Available separately or as part of a portfolio

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. 

Location Map

Listing Agent

Lea Heilig

Lea Heilig

Woodyard Realty Corp.
901-767.1998