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Village Square Apartments 2024 Jefferson Ave 61 Unit Apartment Building $3,750,000 ($61,475/Unit) Memphis, TN 38104
EXECUTIVE SUMMARY
VILLAGE SQUARE Apartments features 16 two-story garden style buildings with 61 studio and one-bedroom units. Ideally situated in the heart of Midtown, the property is within walking distance of the vibrant Overton Square, home to Memphis Ballet, Theater Memphis, and a diverse array of restaurants and live music venues. Residents also enjoy easy access to Overton Park, offering golf, scenic walking trails, and concerts at the historic Overton Park Shell.
Beyond its prime location for entertainment and recreation, Village Square is strategically positioned near major employment hubs, with over 112,000 white-collar jobs in the vicinity. The property is also close to key retailers such as Kroger, Home Depot, CVS, and Walgreens. Additionally, it lies just minutes west of more than $14 billion in hospital expansions, including groundbreaking projects at St. Jude Children’s Research Hospital and Regional One, which are set to create thousands of new jobs and further enhance the area’s economic growth.
See executive summary and offering memorandum in document portal for information on building updates.
Beyond its prime location for entertainment and recreation, Village Square is strategically positioned near major employment hubs, with over 112,000 white-collar jobs in the vicinity. The property is also close to key retailers such as Kroger, Home Depot, CVS, and Walgreens. Additionally, it lies just minutes west of more than $14 billion in hospital expansions, including groundbreaking projects at St. Jude Children’s Research Hospital and Regional One, which are set to create thousands of new jobs and further enhance the area’s economic growth.
See executive summary and offering memorandum in document portal for information on building updates.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $3,750,000 | Apartment Style | Garden |
| Price Per Unit | $61,475 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.83 AC |
| No. Units | 61 | Building Size | 43,033 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1945 |
| Zoning | R-MM | ||
| Price | $3,750,000 |
| Price Per Unit | $61,475 |
| Sale Type | Investment |
| No. Units | 61 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.83 AC |
| Building Size | 43,033 SF |
| No. Stories | 2 |
| Year Built | 1945 |
| Zoning | R-MM |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Sprinkler System
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 60 | - | 575 |
| Studios | 1 | - | 575 |
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 01-7060-0-0022 | Improvements Assessment | $936,960 |
| Land Assessment | $276,600 | Total Assessment | $1,213,560 |
PROPERTY TAXES
Parcel Number
01-7060-0-0022
Land Assessment
$276,600
Improvements Assessment
$936,960
Total Assessment
$1,213,560
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Village Square Apartments | 2024 Jefferson Ave
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