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Museum Lofts 138 Huling Ave 68 Unit Apartment Building For Sale Memphis, TN 38103
Investment Highlights
- Located at 138 Huling Avenue, the Museum Lofts complex building is a modern, 2020-build with stylish finishes and large windows.
- Secure parking and convenient on-site amenities for residents continue to contribute to the asset’s strong renter demand in a prime urban location.
- Across from the National Civil Rights Museum in the lively South Main district, within walking distance to restaurants, shops, and attractions.
- Close to Downtown Memphis jobs, the Medical District, and the University of Memphis (7 miles), attracting quality renters in the area.
Executive Summary
Welcome to the Museum Lofts at 138 Huling Avenue in Memphis, Tennessee, a 68-unit apartment building comprising 65 one-bed/two-bath units and 3 two-bed/two-bath units.
With an average occupancy of 96%, the Museum Lofts are a stable investment asset that has well served the rental demand in the South Main neighborhood of Memphis since its delivery in 2020. Unit features include modern finishes throughout, such as granite countertops, stainless steel appliances, an island, and eat-in kitchen spaces, walk-in closets, and scenic patios. Community amenities include a fitness center, controlled key-fob access, bicycle storage, a tenant lounge, and storage space.
South Main is known as Memphis’s Historic Arts District and is described as a true neighborhood. Creative art galleries, local cafes, and beloved restaurants line the streets of South Main, contributing to the vibrant lifestyle outside of Downtown Memphis. The Memphis Area Transit Authority (MATA) operates the trolley and buses, and Amtrak serves Memphis Central Station. Memphis International Airport is about 12.5 miles south.?
5-mile demographics confirm a growing population of 129,816 residents with an average household income of about $70,000. Approximately 64% of households are renter-occupied, and 74% are one- and two-person occupied, signifying strong demand for small rental units in the immediate area.
Don’t miss the opportunity to acquire a stabilized, cash-flowing, well-maintained modern complex building with strong occupancy in the Memphis metro. Inquire today to learn more.
With an average occupancy of 96%, the Museum Lofts are a stable investment asset that has well served the rental demand in the South Main neighborhood of Memphis since its delivery in 2020. Unit features include modern finishes throughout, such as granite countertops, stainless steel appliances, an island, and eat-in kitchen spaces, walk-in closets, and scenic patios. Community amenities include a fitness center, controlled key-fob access, bicycle storage, a tenant lounge, and storage space.
South Main is known as Memphis’s Historic Arts District and is described as a true neighborhood. Creative art galleries, local cafes, and beloved restaurants line the streets of South Main, contributing to the vibrant lifestyle outside of Downtown Memphis. The Memphis Area Transit Authority (MATA) operates the trolley and buses, and Amtrak serves Memphis Central Station. Memphis International Airport is about 12.5 miles south.?
5-mile demographics confirm a growing population of 129,816 residents with an average household income of about $70,000. Approximately 64% of households are renter-occupied, and 74% are one- and two-person occupied, signifying strong demand for small rental units in the immediate area.
Don’t miss the opportunity to acquire a stabilized, cash-flowing, well-maintained modern complex building with strong occupancy in the Memphis metro. Inquire today to learn more.
Property Facts
| Sale Type | Investment | Lot Size | 0.60 AC |
| No. Units | 68 | Building Size | 76,445 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2020 |
| Building Class | B | ||
| Zoning | SM - Special Mixed Use | ||
| Sale Type | Investment |
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.60 AC |
| Building Size | 76,445 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 2020 |
| Zoning | SM - Special Mixed Use |
Amenities
Unit Amenities
- Cable Ready
- Washer/Dryer
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Fitness Center
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 65 | - | 482 - 830 |
| 2+2 | 3 | - | 1,263 |
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $11,892,100 | |
| Land Assessment | $333,600 | Total Assessment | $12,225,700 |
Property Taxes
Parcel Numbers
Land Assessment
$333,600
Improvements Assessment
$11,892,100
Total Assessment
$12,225,700
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Museum Lofts | 138 Huling Ave