This Multifamily Property is no longer advertised on LoopNet.com.

3896 Lamar Ave
Memphis, TN 38118

Multifamily Property For Sale · 145 Units

INVESTMENT HIGHLIGHTS

  • 4-story extended stay hotel with 145 rooms
  • Spacious parking area allowing for addition of exterior amenities
  • Potential multifamily conversion opportunity
  • Large 4-acre parcel on corner of high traffic intersection
  • Well positioned near I-240 and just miles from the Memphis International Airport

PROPERTY FACTS

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 4
Year Built/Renovated 1972/2018
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
  • Listing ID: 28046822

  • Date on Market: 3/23/2023

  • Last Updated:

  • Address: 3896 Lamar Ave, Memphis, TN 38118