1775 Madison Ave

To register and bid on this proeprty please visit: Commercial Property | 1775-1779 Madison Ave, Memphis, TN 38104 | Building Details | Hubzu

Well-located multifamily asset in the heart of Midtown Memphis, one of the city's most vibrant and desirable rental submarkets. Situated along the highly trafficked Madison Avenue corridor, the property consists of 16 one bedroom, one bathroom units that cater to a strong and consistent tenant base driven by the area's walkability, employment centers, and lifestyle appeal. Units were updated from 2016-2020 with updates electrical, HVAC and plumbing. The asset offers investors stable in place income with additional upside through interior improvements and continued rent growth, making it an attractive value-add opportunity. The property's prime Midtown location places residents within immediate proximity to Overton Square, Memphis' premier entertainment and cultural hub known for its restaurants, live music venues, theaters, and nightlife. This highly sought-after district continues to attract young professionals and long-term renters seeking an urban, walkable lifestyle. In addition, the property is just minutes from Downtown Memphis.

Residents also benefit from close access to Overton Park, one of Memphis' most iconic green spaces, home to the Memphis Zoo, Brooks Museum of Art, and miles of outdoor recreation. Midtown Memphis is widely recognized for its historic charm, strong sense of community, and enduring demand for well-located housing, making it one of the most resilient and sought-after rental markets in the region. Its combination of a prime location, stable unit mix, and value add potential, 1775-1779 Madison Avenue offers investors the opportunity to capitalize on both immediate cash flow and long-term appreciationThe property's strong NOI affords an investor to upgrade units with updated interiors and push for rent growth as current unit rents are below market.