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2973 Getwell Rd
Memphis, TN 38118
Medical Park Apartments · Multifamily Property For Sale
·
177 Units
PROPERTY FACTS
| No. Units | 177 | Building Size | 191,156 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1967 |
| Building Class | C | Parking Ratio | 1.83/1,000 SF |
| Lot Size | 7.34 AC | ||
| Zoning | RU-2 - Residential | ||
| No. Units | 177 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.34 AC |
| Building Size | 191,156 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | RU-2 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
ABOUT 2973 GETWELL RD , MEMPHIS, TN 38118
Medical Park Apartments is an outstanding value-add opportunity that features a state-of-the-art, real time monitoring system like you have never seen before! The system includes the following: 1) 16 channel Digital Video Recorder--high capacity memory, real time recording & operation software installed 2) 13 Sony Pan-Tilt-Zoom cameras-36x zoom, day/night function, auto-tracking, wireless compatibility 3) 3 fixed cameras with day/night function 4) 50" LCD TV for office monitoring 5) amplifier with 8 outdoor speakers compatible with the above system 6) Entire system is internet based and compatible with cell phones 7) The system is compatible with the Memphis Police Department 8) The system is mainly hardwired with a few wireless cameras Once the property is stabilized and leased up to 90% occupancy the technology & management systems mentioned above will make this property stand out for re-sale opportunities or long term cash flow.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 671 |
| 2+2 | 163 | - | 807 |
| 3+2 | 4 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 07-3017-0-0198 | Improvements Assessment | $5,461,400 |
| Land Assessment | $527,400 | Total Assessment | $5,988,800 |
PROPERTY TAXES
