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340 S Parkway Blvd

Memphis, TN 38106
  • $499,900
  • STATUS: Active
  • ON SITE: 9 Days
  • MLS #: 10189374
$499,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Description

Lender says sale! This foreclosure property offers is a great and unique opportunity for redevelopment. This site features a two building, 36 unit garden style apartment. All units are 2/1s. Property needs repairs but could be worth a lot of money once fixed up. The property is anchored by nearby school to boost your tenant demand. This is an excellent value add opportunity. Property sits on multiple parcels totaling over 2.5 acres. Completely vacant. Boarded up. Market rents should be $700 - $950 per unit, depending on tenant situation and exact unit set up. Do not enter property without permission.

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© 2025 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gowen Property Group | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-02-14T00:03:13.33.
www.gowenpropertygroup.com/homes/160017101
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340 S Parkway Blvd Memphis, TN 38106

  • Price: $499,900
  • Status: Active
  • On Site: 9 Days
  • MLS #: 10189374
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1948
Built
Neighborhood:
Parkway Gardens
County:
Shelby
Area:
South Memphis/61 Hwy
Property Description
Lender says sale! This foreclosure property offers is a great and unique opportunity for redevelopment. This site features a two building, 36 unit garden style apartment. All units are 2/1s. Property needs repairs but could be worth a lot of money once fixed up. The property is anchored by nearby school to boost your tenant demand. This is an excellent value add opportunity. Property sits on multiple parcels totaling over 2.5 acres. Completely vacant. Boarded up. Market rents should be $700 - $950 per unit, depending on tenant situation and exact unit set up. Do not enter property without permission.
Exterior Features

Buildings 2 Construction BrickBrick/Veneer Foundation Slab Lot Size 0.723AC 180X175 Parking Facility Asphalt/Blacktop Roof Shingle/Shake

Interior Features

Cooling Systems Other (See Remarks) Floors And Ceilings Partial Carpet Heating Systems Other (See Remarks) Hot Water Other (See REMARKS) Laundry None

Property Features

1 Bedroom Units 0 2 Bedroom Units 36 3 Bedroom Units 0 Annual City Tax 1859 Annual County Tax 2332 Assumption Other (Call LA) Efficiency Studio Units 0 Existing Financing Other (See REMARKS) Legal Subdivision Name PARKWAY GARDENS INC Lot Number 1 Multifamily Type Flat/Garden Units New Financing Other (Call LA) Operating Expenses Other (Call LA) Other Units 0 Possession Negotiable Sale Includes Building and Land Source Of Info Owner Tenant Pays Other (Call LA) Type Of Leases None Type Of Units 2 BR - 1 Bath

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike, Inc., REALTORS: 901-756-8900.



© 2025 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gowen Property Group | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-02-14T00:03:13.33.
 
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