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Memphis Apartment Buildings for Sale
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Olga Petrovna
- $30,000,000
- 379 Unit Apartment Building
- 421,496 SF
- Built in 1972
- Investment Opportunity
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1-25 of 32
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FAQs about Apartment Buildings for Sale in Memphis
How many Apartment Building listings are available for sale in Memphis?
Currently, there are 38 Apartment Building listings for sale near Memphis, TN. LoopNet continuously displays updated multi-family building listings, with new properties regularly included.
How much is an Apartment Building for sale in Memphis?
The average price per square foot for Memphis apartment buildings for sale is about $95.
When available, the price of these buildings in Memphis, TN varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
When available, the price of these buildings in Memphis, TN varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
What is the average size of Apartment Buildings available for sale in Memphis?
The average size of apartment buildings for sale in Memphis, TN is approximately 52,637 SF. The largest building available is 421,496 SF and the smallest is 2,711 SF.
What is the average cap rate for Multi-family Properties in Memphis?
Cap rates for apartment buildings in Memphis, TN typically range between 3.53% and 10.98%, with variations influenced by factors including tenant quality, lease terms, and property age. Read more about cap rates and the factors that influence them such as location, property type and market conditions.
Why are Apartment and Multi-family Buildings considered a good investment in Memphis?
In general, buying an apartment building can be considered a good investment because they provide rental income from multiple sources which can diversify cash flow opportunities and reduce risk by having income streams from multiple sources.
Depending on the location within the city of Memphis, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Memphis, TN.
Depending on the location within the city of Memphis, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Memphis, TN.
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