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Faulkner Court Apts 737 Court Ave 8 Unit Apartment Building $700,000 ($87,500/Unit) Memphis, TN 38105
Investment Highlights
- Call broker Steve Woodyard for more information 901-767-1998
- More information on our property listing page - click link below to access!
- Click on the data room link to access OM
Executive Summary
Surrounded by Class A Apartments, the rents are well below market! Each apartment boasts unique updates, ranging from minor enhancements to full-scale renovations (new flooring, contemporary cabinets and countertops, brand-new appliances, and in-unit washer/dryer). Walking distance to diverse restaurants and University of Tennessee Health Science Center campus.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $700,000 | Building Class | C |
| Price Per Unit | $87,500 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,362 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 4.76/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RMH | ||
| Price | $700,000 |
| Price Per Unit | $87,500 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,362 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 4.76/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RMH |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 450 - 600 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02-3017-0-0004 | Improvements Assessment | $47,280 |
| Land Assessment | $17,680 | Total Assessment | $64,960 |
Property Taxes
Parcel Number
02-3017-0-0004
Land Assessment
$17,680
Improvements Assessment
$47,280
Total Assessment
$64,960
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Faulkner Court Apts | 737 Court Ave
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