4544 Willow Creek Dr
Memphis, TN 38118
Verano Townhomes · Multifamily Property For Sale
·
147 Units
Property Facts
| No. Units | 147 | Building Size | 147,200 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.22/1,000 SF |
| Lot Size | 6.43 AC | ||
| Zoning | CMU-1 | ||
| No. Units | 147 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.43 AC |
| Building Size | 147,200 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | CMU-1 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Carpet
- Patio
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Playground
- Property Manager on Site
- Tenant Controlled HVAC
- Renters Insurance Program
- Hearing Impaired Accessible
- Maintenance on site
- Online Services
- Vision Impaired Accessible
About 4544 WILLOW CREEK DR , MEMPHIS, TN 38118
Willow Creek offers the rare opportunity to acquire a cash flowing value-add apartment complex with a huge upside. The combination of Spanish speaking management, security cameras, gated entry, and townhome floor plans with mini-bars make this property one of a kind in this area near the FedEx World Hub, so jobs are plentiful! The property has had many recent improvements which include: new TPO roofing on all 10 flat roofs, over twenty units renovated, asset technology added, parking lots have been sealed and striped. Property still needs new mansard roofing estimated at $175,000. Please review all information on our web site and call with any questions as we see this as an excellent opportunity for you if you are a value-add C grade apartment investor.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 62 | $399.00 | 600 |
| 2+2 | 72 | $550.00 | 1,000 - 1,200 |
| 3+2 | 20 | $595.00 | 1,500 |
Property Taxes
| Parcel Number | 07-3041-0-0020 | Improvements Assessment | $1,781,120 |
| Land Assessment | $308,120 | Total Assessment | $2,089,240 |
Property Taxes
