3081 ST CHARLES AVE, Memphis TN, 38127

Active

3081 ST CHARLES AVE

Memphis TN, 38127

$5,200,000

Active

96 Beds

Multi-family

Built in 1968

We are pleased to present Whitney Manor Apartments, a premier value-add investment opportunity comprising 96 units. Currently, approximately 70 of these units have been fully renovated, with the property operating at about 52% occupancy. Upon completion of the remaining renovations, we anticipate a swift lease-up period that will significantly enhance rental income, thereby maximizing investor returns. This is an incredible opportunity to invest in a property with solid fundamentals and substantial upside potential.

10191309

MLSⓇ ID

March 5, 2025

Updated

Interior Features

Bedrooms: 96
Interior Features: Other (See Remarks)
Laundry Description: Connections
Fireplace: No
Cooling: Yes
Cooling Description: Central
Heating: Yes
Heating Description: Central

Exterior/Building Features

Roof: Shingle/Shake

Other Property Details

Area Name: Frayser/Whitney
Days on Market: 2
Garage: No
Parking: Asphalt/Blacktop
View: No
County: Shelby
Pool: No

Listed by Curtis Braden with Braden, Braden & Braden LLC
Listing Contact: 901-301-3691

The IDX display contains information sourced from the Memphis Area Association of REALTORS^® as of 3/5/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 3/5/2025 at 11:17 PM UTC