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3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
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3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
3236 MILLINGTON RD
Courtesy of Ware Jones, REALTORS
For Sale

3236 MILLINGTON RD

3236 MILLINGTON RD, Memphis, TN 38127

$5,500,000
Welcome to Urban Bayou Apartments! By far the nicest complex in this fast developing area. Immediate Cash Flow, turn key, garden style apartment complex. 76 units, 16 1 bedroom and 60 2 bedroom with a total of 10 buildings including a laundry facility and maintenance building. 1st floor units have tile flooring/2nd floor units have LVP. Currently 66 of the units are rented - fully rented potential is $61K monthly. On site office/property manager! Major upgrades in 2019 including new roof, HVAC, electrical, plumbing plus a total rehab of each unit. Recently HWH have been upgraded to tankless. Laundry facility is currently not in use but all owned equipment so it would profit $800 - 1500 per month. This is an incredible opportunity to invest in a turn key property but with room for improvements to boost its profitability even more.

76
beds

61,458 Sq.Ft. LIVING AREA

4.72 Acres lot

Jordan U. Schieffler

Jordan U. Schieffler

Features & Amenities

Interior

  • total bedrooms76
  • Laundry room Common Laundry, Equipment Owned
  • APPLIANCES Cooktop/Wall Oven, Dishwasher, Disposal, Exhaust Fan/Vent Hood, Microwave, Refrigerator, Smoke Detector(s)
  • other interior Features 8 Feet, Dry Wall, Tile, Vinyl Floor

Area & Lot

  • Status For Sale
  • Living Area61,458 Sq.Ft.
  • Lot Area4.72 Acres
  • MLS® ID10225795
  • TypeCommercial
  • YEAR BUILT1964
  • Middle SchoolRU-3
  • School DistrictAutoFill (MAARdata) or Public Records (Cnty Assessor Site)

Exterior

  • STORIES2
  • roofFlat, Roll
  • parkingAsphalt/Blacktop, Secured
  • HEAT TYPECentral, Electrical, Individual Systems
  • AIR CONDITIONINGCentral, Individual Cooling
  • SubstructureLaundry Facility, Slab

Financial

  • Sales Price$5,500,000
  • Zoning RU-3
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Thank you for your interest in 3236 MILLINGTON RD, Memphis, TN 38127. We are reviewing your request and will be in touch shortly!
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Ware Jones Realtors

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Contact Details

Ware Jones Realtors

Phone

(901) 450-4011

Email

[email protected]

Address

556 Colonial Rd Memphis, TN 38117

Submit a Message

By providing your contact information to Ware Jones, your personal information will be processed in accordance with Ware Jones's Privacy Policy. By checking the box(es) below, you consent to receive communications regarding your real estate inquiries and related marketing and promotional updates in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. You may opt out of receiving further communications from Ware Jones at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe.

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