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1699 Pendleton St
Memphis, TN 38114
The Courtyard Apartments · Multifamily Property For Sale
·
78 Units
Investment Highlights
- This Value-Add Opportunity is uniquely positioned to offer a maximum return.
- Once stablzed exit NOI (Net Operating Income) top out over $550K Annually. There is also opportunity to generate onsite Laundry / Rental Space Income
Property Facts
| No. Units | 78 | Lot Size | 2.66 AC |
| Property Type | Multifamily | Building Size | 41,827 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 2.69/1,000 SF |
| Zoning | RU-3 - Multi-family zoning | ||
| No. Units | 78 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.66 AC |
| Building Size | 41,827 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 2.69/1,000 SF |
| Zoning | RU-3 - Multi-family zoning |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 55 | - | 841 |
| 1+1 | 22 | - | 638 |
| 3+1 | 1 | - | 950 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $612,760 | |
| Land Assessment | $97,560 | Total Assessment | $710,320 |
Property Taxes
Parcel Numbers
Land Assessment
$97,560
Improvements Assessment
$612,760
Total Assessment
$710,320
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