This Multifamily Property is Off-Market.

282 Center Street
Collierville, TN 38017 ·

30 Units · Multifamily For Sale

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Center Court Apts

Price N/A Property Use Type Investment
No. Units 30 Occupancy 67%
Building Size 21,000 SF No. Stories 2
Property Type Multifamily Year Built 1966
Property Sub-type Garden/Low-Rise Lot Size 1.84 AC
Listing ID: 16821015 Date Created: 09/02/2010 Last Updated: 09/08/2011

Description

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.

Highlights

  • 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.

Research

282 Center Street, Collierville, TN 38017 (Shelby County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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