Memphis, Tennessee, December 13, 2025
A 48-unit multifamily property known as Anchor Blu in Shelby County, Memphis, has been sold in a distressed sale for $2.6 million. The buyer, Moku Real Estate Partnership, finalized the purchase through Island Home on December 12, 2025. The sale reflects ongoing financial challenges within the local real estate market, particularly for distressed assets. Stakeholders are keenly observing such trends to gauge market stability and future investment opportunities.
Memphis, Tennessee: 48-Unit Multifamily Property Sold in Distressed Sale
Memphis, Tennessee โ A 48-unit multifamily property in Shelby County, known as Anchor Blu, has been sold in a distressed sale for $2.6 million, approximately $54,170 per unit. The buyer, Moku Real Estate Partnership, acquired the property through Island Home.
Details of the Sale
The sale of Anchor Blu, located at 3251 Old Getwell Rd, Memphis, TN, was finalized on December 12, 2025. The transaction was facilitated by Momentum Business Solutions, the seller of the property.
Background Information
Anchor Blu is a multifamily property situated in Shelby County, Tennessee. The sale was conducted under distressed conditions, indicating financial challenges faced by the seller.
Recent Market Activity in Memphis
This transaction is part of a broader trend in the Memphis real estate market, where distressed sales have been occurring. For instance, in November 2025, a 31-unit multifamily property in Washington, D.C., was sold through a Chapter 11 bankruptcy process.
Implications for the Memphis Real Estate Market
The sale of Anchor Blu reflects ongoing challenges in the Memphis multifamily sector, particularly concerning distressed assets. Investors and stakeholders are closely monitoring such transactions to assess market stability and potential investment opportunities. This trend highlights the importance of understanding market cycles and creating resilient strategies for future investments.
Conclusion
The distressed sale of Anchor Blu in Memphis highlights the complexities within the local real estate market. Stakeholders are advised to stay informed about such developments to make strategic investment decisions. As local entrepreneurs and small businesses continue to navigate these waters, the need for a supportive environment remains evident for fostering economic resilience.
FAQ
- What is the location of the property sold?
- The property, known as Anchor Blu, is located at 3251 Old Getwell Rd, Memphis, TN.
- Who purchased the property?
- The buyer is Moku Real Estate Partnership, which acquired the property through Island Home.
- What was the sale price of the property?
- The property was sold for $2.6 million, approximately $54,170 per unit.
- When was the sale finalized?
- The sale was finalized on December 12, 2025.
- What does this sale indicate about the Memphis real estate market?
- The sale reflects ongoing challenges in the Memphis multifamily sector, particularly concerning distressed assets. Investors and stakeholders are closely monitoring such transactions to assess market stability and potential investment opportunities.
Key Features of the Property Sale
| Feature | Details |
|---|---|
| Property Name | Anchor Blu |
| Location | 3251 Old Getwell Rd, Memphis, TN |
| Number of Units | 48 |
| Sale Price | $2.6 million |
| Price per Unit | Approximately $54,170 |
| Buyer | Moku Real Estate Partnership |
| Acquisition Method | Through Island Home |
| Sale Finalization Date | December 12, 2025 |
Deeper Dive: News & Info About This Topic
HERE Resources
Memphis Housing Market Faces Decline in Sales Despite Rising Prices
Significant Development Property in Downtown Memphis Now Available for Sale
Author: STAFF HERE MEMPHIS WRITER
The MEMPHIS STAFF WRITER represents the experienced team at HEREMemphis.com, your go-to source for actionable local news and information in Memphis, Shelby County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the areaโwith deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Beale Street Music Festival, Elvis Week, and Memphis in May International Festival. Our coverage extends to key organizations like the Greater Memphis Chamber and the Memphis Convention & Visitors Bureau, plus leading businesses in logistics, healthcare, and music that power the local economy such as FedEx, St. Jude Children's Research Hospital, and AutoZone. As part of the broader HERE network, including HEREBristol.com, HEREChattanooga.com, HEREKnoxville.com, and HERENashville.com, we provide comprehensive, credible insights into Tennessee's dynamic landscape.
