Buy&Hold: MEMPHIS TN | 537 UNITS | 4 PROPERTIES + $21,400,000
- Promise Land Realty
- Aug 16
- 4 min read
Updated: Aug 21
Investment Oppurtunity
OFF-MARKET MULTIFAMILY PORTFOLIO – MEMPHIS, TN
Promiseland Realty LLC is pleased to present an exceptional off-market opportunity to acquire a stabilized 537-unit multifamily portfolio across four properties in Memphis, Tennessee. This offering provides immediate scale in a strong cash-flowing market with professional property management in place and a double-digit capitalization rate.
Properties Financial & Photos:
Asking Price: $21,400,000 + 3% Buyer Fee
NOI: $2,076,000
Cap Rate: 10.8%
Financing: No Seller Financing
Occupancy: High / Stabilized
Portfolio Overview
Longview Gardens – 1726 South Orleans St, Memphis, TN 38106 | 105 Units | Built 1950
Barron Court – 1175 Barron Court, Memphis, TN 38114 | 84 Units | Built 1973
Longview Heights – 1952 Philsar St, Memphis, TN 38106 | 160 Units | Built 1950
El Dorado – 2743 Ketchum Road, Memphis, TN 38114 | 188 Units | Built 1973
Investment Highlights
Immediate Scale – 537 total units across four communities in central Memphis.
Strong Cash Flow – Portfolio producing over $2M NOI, offered at a 10.8% cap rate.
Operational Stability – Property management in place with high occupancy across assets.
Proven Rental Demand – Memphis benefits from durable renter demand, affordable housing fundamentals, and consistent occupancy.
Attractive Basis – Portfolio priced to deliver double-digit returns in a market with ongoing investor demand.
Note: Offers of $17.5M have already been rejected. Seller is targeting $21.4M.
Submit all offers directly to:investments@promiselandrealtyllc.com
Property Map
Inquiries & Offers: Promiseland Realty LLC – International Off-Market Division
TEAM PROMISELAND DISCLAIMER: No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
A $250 non-refundable Reservation Fee is required from all interested parties prior to contract execution. This fee secures priority positioning, covers consulting and processing costs, and confirms buyer intent. Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors & Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
OFFICIAL PROMISELAND LENDING PARTNER
100% Financing for Rehab Projects
Powered by Residential Capital Partners
ResCap is a direct private lender offering zero-money-down loan options for 1-4 unit residential investment flips & rentals across the U.S.
🔹 100% Financing – Covers purchase + rehab
🔹 Fast Closings – ~10 days
🔹 Credit Requirements – 620+ FICO (Rehab), 660+ FICO (DSCR)
🔹 Loan Size – $75K–$1.25M
🔹 Rates – 10.9%–11.9% | 2–3% origination | 1st lien
🔹 Serviced In-House | Virtual Inspections | No Owner-Occ or Rural Props
Nationwide Coverage (Excludes: AK, AZ, NV, PA)
Proof of Funds Available
This listing is proudly sponsored by Residential Capital Partners – trusted lending for the nation’s best flippers.
For more info email sarter@promiselandrealtyllc.com or text (864) 762-2509
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PROMISE LAND REALTY LLC
Work: 864-762-2509
Trusted by 50,000+ Investors. Featured on BiggerPockets:
PROMISELAND DISCLAIMER:
Promiseland Realty LLC is a nationwide real estate consulting firm specializing in off-market investment opportunities, strategic acquisitions, and real estate advisory services.
No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
A $1,000 non-refundable Commitment Fee is required from all interested parties prior to contract execution. This fee secures priority positioning, covers consulting and processing costs, and confirms buyer intent. Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of an accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors and Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
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