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Center Court Apts
282 Center Street, Collierville, TN 38017
30 Units | Multifamily
Multifamily Property - Off Market
- No. Units:
- Building Size:
- 21,000 SF
- Property Type:
- Property Sub-type:
- Property Use Type:
- No. Stories:
- Year Built:
- Lot Size:
- 1.84 AC
- Listing ID
- Last Updated
- over 1 year ago
- Rare opportunity to invest in an affluent city with low taxes & exceptional job growth opportunities accompanied by obstacles to new apt construction
- Offers almost a franchise type opportunity to own a Class B-C property in the Historic Downtown area that can remain well below Class A rents
- The top-rated public school system is a huge driver of residents to live in Collierville.
- Collierville was chosen as one of Relocate-America's Top 100 Places to Live in 2008.
Rare opportunity to invest and create value by repositioning the property in an affluent City with low taxes and exceptional job growth opportunities . The apartment community is located on Center Streetin Collierville which is to be the new front door of the Historic Town Square. New water park and park for sports behind the proeprty plus talk of new middle school nearby. All units are two bedroom except one unit which was converted to a one bedroom allowing other side to be used for storage.
Collierville is a town located in Shelby County, Tennessee and a suburb of the Memphis metropolitan area. Collierville was chosen as one of Relocate-America's Top 100 Places to Live in 2008. Job growth from 2000 to 2006 was 12.06%. It is an affluent (median household income: $79,259) with average home values a bit higher than average for the Memphis area at $191,500.
Map of 282 Center Street, Collierville, TN 38017 (Shelby County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P