For Auction
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Offering Summary
RealINSIGHT Marketplace, in partnership with Matthews Auction Services, is pleased to present Sunrise Terrace Apartments, a 112-unit multifamily asset located in the heart of Memphis, TN. Offered at a compelling cost basis, the property presents an immediate value-add opportunity, with current occupancy well below stabilized levels and average in-place rents trailing nearby comparables by a meaningful margin. Sunrise Terrace sits within Memphis' core logistics and transportation corridor, less than a mile from Memphis International Airport and minutes from FedEx's Global Hub, Nike, Amazon, and AutoZone's headquarters, employers that together anchor tens of thousands of direct jobs. That proximity, combined with the surrounding retail and grocery amenity base, positions the asset to capture strong renter demand as it stabilizes. Memphis' economy remains firmly rooted in logistics, manufacturing, and healthcare, supporting a resilient labor market and a positive outlook for rent growth. Future ownership stands to benefit from this robust local economy and the opportunity to acquire Sunrise Terrace at a heavily discounted basis relative to its lease-up potential.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
