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2780 Raleigh-Lagrange Rd
Memphis, TN 38128
Springs Apartments - Memphis, TN · Multifamily Property For Sale
·
32 Units
PROPERTY FACTS
| No. Units | 32 | Building Size | 33,600 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built/Renovated | 1974/2017 |
| Building Class | C | Parking Ratio | 1.61/1,000 SF |
| Lot Size | 1.60 AC |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.60 AC |
| Building Size | 33,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2017 |
| Parking Ratio | 1.61/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer
- Kitchen
- Grill
- Patio
SITE AMENITIES
- Courtyard
- Picnic Area
- Grill
ABOUT 2780 RALEIGH-LAGRANGE RD , MEMPHIS, TN 38128
Strong cash-flow on a 32-unit multi-family apartment building in Memphis, TN. This 2-story townhome community is currently 97% occupied and consistently stays close to 100% occupancy. The roof was replaced within the past 3 years with a 30 year architectural shingle. Exterior of each building is low maintenance brick and vinyl siding. Each unit has a private patio. Washer/dryer and newer central air conditioning in each unit. Large center courtyard and ample parking. Centrally located near interstate I-240 in a highly desirable rental area. Professionally managed for over 10 years by large, local management company. Great ROI and future appreciation. Freddie Mac inspected and approved.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 30 | $672.50 | 1,159 |
| 3+2 | 2 | $740.00 | 1,638 |
PROPERTY TAXES
| Parcel Number | 08-8008-0-0121C | Improvements Assessment | $523,480 |
| Land Assessment | $56,640 | Total Assessment | $580,120 |
PROPERTY TAXES
