High Point & Mendenhall Gardens
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High Point & Mendenhall Gardens
2 Multifamily Properties Offered at $16,700,000 in Memphis, TN
Executive Summary
SOLD AS A PORTFOLIO ONLY
High Point and Mendenhall Gardens Apartments are located near the highest income areas of Memphis and the Shelby Farms Greenline trail! Shelby Farms Greenline is a 10.65-mile paved, urban trail that connects pedestrians and cyclists in Midtown Memphis through Shelby Farms Park to Cordova. The Greenline is a rails-to-trails project that transformed an unused railroad line into one of Tennessee's favorite and green friendly trails.
High Point is adjacent to the Chickasaw Country Club and Golf Course and offers the opportunity for the astute investor to market the golf course location to upgrade the rents. Founded in 1922, Chickasaw Country Club is an exclusive classic southern golf club conveniently located in the heart of Memphis. Chickasaw offers 18 holes of golf on a newly renovated William Langford classically designed course, indoor and outdoor tennis, swimming, fitness, casual and fine dining, in a friendly social environment for its members.
Mendenhall Gardens' neighborhood is outstanding within one of the highest-income areas of East Memphis. The affluent clientele of the area makes the perfect prospects as the older affluent demographic will be scaling down to apartment living as the younger affluent renters move into the area. It is the best of both worlds.
High Point and Mendenhall Gardens Apartments are located near the highest income areas of Memphis and the Shelby Farms Greenline trail! Shelby Farms Greenline is a 10.65-mile paved, urban trail that connects pedestrians and cyclists in Midtown Memphis through Shelby Farms Park to Cordova. The Greenline is a rails-to-trails project that transformed an unused railroad line into one of Tennessee's favorite and green friendly trails.
High Point is adjacent to the Chickasaw Country Club and Golf Course and offers the opportunity for the astute investor to market the golf course location to upgrade the rents. Founded in 1922, Chickasaw Country Club is an exclusive classic southern golf club conveniently located in the heart of Memphis. Chickasaw offers 18 holes of golf on a newly renovated William Langford classically designed course, indoor and outdoor tennis, swimming, fitness, casual and fine dining, in a friendly social environment for its members.
Mendenhall Gardens' neighborhood is outstanding within one of the highest-income areas of East Memphis. The affluent clientele of the area makes the perfect prospects as the older affluent demographic will be scaling down to apartment living as the younger affluent renters move into the area. It is the best of both worlds.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $16,700,000 | Number of Properties | 2 |
| Price / SF | $82.58 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 202,220 SF |
| Status | Active | Total Land Area | 9.85 AC |
| Price | $16,700,000 |
| Price / SF | $82.58 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 202,220 SF |
| Total Land Area | 9.85 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
High Point
491 N Highland St, Memphis, TN 38122 |
Multifamily | 66,900 SF | 1964 | - |
|
Mendenhall Gardens Apartments
543 N Mendenhall Rd, Memphis, TN 38117 |
Multifamily | 135,320 SF | 1962 | - |
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Steve Woodyard -
Woodyard Realty Corporation
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