32 N Belvedere Blvd Unit #32-3, Memphis, TN 38104
- $1,568,000
- List Price
- $1,568,000
- MLS#
- 10219684
- Property Type
- Multifamily
- Lot Size
- 0
- Status
- ACTIVE
Property Description
Investment Opportunity in Midtown Memphis! Seller is selling 19 individual units (42 total bedrooms & 19 bathrooms). Properties are professionally managed and seller is interested in a bulk sale buyer to buy all 19 doors. Monthly current rent is $17,410 per monthly and each individual unit has a $160 per monthly HOA fee. There are five 3 bedroom units, thirteen 2 bedroom units, and 1 one bedroom unit at the properties. Units have been well maintained and only one unit is vacant as of April 2026. Seller continues to upgrade & repair existing inventory as needed. Three bedroom units are renting for as much as $1325 monthly and two bedrooms are renting for as much as $1200 monthly. This could be a great addition to your rental portfolio. Existing management company is in place and will gladly continue to manage. Units include parking and washer/dryer connections on site. Stabilized pro forma is attached and included! ONLINE VIDEO AVAILABLE UPON REQUEST.
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Additional Information
- Annual City Tax
- 597
- Annual County Tax
- 622
- Construction
- Brick/Veneer
- Foundation
- Other (See Remarks)
- Hot Water
- Public Sewer, Public Water
- Legal Subdivision
- Belvedere Gardens
- Lot Size
- 0
- New Financing
- Conventional
- Parking Facility
- Concrete
- Roof
- Built-Up, Flat
- Stories
- 1
- Subdivision
- BELVEDERE GARDENS
- Subtype
- Other (See REMARKS)
- Tenant Pays
- Some Utilities
- Unit Number
- 32-3
- Year Built
- 1962
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Listing courtesy of Crye-Leike, Inc., REALTORS.
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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.