Adams Plaza

Braden Braden & Braden LLC is excited to bring this unique value added property to the hot Memphis Market. Adams plaza is perfectly suited for the investor that understands the Memphis area and the opportunity of solid properties that are priced below market rents. The market rates can potentially be doubled with proper improvements and upgrades. This is a rare opportunity in an extremely competitive market. This deal is comprised of a 30 unit complex in the heart of the Medical District. According to the census ACS the Memphis median rental rate for the average one bedroom units in Memphis is $984.

The Victorian Village is a historic district of 19th century mansions and amazing architecture. Fortunately Adams Plaza is located in the center of this area and the Memphis Medical District. Location is everything and there is no better local than Adams Street located minutes from downtown Memphis and walking distance to the Medical District. There are over 30,000 students and employees in the area and 10,000 residents alone. The construction boom is taking place at UT Health Center, St Jude Children's Hospital, The VA Hospital, LeBonheur Children's Hospital and Methodist University. Also the Daily Memphian has reported a $56 million mixed-used development project in its February 2021 issue.