4651 Royal Ridge Drive | Memphis, TN 38128
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4651 Royal Ridge Drive
Memphis, TN 38128
Dove Creek Apartments · Multifamily Property For Sale
·
19 Units
INVESTMENT HIGHLIGHTS
- Nice mix of 1/1 and 2/1 units with TONS of upside
- Less than 5 minutes to Nike and Amazon centers
- Strong rental demand in a safe, quiet neighborhood
- Robust, revitalizing submarket of North Frayser
PROPERTY FACTS
| No. Units | 19 | Building Size | 9,632 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1975 |
| Lot Size | 1.61 AC | ||
| Zoning | RU-3 | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.61 AC |
| Building Size | 9,632 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1975 |
| Zoning | RU-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Range
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | - |
| 2+1 | 4 | - | - |
| 2+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 09-0002-0-0104 | Improvements Assessment | $345,640 |
| Land Assessment | $27,440 | Total Assessment | $373,080 |
PROPERTY TAXES
Parcel Number
09-0002-0-0104
Land Assessment
$27,440
Improvements Assessment
$345,640
Total Assessment
$373,080
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