3985 New Willow Avenue

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Address: 3985 New Willow Ave., Memphis, Tennessee, US
Created date: April 17, 2024
Date last updated: May 23, 2024

Property Description

The Willows is a garden-style multifamily property that is currently 100% vacant* and ready for a full renovation. Recent fires have damaged 22 units, to which management estimates $400,000+ in damages. Overall renovation cost should be about $30,000 per unit. Pictures supplied by the owner and CoStar should give a good representation of past conditions. Other pictures are from after the recent fire. 
Interested investors/developers are hereby advised not to go on site without written permission from owner.
*Pending evictions to occur prior to closing.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,216,000
No. of Units: 63
Year Built: 1971
Lot Size: 69,302.00 Sq ft
Opportunity Zone: No
Price per unit: $19,302
Property Website Click Here
Address: 3985 New Willow Ave., Memphis, TN 38111, USA
Provided by:

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