U of M Infill Opportunity

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30025587
Property Subtypes: Low-Rise/Garden, Student Housing
Status: Pending/Contingent
Number of Units: 2 Units
Building Size (RSF): 3,559 SF
Gross Building Area: See Agent
Gross Land Area: 0.51 Acres
Sale Price: $808,585
Unit Price: $404,292.50 Per Unit
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/27/2018

Overview / Comments

CRYE-LEIKE COMMERCIAL is pleased to present this unique infill opportunity in the University of Memphis overlay district. The offering includes two adjoining parcels, each approximately 50 x 222 +/-. This is a prime opportunity for a compact, multi-story student housing redevelopment. This immediate area has seen a surge of student housing answering increased demands of U of M students looking for on-campus options. This offering includes 3555 Midland and 3561 Midland.

Additional Details

Nearest MSA: Memphis
County: Shelby
Tax ID/APN: 046005 00005 
Total Number of Buildings: 2
Property Condition: Average
Year Built: 1921

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,806 128,456 295,153
Median Age: 29.04 34.8 34.67
Households: 5,575 52,860 117,639
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.