This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1520 Whitney Ave
Memphis, TN 38127
Whitney Manor Apartments · Multifamily Property For Sale
·
96 Units
PROPERTY FACTS
| No. Units | 96 | Building Size | 72,480 SF |
| Property Type | Multifamily | Average Occupancy | 65% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1968/2025 |
| Building Class | C | Parking Ratio | 2.51/1,000 SF |
| Lot Size | 6.83 AC | ||
| Zoning | RU-3 | ||
| No. Units | 96 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.83 AC |
| Building Size | 72,480 SF |
| Average Occupancy | 65% |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2025 |
| Parking Ratio | 2.51/1,000 SF |
| Zoning | RU-3 |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Oven
- Tub/Shower
ABOUT 1520 WHITNEY AVE , MEMPHIS, TN 38127
Tremendous VALUE ADD investment opportunity thru continued renovation of the 36 down units and future market rent increases. 100% occupancy on the 50 units available for rent with 10 more units moving online in the next few weeks. It will take approximately $300k to finish the rehab which includes a total asphalt overlay on the parking lot. The units are leasing as quickly as they become rent ready. The property is located in a quiet neighborhood on Whitney Ave between Watkins and Hwy 51. It has easy access to I-40 and both Downtown and the medical center. It is less than 2 miles from the new 3 million sq ft Nike facility. Once considered one of the most desirable rental communities in this area, upon completion of the renovations it will again recapture that distinction.
PROPERTY TAXES
| Parcel Number | 07-0042-0-0058C | Improvements Assessment | $1,033,720 |
| Land Assessment | $194,800 | Total Assessment | $1,228,520 |
PROPERTY TAXES
