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1177 Linden Ave
Memphis, TN 38104
Medical Center Apartments · Multifamily Property For Sale
·
14 Units
Investment Highlights
- Ideally located in the heart of the Medical District (30,000 white collar jobs)
- Operational value add with significant upside captured by pushing rents and occupancy to market rates
- Cash flowing asset with strong historical occupancy
Property Facts
| No. Units | 14 | Lot Size | 0.98 AC |
| Property Type | Multifamily | Building Size | 11,200 SF |
| Property Subtype | Apartment | Average Occupancy | 89% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1968/2022 |
| Zoning | RU-3 - Residential Urban - 3 | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 11,200 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2022 |
| Zoning | RU-3 - Residential Urban - 3 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 510 |
Property Taxes
| Parcel Number | 01-8045-0-0001C | Improvements Assessment | $312,480 |
| Land Assessment | $60,720 | Total Assessment | $373,200 |
Property Taxes
Parcel Number
01-8045-0-0001C
Land Assessment
$60,720
Improvements Assessment
$312,480
Total Assessment
$373,200
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