MEMPHIS-Collierville-based Parkview Memphis Apartments LP has acquired a multifamily property in Northeast Memphis. The company has bought the Abington Apartments for $2.55 million from Los Angeles-based City National Bank.
The sales price breaks down to about $6,640 per unit. The 355,968-square-foot property includes two-story buildings with 384 apartment units. The complex, constructed in 1974, sits on a 22.6-acre land on the south side of Raleigh LaGrange Road and the east side of the I-40/Jackson Avenue junction. For the full story, go to Memphis Business Journal .
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