2450 Ketchum - Apartments FOR SALE


Memphis, TN 38114- Southeast Memphis
$1,100,000 USD
901-340-7475
2450 Ketchum, Memphis, TN for Sale
$1,100,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

2450 Ketchum
Memphis, TN 38114
Southeast Memphis


OVERVIEW

VALUE-ADD OPPORTUNITY IN CLOSE PROXIMITY TO SOME OF THE LARGEST EMPLOYERS IN THE REGION Miracle Manor provides investors the opportunity to acquire a community at a very low basis near tens of thousands of workforce jobs in the fields of logistics, transportation, technology, healthcare and more. Miracle Manor is 3 three-story buildings featuring 57 one-bedroom and 8 two-bedroom floorplans, or 65 units, built in 1965. The property is mostly vacant and poised for a repositioning and rebranding effort. Concrete interior walls and floors are in great condition and will require minimal capital investment. Capex needs include new kitchens, bathrooms, exterior paint and repairs, and roofs.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$18 USD /SF

# OF UNITS

65

PRICE/UNIT

$16,923

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Miracle Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,648 SF

ZONING

RU-1

APN/PARCEL ID

06-0137-0-0207

ASK ABOUT THIS PROPERTY

Bryan SiskWoodyard Realty CorporationMore Info
901-340-7475

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Bryan SiskWoodyard Realty CorporationMore Info
901-340-7475

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