Immediate CASH FLOW, turn-key, APARMENT COMPLEX, a great investment opportunity. Bayou Square Apartments, comprised of 76 units. Over 90% occupancy. Incredible ROI and Cap rate. Laundry facility is brand new and a total of 10 buildings. 76 units 16 1/1 and 60 2/1. Newest and nicest in the area, new roof, HVAC, electrical, Plumbing, electric water heater and so much more. Do not miss this opportunity to secure this piece of PRIME commercial real estate.
Sold for $4,560,000
$4,560,000
3236 Millington Rd, Memphis, TN 38127
1beds
0baths
6,606sqft
MultiFamily
Built in 1964
-- sqft lot
$-- Zestimate®
$690/sqft
$799 Estimated rent
Home value
Not available
Estimated sales range
Not available
$799/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 0
Heating
- Forced air
Cooling
- Central
Appliances
- Included: Refrigerator
Interior area
- Total interior livable area: 6,606 sqft
Property
Features
- Exterior features: Brick
Lot
- Size: 4.71 Acres
Details
- Parcel number: 06903300014C
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood
Condition
- Year built: 1964
Community & neighborhood
Location
- Region: Memphis
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2023 | Sold | $4,560,000-8.8%$690/sqft |
Source: Public Record Report a problem | ||
| 3/25/2023 | Listing removed | -- |
Source: BHHS broker feed Report a problem | ||
| 1/7/2023 | Price change | $5,000,000-12.3%$757/sqft |
Source:  MAAR #10138998 Report a problem | ||
| 10/31/2022 | Listed for sale | $5,700,000-12.3%$863/sqft |
Source: MAAR #10136726 Report a problem | ||
| 9/1/2022 | Listing removed | -- |
Source: BHHS broker feed Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $55,451 -23.2% | $1,052,040 -4.1% |
| 2024 | $72,231 +8.1% | $1,096,840 |
| 2023 | $66,816 | $1,096,840 |
Find assessor info on the county website
Neighborhood: Shelby Forest-Frayser
Nearby schools
GreatSchools rating
- 4/10Westside Elementary SchoolGrades: PK-5Distance: 0.6 mi
- NAWestside Achievement Middle SchoolGrades: 7-8Distance: 0.6 mi
- 5/10Memphis Business Academy High SchoolGrades: 9-12Distance: 1.9 mi