650 Minor Rd | Memphis, TN 38111
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- LoopNet Team
650 Minor Rd
Memphis, TN 38111
Tiger Flats | Value-Add near UofM · Multifamily Property For Sale
·
22 Units
INVESTMENT HIGHLIGHTS
- Tiger Flats is a modern 22-unit multifamily building offering a blend of one- and two-bedroom apartments with value-add potential.
- Perfect opportunity for investors to lease-up vacancies at market rates creating a higher net operating income.
- Located a short distance from major retailers and essentials, including Walgreens, Kroger, Starbucks, McDonald’s, Wendy’s, and local businesses.
- At the heart of the city, tenants are in walking distance to University of Memphis and near it all, including the Highland Strip and Oak Court Mall.
- Within a 5-mile radius of Tiger Flats, the majority of households are renter-occupied and the population is experiencing steady growth.
PROPERTY FACTS
| Sale Condition | Auction Sale | Lot Size | 0.75 AC |
| Type of Ownership | Fee Simple | Building Size | 22,846 SF |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1966/2017 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Low-Rise | Parcel Number | 04-6011-0-0017C |
| Building Class | C | ||
| Zoning | RU-3 - Residential Zoning | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 22,846 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2017 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | RU-3 - Residential Zoning |
| Parcel Number | 04-6011-0-0017C |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Kitchen
- Refrigerator
- Range
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Public Transportation
- Walk-Up
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