The Washburn
56-62 S Main St. Memphis TN 38103
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The Offering
*Principals Only*
The Washburn Apartments [42 Units]
$5,125,000 - $122,000/Unit
Estimated cost if built new today, $200,000 per unit.
AVAILABLE INDIVIDUALLY or as part of
The 3-Asset Class A- Multifamily Portfolio I 93 Units
Featured under “View Properties” Tab on Home Page and includes:
The Printer’s Alley & Annex Lofts [51 Units] $5,750,000 or $113,000/Unit [Sold Together]
PORTFOLIO INVESTMENT HIGHLIGHTS
Attractive Basis - $80,000 per Unit Below Replacement Cost
No Heavy Lifting - Contemporary Loft Residences with Modern Urban Finishes in Well-maintained Condition. Competitively positioned in Market.
Untapped Potential via Operational Improvements, Amenity, and Technology Upgrades aimed at Reducing Vacancy
Fantastic Workforce Location – Surrounded By Region’s Largest Employers
Unique Opportunity To Obtain Immediate Scale with 121 Units
Offered Free & Clear of Existing Debt
LOCATION HIGHLIGHTS
Lifestyle Location - Downtown Memphis convenience in a Live Work Play environment convenient to the city’s premier employment anchors.
Battery Belt and AI Tech Hub – Recent advanced manufacturing and high-tech AI projects within 45 minutes of Memphis have eclipsed $13 billion in investment, and are projected to add 9,000 direct jobs to the MSA. These capital investments involve corporate giants including Ford Motor, Musk Companies, Daimler Truck among others.
OFFERING PROCEDURE
Offers may be submitted along with Proof of Funds and a Resume at any point during the marketing process. A deadline for offers may be established at a later date.
5865 Ridgeway Center Pkwy Ste 300, Memphis, TN 38120
Phone 901-767-1998
TN Company License #256220
MS Company License #C-21186