Log In/Sign Up
3439-3459 Southern Ave
Memphis, TN 38111
The Graduate Apartments · Multifamily Property For Sale
·
46 Units
Property Facts
| No. Units | 46 | Building Size | 41,690 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1966 |
| Building Class | C | Parking Ratio | 1.41/1,000 SF |
| Lot Size | 2.16 AC | ||
| Zoning | RD - Commercial | ||
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.16 AC |
| Building Size | 41,690 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | RD - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Online Services
- Walk-Up
- Smoke Detector
About 3439-3459 SOUTHERN AVE , MEMPHIS, TN 38111
A great value-add opportunity in the University of Memphis area; only a few minutes from Campus! Nearby student housing is 100% leased and getting $650-850 "per room"! Renovate the eight (8) remaining units to maximize rents and add value! The estimated cost to renovate these units is approximately $15,000/unit, which includes new HVAC, new electric and plumbing, new sheetrock throughout most units, new baths and kitchens. The University of Memphis area is red hot with the newly renovated Highland Strip Entertainment Center a block away! See Area Overview section for more information.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 385 |
| 1+1 | 16 | - | 485 |
| 2+1 | 28 | - | 700 - 720 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $238,760 | |
| Land Assessment | $105,320 | Total Assessment | $344,080 |
Property Taxes
Parcel Numbers
Land Assessment
$105,320
Improvements Assessment
$238,760
Total Assessment
$344,080
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
