3130 S Mendenhall Rd - Apartments FOR SALE


Memphis, TN 38115
$12,825,000 USD
901-881-2070
3130 S Mendenhall Rd, Memphis, TN for Sale
$12,825,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

3130 S Mendenhall Rd
Memphis, TN 38115


HIGHLIGHTS

  • This Asset is being sold in a portfolio with two other multifamily assets Aspenwoods and Common AT Brentwood

OVERVIEW

Portfolio Deal Only being sold with two other multifamily assets!! The Ivy Chase Apartments offers a value-added opportunity to investors through improved operations and stabilization. The property is a Section 42 LIHTC complex, and its townhouse and flat-styled apartments are fully occupied. Due to its last renovations taking place in 2006/2007, its potential is tremendous. No Financials!!! No Financials!!! No Financials!!!

FOR SALE DETAILS

PRICE

$12,825,000 USD

PRICE/SF

$95 USD /SF

# OF UNITS

171

PRICE/UNIT

$75,000

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ivy Chase Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1973

PARKING SPACES

350

LAND DETAILS

LAND ACRES

5.52 AC

LAND SF

240,408 SF

ZONING

C-L

APN/PARCEL ID

07-4074-0-0028

ASK ABOUT THIS PROPERTY

Traci BradenBraden Braden & Braden LLCMore Info
901-881-2070

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Traci BradenBraden Braden & Braden LLCMore Info
901-881-2070

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