3896 Lamar Ave | Memphis, TN 38118
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This Multifamily Property is no longer advertised on LoopNet.com.
3896 Lamar Ave
Memphis, TN 38118
Multifamily Property For Sale · 145 Units
Investment Highlights
- • Prime multifamily conversion of existing 4-story extended stay hotel with 145 rooms
- • Large lit pylon sign
- • Well positioned near I-240 and just miles from the Memphis International Airport
- • Large 4-acre parcel on corner of high traffic intersection
- • Spacious parking area allowing for addition of exterior amenities
PROPERTY FACTS
No. Units | 145 | Building Size | 134,874 SF |
Property Type | Multifamily | Average Occupancy | 89% |
Property Subtype | Apartment | No. Stories | 3 |
Apartment Style | Low Rise | Year Built/Renovated | 1972/2016 |
Building Class | C | Parking Ratio | 1.09/1,000 SF |
Lot Size | 4.87 AC |
No. Units | 145 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 4.87 AC |
Building Size | 134,874 SF |
Average Occupancy | 89% |
No. Stories | 3 |
Year Built/Renovated | 1972/2016 |
Parking Ratio | 1.09/1,000 SF |
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
Studios | 145 | - | 300 |
zoning
Zoning Code | CMU-3 |
CMU-3 |
Learn More About Investing in Apartment Buildings
Listing ID: 27045093
Date on Market: 11/4/2022
Last Updated:
Address: 3896 Lamar Ave, Memphis, TN 38118
The Multifamily Property at 3896 Lamar Ave, Memphis, TN 38118 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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