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53 N Belvedere Blvd 880 SF Flex Condo Unit Offered at $1,568,000 in Memphis, TN 38104
Executive Summary
Investment Opportunity in Midtown Memphis! Seller is selling 19 individual units (42 total bedrooms & 19 bathrooms). Properties are professionally managed and seller is interested in a bulk sale buyer to buy all 19 doors. Monthly current rent is $17,410 per monthly and each individual unit has a $160 per monthly HOA fee. There are five 3 bedroom units, thirteen 2 bedroom units, and 1 one bedroom unit at the properties. Units have been well maintained and only one unit is vacant as of April 2026. Seller continues to upgrade & repair existing inventory as needed. Three bedroom units are renting for as much as $1325 monthly and two bedrooms are renting for as much as $1200 monthly. This could be a great addition to your rental portfolio. Existing management company is in place and will gladly continue to manage. Units include parking and washer/dryer connections on site. ONLINE VIDEO AVAILABLE UPON REQUEST.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 103 | 880 SF | Flex | $1,568,000 ($1,781.82/SF) | - |
Unit 103
| Unit Size |
| 880 SF |
| Condo Use |
| Flex |
| Price |
| $1,568,000 ($1,781.82/SF) |
| NOI |
| - |
Unit 103
| Unit Size | 880 SF |
| Condo Use | Flex |
| Price | $1,568,000 ($1,781.82/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| MULTI PROPERTY SALE. Please see attached exhibit for complete list of properties.</li></ul> | |
| Sale Notes | |
| MULTI PROPERTY SALE. Please see attached exhibit for complete list of properties.</li></ul> |
Property Facts
| Total Building Size | 62,073 SF | Floors | 2 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 31,037 SF |
| Property Subtype | Apartment | Year Built | 1963 |
| Building Class | C | Lot Size | 1.84 AC |
| Total Building Size | 62,073 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 31,037 SF |
| Year Built | 1963 |
| Lot Size | 1.84 AC |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 615 |
| 2+1 | 13 | - | 946 |
| 3+1 | 5 | - | 872 |
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53 N Belvedere Blvd
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