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Beacon Manor

2502 St. Elmo, Memphis, TN 38127

N/A

72 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
72
Building Size:
53,334 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
10%
Occupancy:
71%
No. Stories:
2
Year Built:
1973
Listing ID
17599669
Last Updated
over 1 year ago

Description

72-unit complex is 82% occupied, with plenty of upside opportunity. Complex sits on 7.86 acres with plenty of open green space and pine trees that provide a park-like setting in a quiet area of the Frayser community of Memphis. Property is adjacent to a church and community center.

From the North leg of I-240, travel north on Range Line Road to St. Elmo. Turn left (west) and property is 1/3 mile on the right (north).

Map of 2502 St. Elmo, Memphis, TN 38127 (Shelby County)

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