3500 Westline Dr
Memphis, TN 38128
Hilldale Apartments · Multifamily Property For Sale
·
148 Units
Property Facts
| No. Units | 148 | Lot Size | 12.24 AC |
| Property Type | Multifamily | Building Size | 137,124 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1972 |
| Building Class | C | Parking Ratio | 2.18/1,000 SF |
| Zoning | R-ML | ||
| No. Units | 148 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 12.24 AC |
| Building Size | 137,124 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.18/1,000 SF |
| Zoning | R-ML |
Amenities
Unit Amenities
- Balcony
- Tile Floors
- Kitchen
- Refrigerator
- Carpet
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Public Transportation
- Walk-Up
- Smoke Detector
About 3500 WESTLINE DR , MEMPHIS, TN 38128
Foresite Realty is pleased to present a value-add investment opportunity known as Hilldale Apartments ("Property"), a 148-unit multi family complex located in the Memphis, Tennessee. Constructed in 1972, Hilldale Apartments is a seventeen building, two-story garden style apartment complex, comprised of a favorable mix of one, two and three-bedroom apartments. Hilldale is located just minutes from Downtown Memphis and Memphis International Airport. The active community houses a diverse population in terms of culture as well as economy. The Property is located in middle-class neighborhood Raleigh. The subject property was developed as a garden apartment complex operating all its units as Low-Income Housing Tax Credit (LIHTC) restricted use covenant with 95 of the units operating under Housing Assistance Program (HAP) agreement.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 783 |
| 2+1 | 108 | - | 900 |
| 3+1 | 16 | - | 996 |
Property Taxes
| Parcel Number | 08-4010-0-0005 | Improvements Assessment | $898,640 |
| Land Assessment | $234,600 | Total Assessment | $1,133,240 |
Property Taxes
