor recreation. The property is just minutes from Highway 51 and a short drive to downtown Memphis, Meeman-Shelby Forest State Park, and the Naval Support Activity Mid-South Base—one of the region’s largest employers. This central yet peaceful location provides excellent tenant appeal with proximity to schools, parks, and local retail, supporting strong occupancy and long-term rental demand.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 76 |
| Average Occupancy: | 10.15 |
| Year Built: | 1964 |
| Lot Size: | 4.72 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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