$3,350,000 USD
901-277-0477
3251 Old Getwell Rd
Memphis, TN 38118
Parkway Village
OVERVIEW
This 48 unit property is a value add opportunity located near East Memphis.
There are 43-3/BR units and 5-2/BR units. The total scheduled monthly income is 47,108.
There are 12 units left to be renovated. (Cost estimates have been approximately 35,000 per unit)
Drive by only. Please do not disturb residents.
FOR SALE DETAILS
PRICE
$3,350,000 USD
PRICE/SF
$60 USD /SF
# OF UNITS
48
PRICE/UNIT
$69,792
CAP RATE
11.47%
% LEASED
62%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Anchor Blu
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1973
PARKING SPACES
100
LAND DETAILS
LAND ACRES
3.97 AC
LAND SF
172,933 SF
ZONING
C-H
APN/PARCEL ID
07-3029-0-0006
ASK ABOUT THIS PROPERTY
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901-277-0477
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901-277-0477
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