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Ivy Chase Apartments 3130 S Mendenhall Rd 171 Unit Apartment Building $7,695,000 ($45,000/Unit) Memphis, TN 38115
Investment Highlights
- Value Add Opportunity
Executive Summary
Price Reduced to move now!!!! No Financials!!!!!!!! Sold As Is Where IS
The Ivy Chase Apartments offers a value-added opportunity to investors through improved operations and stabilization. The property is a Section 42 LIHTC complex, and its townhouse and flat-styled apartments are fully occupied. Due to its last renovations taking place in 2006/2007, its potential is tremendous. No Financials!!! No Financials!!! No Financials!!!
The Ivy Chase Apartments offers a value-added opportunity to investors through improved operations and stabilization. The property is a Section 42 LIHTC complex, and its townhouse and flat-styled apartments are fully occupied. Due to its last renovations taking place in 2006/2007, its potential is tremendous. No Financials!!! No Financials!!! No Financials!!!
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Refrigerator
- Oven
- Carpet
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 45 | - | 455 - 728 |
| 2+1 | 45 | - | 939 |
| 2+1.5 | 43 | - | 939 |
| 3+2 | 38 | - | 1,346 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 07-4074-0-0028 | Improvements Assessment | $920,520 |
| Land Assessment | $216,400 | Total Assessment | $1,136,920 |
Property Taxes
Parcel Number
07-4074-0-0028
Land Assessment
$216,400
Improvements Assessment
$920,520
Total Assessment
$1,136,920
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Ivy Chase Apartments | 3130 S Mendenhall Rd
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