The Bonsai at Central Gardens — Sale in Memphis, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Memphis, TN 38104

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Description

Newmark Memphis Multifamily is pleased to present The Bonsai at Central Gardens, a vintage 160-unit apartment community located in the popular Midtown submarket of Memphis. High demand for this submarket, along with the scarcity of available multifamily sites, has kept occupancies at 95%+. From 2022 to 2024, current ownership invested $8.2 million in capital improvements, including renovating all unit interiors, as well as the property’s common areas.

Market Context

This commercial property in Memphis, TN is listed for sale. Compare it against other commercial property listings for sale in Memphis, TN — view the full market.

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