Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 21 Diana Street Apartments, a 16-unit apartment complex in the heart of Midtown Memphis. The property is a one-building, two-story structure built in 1965 and partially renovated in 2021. It sits on .57 acres adjacent to the highly sought after Overton Square area. The exterior of the building is made of brick and has been recently painted in a neutral gray with teal accents. The landscaping around the building is well-maintained with mature trees and shrubs. The interior of the building has been partially renovated with modern amenities including new paint, bathroom tile & cabinet, new luxury vinyl tile flooring and a fully renovated kitchen. Each unit has its own heating and cooling system for individual climate control. The building also features washers and dryers in select units for tenant convenience. This property is an excellent investment opportunity for any investor looking for a value-add opportunity. While some units have been renovated, there is plenty of room for an investor to continue the renovations and earn up to $400 in rent premiums.