Log In/Sign Up
Your email has been sent.
Miracle Manor 2450 Ketchum 65 Unit Apartment Building $1,100,000 ($16,923/Unit) Memphis, TN 38114
EXECUTIVE SUMMARY
VALUE-ADD OPPORTUNITY IN CLOSE PROXIMITY TO SOME OF THE LARGEST EMPLOYERS IN THE REGION
Miracle Manor provides investors the opportunity to acquire a community at a very low basis near tens of thousands of workforce jobs in the fields of logistics, transportation, technology, healthcare and more.
Miracle Manor is 3 three-story buildings featuring 57 one-bedroom and 8 two-bedroom floorplans, or 65 units, built in 1965.
The property is mostly vacant and poised for a repositioning and rebranding effort. Concrete interior walls and floors are in great condition and will require minimal capital investment. Capex needs include new kitchens, bathrooms, exterior paint and repairs, and roofs.
Miracle Manor provides investors the opportunity to acquire a community at a very low basis near tens of thousands of workforce jobs in the fields of logistics, transportation, technology, healthcare and more.
Miracle Manor is 3 three-story buildings featuring 57 one-bedroom and 8 two-bedroom floorplans, or 65 units, built in 1965.
The property is mostly vacant and poised for a repositioning and rebranding effort. Concrete interior walls and floors are in great condition and will require minimal capital investment. Capex needs include new kitchens, bathrooms, exterior paint and repairs, and roofs.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $1,100,000 | Building Class | C |
| Price Per Unit | $16,923 | Lot Size | 1.30 AC |
| Sale Type | Investment | Building Size | 62,759 SF |
| No. Units | 65 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RU-1 | ||
| Price | $1,100,000 |
| Price Per Unit | $16,923 |
| Sale Type | Investment |
| No. Units | 65 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.30 AC |
| Building Size | 62,759 SF |
| No. Stories | 3 |
| Year Built | 1965 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | RU-1 |
AMENITIES
UNIT AMENITIES
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Courtyard
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 57 | - | 550 |
| 2+1 | 8 | - | 800 |
PROPERTY TAXES
| Parcel Number | 06-0137-0-0207 | Improvements Assessment | $957,700 |
| Land Assessment | $124,400 | Total Assessment | $1,082,100 |
PROPERTY TAXES
Parcel Number
06-0137-0-0207
Land Assessment
$124,400
Improvements Assessment
$957,700
Total Assessment
$1,082,100
1 of 13
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Miracle Manor | 2450 Ketchum
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.