Cabinet Shop Apartments

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Address: 436 S Front St, Memphis, TN 38103, USA
Created date: July 2, 2024
Date last updated: July 10, 2024

Property Description

*Principals Only*
Cabinet Shop Apartments [28 Units]         $3,650,000 or $130,000/UnitEstimated cost if built new today, $200,000 per unit.  AVAILABLE INDIVIDUALLY or as part of The 4-Asset Class A- Multifamily Portfolio I 121 Units Featured under “View Properties” Tab on Home Page and includes: The Washburn Apartments [42 Units]                         $5,125,000 - $122,000/UnitThe Printer’s Alley & Annex Lofts  [51 Units]              $5,750,000 - $112,000/Unit[Sold Together] PORTFOLIO INVESTMENT HIGHLIGHTSAttractive Basis - $70,000 per Unit Below Replacement CostNo Heavy Lifting - Contemporary Loft Residences with Modern Urban Finishes in Well-maintained Condition. Competitively positioned in Market.Untapped Potential via Operational Improvements, Amenity and Technology Upgrades aimed at Reducing VacancyFantastic Workforce Location – Surrounded By Region’s Largest EmployersUnique Opportunity To Obtain Immediate Scale with 121 UnitsOffered Free & Clear of Existing Debt LOCATION HIGHLIGHTSLifestyle Location - Downtown Memphis convenience in a Live Work Play environment convenient to the city’s premier employment anchors.Battery Belt and AI Tech Hub – Recent advanced manufacturing and high-tech AI projects within 45 minutes of Memphis have eclipsed $13 billion in investment, and are projected to add 9,000 direct jobs to the MSA. These capital investments involve corporate giants including Ford Motor, Musk Companies, Daimler Truck among others.  OFFERING PROCEDUREOffers may be submitted along with Proof of Funds and a Resume at any point during the marketing process. A deadline for offers may be established at a later date.  

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $3,650,000
No. of Units: 29
Year Built: 2013
Lot Size: 24,925.00 Sq ft
Opportunity Zone: No
Price per unit: $125,862
Property Website Click Here
Address: 436 S Front St., Memphis, TN 38103, USA
Provided by:

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