$3,350,000
PENDING

3251 Old Getwell Rd Memphis, TN 38118

Parkway Village Neighborhood

Estimated payment $21,042/month

Total Views 4,034
139 Beds
-- Bath
56,144 Sq Ft
$60 Price per Sq Ft

Highlights

  • 3.97 Acre Lot
  • Central Heating and Cooling System
  • Vinyl Flooring

About This Home

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.

Listing Agent

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 03/17/2025

Crye-Leike Commercial

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1973

Lot Details

  • 3.97 Acre Lot

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • 56,144 Sq Ft Home
  • Vinyl Flooring

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 073029 00006

Community Details

Overview

  • 8 Buildings
  • 48 Units
  • Brook Hollow Commercial Subdivision

Building Details

  • Insurance Expense $29,995
  • Utility Expense $18,648
  • Operating Expense $161,784

Property Details

Home Type

Apartment

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MLS Map #: 771A
  • MAAR Subdivision Name: BROOK HOLLOW COMMERCIAL
  • Freestanding: Yes
  • Price Per Sq Ft: 843828.72
  • Estimated Sq Ft: 56144
  • Year Built: 1973
  • Construction: Brick/Veneer
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Floors/Ceilings: Vinyl Floor

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake, Pitched

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Electrical, Public Water, Public Sewer
  • Cooling Systems: Central, Electrial
  • Heating Systems: Central, Electrical

Lot Info

  • Lot Number: 1
  • Acreage: 3.97
  • Lot Size: 253.675 X 311.235 IRR
  • Price Per Acre: 843829
  • Improved Sq Ft: 56144
  • Land Sq Ft: 172933
  • Geo Subdivision: TN

Rental Info

  • Actual Annual Rent: 360431
  • Leaseable Sq Ft: 56144
  • Tenant Pays: Some Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 073029 00006

Multi Family

  • Perc Occ: 66
  • Total Number Of Units: 48
  • Number2 Bedroom Units: 5
  • Number3 Bedroom Units: 43
  • Type of Unit: 2 BR - 1 Bath, 3 BR - 1 Bath

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2025 04/29/25 Pending -- -- --
03/17/2025 03/17/25 For Sale $3,350,000 -- $60 / Sq Ft
Source: Memphis Area Association of REALTORS®

Source: Memphis Area Association of REALTORS®

MLS Number: 10192160

Memphis Area Association of REALTORS®
Tennessee Shelby County Memphis 38118 Parkway Village

3251 Old Getwell Rd, Memphis, TN

This home is located at 3251 Old Getwell Rd, Memphis, TN 38118 and is currently priced at $3,350,000, approximately $59 per square foot. This property was built in 1973. 3251 Old Getwell Rd is a home located in Shelby County with nearby schools including Getwell Elementary School, American Way Middle School, and Sheffield High School.

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Jeffrey Moore
Listing Agent
Jeffrey Moore
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Crye-Leike Commercial
(901) 665-2356