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774 Melrose St
Memphis, TN 38104
Melrose Court Apartments · Multifamily Property For Sale
·
23 Units
Property Facts
| No. Units | 23 | Building Size | 13,800 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Building Class | C | Parking Ratio | 2.9/1,000 SF |
| Lot Size | 0.57 AC | ||
| Zoning | RMH | ||
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 13,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 2.9/1,000 SF |
| Zoning | RMH |
Amenities
Unit Amenities
- Heating
- Oven
- Range
- Tub/Shower
- Carpet
Site Amenities
- Laundry Facilities
About 774 MELROSE ST , MEMPHIS, TN 38104
Melrose Court is located in the heart of the historic Central Gardens, a highly desired and affluent neighborhood. Directly across the street from the recently renovated "The Melrose Midtown". Melrose Court is stabilized as is but if fully rehabbed rents could be doubled to match or exceed $850 (The Melrose Midtown 433 sqft 1 bed studio currently rents for $850 https://taluspm.appfolio.com/listings/detail/07edf371-6022-44e5-9b44-ee63ca4705fb). 23 1bed/1bath units Onsite Laundry Masonry Exterior Update wiring New Roof Most units renovated.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 23 | $625.00 | 450 |
Property Taxes
| Parcel Number | 01-5029-0-0024 | Improvements Assessment | $402,480 |
| Land Assessment | $13,800 | Total Assessment | $416,280 |
Property Taxes
Parcel Number
01-5029-0-0024
Land Assessment
$13,800
Improvements Assessment
$402,480
Total Assessment
$416,280
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