Property Description

Rare opportunity to acquire a 28-unit, fully leased multi family condominium portfolio in the heart of Memphis' University District. Located just steps from the University of Memphis and the Blue Line Shuttle, Imperial Arms offers immediate cash flow with approximately $10,000 in net monthly income and immediate growth potential. This majority ownership opportunity combines stable occupancy with long-term upside through strategic lease management and future rental increases, making it an attractive investment for both seasoned and growing multifamily investors. DO NOT DISTURB TENANTS

Investment Highlights

• 28-unit multifamily condominium portfolio


• 100% occupied with all units leased


• Approx. $10,000 net monthly income with rental increase potential


• 5.4% cap rate with immediate growth potential


• Majority ownership opportunity within Imperial Arms


• Walkable to the University of Memphis


• Blue Line Shuttle stop at the property


• Value-add opportunity through future lease renewals and rent optimization


• HOA covers owner's insurance and grounds maintenance


• Roof replaced approximately 6 years ago with transferrable warranty


• Unit mix: 25 - two-bedroom/1 bath | 2 three-bedroom/2 baths | 1 one-bedroom/1 bath


• Taxes & sq ftg represent Unit #1 in the 3636 Bldg.


• 3636 Bldg includes 15 units, 3640 Bldg includes 4 units & 3646 Bldg includes 9 units

100% OCCUPIED

28 UNITS

$10,000 NET MONTHLY INCOME

5.4% CAP RATE WITH IMMEDIATE GROWTH POTENTIAL

Investment Location Highlights

• Walkable to University of Memphis


• Blue Line Shuttle stop at the property


• Located in the University District


• Strong student and workforce rental demand

Nearby Amenities

• Highland Strip dining & shopping


• Southern Avenue corridor


• Campus athletic facilities


• Easy access to Midtown & East Memphis

Property Features