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4179 Millbranch Rd
Memphis, TN 38116
Whitehaven Oaks Apartments · Multifamily Property For Sale
·
65 Units
Investment Highlights
- Includes apartments, duplexes, and single family home on 1 parcel
- Well kept & family owned
- Near airport, Graceland, and major employers
Executive Summary
Whitehaven Oaks Apartments presents a rare opportunity to acquire a well-maintained, long-term family-owned multifamily community in one of Memphis' most established workforce housing markets.
Owned and personally managed by the same family for more than 20 years, the property has benefited from continuous capital improvements and hands-on stewardship. The asset includes 54 one-bedroom apartment homes, five income-producing duplexes along Millbranch Road, and a separate three-bedroom single-family residence, providing a diverse mix of income-producing units with stable occupancy and future upside through continued rent optimization.
Ideally located in Whitehaven, the property is just minutes from Memphis International Airport, the FedEx World Hub, and one of the Mid-South's largest employment corridors. Surrounded by nice residential neighborhoods with major employers including FedEx, Amazon, Nike, Williams-Sonoma, Medtronic, UPS, DHL, and numerous logistics and manufacturing companies nearby, Whitehaven Oaks benefits from consistent workforce housing demand supported by a mature and diverse employment base.
The combination of strong location with school and library in walking distance along with proven ownership, and long-term investment in the property creates an exceptional opportunity for investors seeking reliable cash flow with future appreciation potential.
Owned and personally managed by the same family for more than 20 years, the property has benefited from continuous capital improvements and hands-on stewardship. The asset includes 54 one-bedroom apartment homes, five income-producing duplexes along Millbranch Road, and a separate three-bedroom single-family residence, providing a diverse mix of income-producing units with stable occupancy and future upside through continued rent optimization.
Ideally located in Whitehaven, the property is just minutes from Memphis International Airport, the FedEx World Hub, and one of the Mid-South's largest employment corridors. Surrounded by nice residential neighborhoods with major employers including FedEx, Amazon, Nike, Williams-Sonoma, Medtronic, UPS, DHL, and numerous logistics and manufacturing companies nearby, Whitehaven Oaks benefits from consistent workforce housing demand supported by a mature and diverse employment base.
The combination of strong location with school and library in walking distance along with proven ownership, and long-term investment in the property creates an exceptional opportunity for investors seeking reliable cash flow with future appreciation potential.
Property Facts
| Price Per Unit | $52,308 | Lot Size | 3.42 AC |
| Sale Type | Investment | Building Size | 58,800 SF |
| No. Units | 65 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1973 |
| Apartment Style | Garden | Parking Ratio | 2.13/1,000 SF |
| Building Class | C | ||
| Zoning | RU-3 | ||
| Price Per Unit | $52,308 |
| Sale Type | Investment |
| No. Units | 65 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.42 AC |
| Building Size | 58,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 2.13/1,000 SF |
| Zoning | RU-3 |
Amenities
Unit Amenities
- Dishwasher
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Trash Pickup - Curbside
- Individual Locking Bedrooms
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 54 | - | 604 - 650 |
| 2+1 | 2 | - | 950 |
| 3+2 | 1 | - | 1,100 |
| 1+1 | 8 | - | - |
Property Taxes
| Parcel Number | 07-9009-0-0003C | Improvements Assessment | $404,400 |
| Land Assessment | $105,640 | Total Assessment | $510,040 |
Property Taxes
Parcel Number
07-9009-0-0003C
Land Assessment
$105,640
Improvements Assessment
$404,400
Total Assessment
$510,040
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