3896 Chippewa Rd | Memphis, TN 38118
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
3896 Chippewa Rd
Memphis, TN 38118
Azure Place · Multifamily Property For Sale
·
558 Units
INVESTMENT HIGHLIGHTS
- In-place rents are 66% percent below HUD’s 2024 Fair Market Rents
- No property taxes for 20 years via Payment In Lieu Of Taxes (PILOT) program
- Immediate access to major Memphis employers
- Full-scale interior unit renovation of class A level was finished in 2022
- An unconventional value-adding opportunity that necessitates minimal capital investment
- Available free & clear (no assumable debt)
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Range
- Walk-In Closets
- Grill
- Deck
- Den
- Dining Room
- Double Pane Windows
- Family Room
- Freezer
- Garden
- Lawn
- Office
- Patio
- Porch
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Fitness Center
- Playground
- Pool
- Tenant Controlled HVAC
- Gated
- Maintenance on site
- Online Services
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 100 | - | 620 - 740 |
| 2+2 | 362 | - | 800 - 1,020 |
| 3+2 | 88 | - | 1,150 - 1,220 |
| 4+2 | 8 | - | 1,470 |
PROPERTY TAXES
| Parcel Number | 07-3017-0-0195 | Improvements Assessment | $11,727,700 |
| Land Assessment | $2,097,600 | Total Assessment | $13,825,300 |
PROPERTY TAXES
Parcel Number
07-3017-0-0195
Land Assessment
$2,097,600
Improvements Assessment
$11,727,700
Total Assessment
$13,825,300
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
