1935-1943 Lamar Ave, Memphis, TN 38114
- $3,200,000
- List Price
- $3,200,000
- MLS#
- 10233497
- Property Type
- Multifamily
- Lot Size
- 100/121.47 X 266/336
- Status
- ACTIVE
Property Description
Garden Court Apartments offer scale, location, and immediate cash flow with a clear roadmap to multiply current net revenue. Operating 32 units across 1.23 acres provides a formidable footprint in a corridor experiencing intense revitalization. The true prize lies in peace of mind: major foundation, plumbing, and electrical updates were completed under current ownership. A proven hybrid operation of short- and long-term rentals gives an investor the option to maximize either business models, capturing an unparalleled upside!
Additional Information
- Actual Annual Rent
- 234840
- Annual City Tax
- 5926
- Annual County Tax
- 6205
- Annual Insurance Expense
- 15987
- Construction
- Brick
- Foundation
- Conventional/Crawl Space, Laundry Facility, Storage Area
- Hot Water
- Electrical
- Legal Subdivision
- Edgewood Manor
- Lot
- 169-170
- Lot Size
- 100/121.47 X 266/336
- New Financing
- Other (Call LA)
- Parking Facility
- Asphalt/Blacktop
- Roof
- Shingle/Shake
- Subdivision
- EDGEWOOD MANOR
- Subtype
- Apartment Complex
- Tenant Pays
- Other (Call LA)
- Year Built
- 1933
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Listing courtesy of Braden, Braden & Braden LLC.
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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.