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2603 Pojest Dr
Memphis, TN 38127
Annie’s Townhomes · Multifamily Property For Sale
·
200 Units
PROPERTY FACTS
| No. Units | 200 | Building Size | 324,780 SF |
| Property Type | Multifamily | Average Occupancy | 84% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1975 |
| Building Class | C | Parking Ratio | 2.5/1,000 SF |
| Lot Size | 13.53 AC | ||
| Zoning | RML | ||
| No. Units | 200 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 13.53 AC |
| Building Size | 324,780 SF |
| Average Occupancy | 84% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | RML |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer Hookup
- Ceiling Fans
- Hardwood Floors
- Satellite TV
- Walk-In Closets
- Carpet
SITE AMENITIES
- Clubhouse
- Fitness Center
- Laundry Facilities
- Playground
- Tennis Court
- Trash Pickup - Curbside
ABOUT 2603 POJEST DR , MEMPHIS, TN 38127
Annie’s Townhomes consists of a 200 unit, two story townhome multifamily property comprised of 14 apartments buildings, a clubhouse, fitness center, laundry facilities, and a pool situated on 13.53 acres. It boasts a 97% occupancy rate. Less than two miles away from Annie’s Townhomes is Nike’s largest distribution center. This 2.8 million square foot facility is open 24 hours, 7 days a week and employs over 1800 residents. Renovations in the submarket have been popular this cycle. There are roughly 1,000 units under renovation in the Frayser-Raleigh submarket of Memphis. The submarket’s plethora of vintage C grade properties has attracted investors wanting to add value in order to push rents. Residential home prices increased by 50% over the past year showing new interest in the submarket.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 500 |
| 2+2 | 194 | - | 956 - 1,156 |
| 3+2 | 2 | - | 1,200 |
PROPERTY TAXES
| Parcel Number | 07-2073-0-0015 | Improvements Assessment | $2,802,840 |
| Land Assessment | $307,720 | Total Assessment | $3,110,560 |
PROPERTY TAXES
