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3893 Pikes Peak Ave 38 Unit Apartment Building $3,500,000 ($92,105/Unit) Memphis, TN 38108
Investment Highlights
- Recently renovated in 2023 — buildings and units are in excellent condition
- Priced to sell at $3,500,000 — attractive value for savvy investors
- On-site laundry facility providing valuable supplemental monthly income
Executive Summary
Prime Apartment Complex for Sale
Jackson Heights Apartments is a standout investment opportunity located in the heart of Memphis, Tennessee. This offering features 38 well-maintained units spread across four modern two-story buildings, making it the ideal addition to any commercial real estate portfolio.
Outstanding Property Features
38 apartment units across four two-story buildings
Recently renovated in 2023 — buildings and units are in excellent condition
On-site laundry facility providing valuable supplemental monthly income
Priced to sell at $3,500,000 — attractive value for savvy investors
Strong rental potential in a desirable Memphis location
Jackson Heights Apartments is a standout investment opportunity located in the heart of Memphis, Tennessee. This offering features 38 well-maintained units spread across four modern two-story buildings, making it the ideal addition to any commercial real estate portfolio.
Outstanding Property Features
38 apartment units across four two-story buildings
Recently renovated in 2023 — buildings and units are in excellent condition
On-site laundry facility providing valuable supplemental monthly income
Priced to sell at $3,500,000 — attractive value for savvy investors
Strong rental potential in a desirable Memphis location
Property Facts
| Price | $3,500,000 | Building Class | C |
| Price Per Unit | $92,105 | Lot Size | 2.55 AC |
| Sale Type | Investment | Building Size | 32,700 SF |
| No. Units | 38 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1972/2023 |
| Apartment Style | Garden | ||
| Zoning | RU-3 | ||
| Price | $3,500,000 |
| Price Per Unit | $92,105 |
| Sale Type | Investment |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.55 AC |
| Building Size | 32,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2023 |
| Zoning | RU-3 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Dining Room
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 16 | - | - |
| 3+1.5 | 14 | - | - |
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Property Taxes
| Parcel Number | 06-2056-0-0163 | Improvements Assessment | $773,200 |
| Land Assessment | $69,240 | Total Assessment | $842,440 |
Property Taxes
Parcel Number
06-2056-0-0163
Land Assessment
$69,240
Improvements Assessment
$773,200
Total Assessment
$842,440
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Presented by
Mid-South Realty, Inc.
3893 Pikes Peak Ave
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