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Walden Pointe 4168 The Place St 379 Unit Apartment Building $30,000,000 ($79,156/Unit) Memphis, TN 38128
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Investment Highlights
- A 379-unit garden-style community boasting 98% occupancy in the thriving Memphis rental market.
- Features swimming pools, sports courts, and a clubhouse for an elevated living experience.
- Consistent income stability and tenant retention in a well-maintained, Class B asset.
- Offers a balanced selection of 1-, 2-, and 3-bedroom floor plans designed for broad tenant appeal.
- Exceptional connectivity with seamless access to I-240, ensuring strong long-term demand.
- Positioned in a stable market with sustained appreciation and reliable returns.
Executive Summary
Walden Pointe Apartments
379-Unit Multifamily Investment in Stratgeic Memphis Location!
This well-maintained multifamily property, comprising 379 units, offers investors reliable returns within a stable Memphis rental market.
Featuring a diverse mix of 1, 2, and 3-bedroom units, Walden Pointe provides comfortable living with desirable amenities, including swimming pools, sports courts, and a community clubhouse.
Its strategic location, providing seamless access to I-240, ensures exceptional connectivity and long-term tenant appeal, solidifying its position as a cornerstone investment in the Memphis market.
$79,000 per unit
NO financials.
379-Unit Multifamily Investment in Stratgeic Memphis Location!
This well-maintained multifamily property, comprising 379 units, offers investors reliable returns within a stable Memphis rental market.
Featuring a diverse mix of 1, 2, and 3-bedroom units, Walden Pointe provides comfortable living with desirable amenities, including swimming pools, sports courts, and a community clubhouse.
Its strategic location, providing seamless access to I-240, ensures exceptional connectivity and long-term tenant appeal, solidifying its position as a cornerstone investment in the Memphis market.
$79,000 per unit
NO financials.
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Property Facts
| Price | $30,000,000 | Building Class | B |
| Price Per Unit | $79,156 | Lot Size | 26.00 AC |
| Sale Type | Investment | Building Size | 421,496 SF |
| No. Units | 379 | Average Occupancy | 89% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1972/2022 |
| Apartment Style | Garden | Parking Ratio | 2.04/1,000 SF |
| Zoning | R-ML - Residential Multiple-Family Low-Density (R-ML) zone district in Memphis and Shelby County is primarily intended to provide a variety of low- to medium-density housing options | ||
| Price | $30,000,000 |
| Price Per Unit | $79,156 |
| Sale Type | Investment |
| No. Units | 379 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 26.00 AC |
| Building Size | 421,496 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2022 |
| Parking Ratio | 2.04/1,000 SF |
| Zoning | R-ML - Residential Multiple-Family Low-Density (R-ML) zone district in Memphis and Shelby County is primarily intended to provide a variety of low- to medium-density housing options |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Security System
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Patio
- Wheelchair Accessible (Rooms)
Site Amenities
- Courtyard
- Playground
- Pool
- Security System
- Tennis Court
- Basketball Court
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 172 | - | 850 - 1,250 |
| 2+1 | 72 | - | 850 - 900 |
| 1+1 | 113 | - | 650 - 700 |
| 3+2 | 10 | - | 1,680 |
| 3+2.5 | 4 | - | 1,200 |
| 2+2.5 | 8 | - | 1,200 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $958,720 | |
| Land Assessment | $1,187,760 | Total Assessment | $2,146,480 |
Property Taxes
Parcel Numbers
Land Assessment
$1,187,760
Improvements Assessment
$958,720
Total Assessment
$2,146,480
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Presented by
Olga Petrovna
Walden Pointe | 4168 The Place St
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