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3236 MILLINGTON RD, Memphis, TN 38127

Memphis
Local realty services provided by:CENTURY 21 Home First Realtors
3236 MILLINGTON RD,Memphis, TN 38127
$5,500,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jordan schieffler
Office: ware jones, realtors
MLS#:10225795
Source:TN_MAAR

Price summary

  • Price:$5,500,000

About this home

Welcome to Urban Bayou Apartments! By far the nicest complex in this fast developing area. Immediate Cash Flow, turn key, garden style apartment complex. 76 units, 16 1 bedroom and 60 2 bedroom with a total of 10 buildings including a laundry facility and maintenance building. 1st floor units have tile flooring/2nd floor units have LVP. Currently 66 of the units are rented - fully rented potential is $61K monthly. On site office/property manager! Major upgrades in 2019 including new roof, HVAC, electrical, plumbing plus a total rehab of each unit. Recently HWH have been upgraded to tankless. Laundry facility is currently not in use but all owned equipment so it would profit $800 - 1500 per month. This is an incredible opportunity to invest in a turn key property but with room for improvements to boost its profitability even more.

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Home facts

  • Year built:1964
  • Subdivision & Development:CRUTCHFIELD
  • Listing ID #:10225795
  • Added:44 day(s) ago
  • Updated:August 24, 2026 at 11:04 AM

Rooms and interior

  • Flooring:Tile, Vinyl Floor
  • Basement Description:Laundry Facility

Heating and cooling

  • Cooling:Central, Individual Cooling
  • Heating:Central

Structure and exterior

  • Roof:Flat, Roll
  • Year built:1964
  • Foundation Description:Slab
  • Levels:2 Story

Finances and disclosures

  • Price:$5,500,000
  • Tax amount:$55,451
Listing content and images Copyright© 2026 Memphis Area Association of REALTORS®. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it. TN_MAAR Member Broker: Connie Farina

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