Address: 340 S Pkwy E, Memphis, TN 38106, USA
Created date: February 4, 2025
Date last updated: February 4, 2025
Property Description
Lender says sale! This foreclosure property offers is a great and unique opportunity for redevelopment. This site features a two building, 36 unit garden style apartment. All units are 2/1s. Property needs repairs but could be worth a lot of money once fixed up. The property is anchored by nearby school to boost your tenant demand. This is an excellent value add opportunity. Property sits on multiple parcels totaling over 2.5 acres. Completely vacant. Boarded up. Market rents should be $700 - $950 per unit, depending on tenant situation and exact unit set up. Do not enter property without permission.