This Multifamily Property is no longer advertised on LoopNet.com.

1170 Peabody Ave
Memphis, TN 38104
Peabody Station Apartments · Multifamily Property For Sale · 10 Units

Investment Highlights

  • LOSS-TO-LEASE - $235 BELOW MARKET RENTS
  • OVER $200K SPENT ON CAPITAL IMPROVEMENT
  • NEW 12-UNIT DEVELOPMENT MULTIFAMILY BEING BUILT DIRECTLY NEXT DOOR
  • TENANTS PAY ALL UTILITIES
  • LOCATED IN HIGHLY DESIRABLE MEDICAL DISTRICT | PROPERTY SITS 0.5 MILES FROM METHODIST UNIVERSITY HOSPITAL

Property Facts

No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.36 AC
Building Size 7,610 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1963/2022
Parking Ratio 1.11/1,000 SF
Zoning RU-3

Amenities

Unit Amenities

  • Air Conditioning
  • Washer/Dryer
  • Kitchen
  • Stainless Steel Appliances
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 10 $1,045 761

Property Taxes

Property Taxes

Parcel Number
01-8047-0-0019
Land Assessment
$47,960
Improvements Assessment
$201,320
Total Assessment
$249,280
  • Listing ID: 28807018

  • Date on Market: 6/20/2023

  • Last Updated:

  • Address: 1170 Peabody Ave, Memphis, TN 38104

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