SOLD AS A PORTFOLIO ONLY

Overton Gardens Midtown Multifamily Portfolio

Memphis, TN 38104

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The Offering

Summary

Listing Price for Portfolio $7,320,000
Total number of units 68
Price Per Unit $107,647
1985 & 1989 Madison Ave. 24 2-Bedroom/1 Bath units
2150 & 2153 Washington Ave. 12 2-Bedroom/2 Bath units
2151-2155 Poplar Ave. 32 1- & 2-Bedroom/1 Bath units

Overton Gardens Apartments features historically cool two-story garden style buildings with 68 one- and two-bedroom units, with classic 1920’s architecture. Ideally situated in the heart of Midtown, the properties are within walking distance of the vibrant Overton Square, home to Memphis Ballet, Theater Memphis, and a diverse array of restaurants and live music venues. Residents also enjoy easy access to Overton Park, offering golf, scenic walking trails, and concerts at the historic Overton Park Shell.

Beyond its prime location for entertainment and recreation, Overton Gardens is strategically positioned near major employment hubs, with over 112,000 white-collar jobs in the vicinity. The property is also close to key retailers such as Kroger, Home Depot, CVS, and Walgreens. Additionally, it lies just minutes west of more than $14 billion in hospital expansions, including groundbreaking projects at St. Jude Children’s Research Hospital and Regional One Health, which are set to create thousands of new jobs and further enhance the area’s economic growth.

Listing Agent

Steve Woodyard, CCIM

President

office 901.767.1998
mobile 901.277.7731

steve@woodyardrealty.com