1222 Aubra Rd - Apartments FOR SALE


Memphis, TN 38111- Audubon Park
$3,394,000 USD
901-761-4444
1222 Aubra Rd, Memphis, TN for Sale
$3,394,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

1222 Aubra Rd
Memphis, TN 38111
Audubon Park


HIGHLIGHTS

  • Newly Renovated
  • Security gate along with privacy fence around entire property with phone activated security gates.
  • 100% occupied

OVERVIEW

Multifamily • 34 Units • Completely renovated from top to bottom.? Sellers took it down to the studs replacing all plumbing, electrical, HVAC, including duct work, insulation, new roofs on all buildings, high privacy fence around the entire property, granite counter tops, stainless steel appliances, laminate flooring, new bathtubs, new railing, phone activated security gates and security cameras. I was there most weeks during the 18 month rehab and saw where no corners were cu.t For example, each building has a six inch drain going to the sewer when code calls for four. Leasing office and laundry room on site. Located just a couple miles from the University of Memphis the could easily be turned into student housing. The sellers were able to lease the entire complex within a couple months of the renovation being complete.

FOR SALE DETAILS

PRICE

$3,394,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

34

PRICE/UNIT

$99,824

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hilltop Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

65

LAND DETAILS

LAND ACRES

2.28 AC

LAND SF

99,317 SF

ZONING

RU-3

APN/PARCEL ID

05-9056-0-0027

ASK ABOUT THIS PROPERTY

Jerry CouloubaritsisMid-South Realty, Inc.More Info
901-761-4444

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Jerry CouloubaritsisMid-South Realty, Inc.More Info
901-761-4444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.