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3251 Old Getwell Rd, Memphis, TN 38118

$2,600,000
Property Back to Market Report Property
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Sold Price
$2,600,000
List Price
$3,350,000
Closing Date
Nov 12, 2025
MLS#
10192160
Property Type
Multifamily
Lot Size
253.675 X 311.235 IRR
Status
CLOSED
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Property Description

This 48-unit property is a value add opportunity located near East Memphis. There are 43-3/BR units and 5-2/BR units. The scheduled monthly income is 45509 per month at full occupancy. 12 units are remaining to be rehabbed. Drive by only. Please do not disturb residents.

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Additional Information

Actual Annual Rent
360431
Annual City Tax
1572
Annual County Tax
1668
Annual Insurance Expense
29995
Construction
Brick/Veneer
Foundation
Slab
Hot Water
Electrical, Public Water, Public Sewer
Legal Subdivision
Brook Hollow Commercial
Lot
1
Lot Size
253.675 X 311.235 IRR
New Financing
Conventional
Occupancy
66
Parking Facility
Asphalt/Blacktop
Roof
Shingle/Shake, Pitched
Subdivision
BROOK HOLLOW COMMERCIAL
Subtype
Apartment Complex
Tenant Pays
Some Utilities
Year Built
1973
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Listing courtesy of Crye-Leike Commercial. Selling Office: Crye-Leike Commercial.

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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.