1711 Pendleton St | Memphis, TN 38114
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- LoopNet Team
1711 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 | Building Size | 41,827 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 0.35/1,000 SF |
| Lot Size | 2.66 AC | ||
| Zoning | R-MM | ||
| 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 |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.35/1,000 SF |
| Zoning | R-MM |
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 Number | 04-7073-0-0028 | Improvements Assessment | $428,400 |
| Land Assessment | $64,440 | Total Assessment | $492,840 |
PROPERTY TAXES
Parcel Number
04-7073-0-0028
Land Assessment
$64,440
Improvements Assessment
$428,400
Total Assessment
$492,840
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