3896 Chippewa Rd | Memphis, TN 38118
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3896 Chippewa Rd
Memphis, TN 38118
Azure Place · Multifamily Property For Sale
·
569 Units
PROPERTY FACTS
| No. Units | 569 | Building Size | 511,760 SF |
| Property Type | Multifamily | Average Occupancy | 82% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1972/2022 |
| Building Class | A | Parking Ratio | 2.3/1,000 SF |
| Lot Size | 29.19 AC | ||
| Zoning | RU-3 - Residential Urban | ||
| No. Units | 569 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | A |
| Lot Size | 29.19 AC |
| Building Size | 511,760 SF |
| Average Occupancy | 82% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2022 |
| Parking Ratio | 2.3/1,000 SF |
| Zoning | RU-3 - Residential Urban |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Range
- Walk-In Closets
- Grill
- Deck
- Den
- Dining Room
- Double Pane Windows
- Family Room
- Freezer
- Garden
- Lawn
- Office
- Patio
- Porch
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Fitness Center
- Playground
- Pool
- Tenant Controlled HVAC
- Gated
- Maintenance on site
- Online Services
- Smoke Detector
ABOUT 3896 CHIPPEWA RD , MEMPHIS, TN 38118
Large units: mostly 2 and 3 bedrooms. Average size is 1000sf. 32 units currently rented for $600. 155 units are rent ready. 10 units with temporary power to fix. Property also includes a 10,000 sq ft day care that has plumbing and electrical.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 100 | - | 698 |
| 2+1 | 35 | - | 800 |
| 2+2 | 338 | - | 906 |
| 3+2 | 88 | - | 1,190 |
| 4+2 | 8 | - | 1,470 |
PROPERTY TAXES
| Parcel Number | 07-3017-0-0195 | Improvements Assessment | $11,727,700 |
| Land Assessment | $2,097,600 | Total Assessment | $13,825,300 |
PROPERTY TAXES
Parcel Number
07-3017-0-0195
Land Assessment
$2,097,600
Improvements Assessment
$11,727,700
Total Assessment
$13,825,300
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