130 Madison Ave
Memphis, TN 38103
Exchange Building · Multifamily Property For Sale
·
200 Units
PROPERTY FACTS
| No. Units | 200 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 217,244 SF |
| No. Stories | 19 |
| Year Built/Renovated | 1910/2014 |
| Zoning | CBD |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Ice Maker
- Refrigerator
- Sprinkler System
- Range
- Tub/Shower
- Views
- Wi-Fi
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
ABOUT 130 MADISON AVE , MEMPHIS, TN 38103
Current Owners said SELL NOW!!!!!!! Looking at serious cash offers that can close within 60 days. The Exchange Building was built in 1910 making it 108 years old! It originally housed the Memphis Cotton Exchange, one of the Mid-South's busiest trade centers, but was also occupied by other tenants including doctors, dentists, and attorneys. It is 20 stories tall and was the tallest building in the city when it was constructed! Today, the Exchange is used as a mixed-use building offering 100 apartments (1BR, 2BR, 3BR, & 4BR) & 100 fully furnished short-term rentals (Airbnb Friendly Building Program participant) with amazing views of the city!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 131 | - | 500 - 639 |
| 2+1 | 67 | - | 680 - 763 |
| 3+2 | 2 | - | 2,900 |
| 4+2 | 2 | - | 2,600 |
PROPERTY TAXES
| Parcel Number | 00-2016-0-0003 | Improvements Assessment | $1,829,760 |
| Land Assessment | $194,280 | Total Assessment | $2,024,040 |
