1520 Whitney Ave - Apartments FOR SALE


Memphis, TN 38127- Frayser
$3,650,000 USD
901-620-3633
1520 Whitney Ave, Memphis, TN for Sale
$3,650,000 USD
Apartments - FOR SALE
1/56
null | Request Cap Rate

1520 Whitney Ave
Memphis, TN 38127
Frayser


OVERVIEW

Current ownership has invested millions in property improvements. Renovations include: 3 new roofs, 75 new AC units, W/D connections in 80 units, new plumbing in 70 units. 68 of the 96 units have been completely renovated including appliances, flooring, cabinets, countertops, and bathrooms. 17 of the 96 units are turnover units requiring light work to be rent ready. 11 of the 96 units need full renovations. The Property is currently 64% occupied.

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$50 USD /SF

# OF UNITS

96

PRICE/UNIT

$38,021

CAP RATE

Request Cap Rate

% LEASED

65%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whitney Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

200

LAND DETAILS

LAND ACRES

6.83 AC

LAND SF

297,515 SF

ZONING

RU-3

APN/PARCEL ID

07-0042-0-0058C

ASK ABOUT THIS PROPERTY

David DorrisWoodyard Realty CorporationMore Info
901-620-3633

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David DorrisWoodyard Realty CorporationMore Info
901-620-3633

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