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3471 W Briarpark Dr
Memphis, TN 38116
Creekside Meadows · Multifamily Property For Sale
·
378 Units
Investment Highlights
- Immediate Economies Of Scale: 378 Units Located in One Apartment Complex
- Classic Architecture in Durable Brick: Low Maintenance Brick Construction with Mansard Roofs
- Centrally Located to Memphis’s Employment Drivers: Located Adjacent To Memphis International Airport and Convenient Access To Public Transportation
- Marketable Unit Mix: 1, 2 and 3 Bedroom Units Available with Multiple Floor Plan Options
- Nearby Competition Proves the Ability to Increase Rent: Ability To Increase Rents Between $50-$125 with Some Value-Add
Property Facts
| No. Units | 378 | Building Size | 374,624 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1969 |
| Building Class | C | Parking Ratio | 2.02/1,000 SF |
| Lot Size | 20.02 AC | ||
| Zoning | RU-3 | ||
| No. Units | 378 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 20.02 AC |
| Building Size | 374,624 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 2.02/1,000 SF |
| Zoning | RU-3 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Vintage Building
- Maintenance on site
- Public Transportation
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,638,500 | |
| Land Assessment | $2,412,600 | Total Assessment | $7,051,100 |
Property Taxes
Parcel Numbers
Land Assessment
$2,412,600
Improvements Assessment
$4,638,500
Total Assessment
$7,051,100
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