775 Melrose St | Memphis, TN 38104
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- LoopNet Team
775 Melrose St
Memphis, TN 38104
The Melrose Midtown · Multifamily Property For Sale
·
94 Units
Investment Highlights
- Recently-renovated, award-winning, higher-end property
- Upside potential
- Near the Medical District and close to most major employers
Property Facts
| No. Units | 94 | Building Size | 113,200 SF |
| Property Type | Multifamily | Average Occupancy | 91% |
| Property Subtype | Apartment | No. Stories | 7 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1959/2019 |
| Building Class | A | Parking Ratio | 1.22/1,000 SF |
| Lot Size | 1.89 AC | ||
| Zoning | RU4 - Medium Density Urban | ||
| No. Units | 94 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 1.89 AC |
| Building Size | 113,200 SF |
| Average Occupancy | 91% |
| No. Stories | 7 |
| Year Built/Renovated | 1959/2019 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | RU4 - Medium Density Urban |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Heating
- Ceiling Fans
- Granite Countertops
- Ice Maker
- Tub/Shower
- Walk-In Closets
- Island Kitchen
Site Amenities
- Business Center
- Controlled Access
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Gated
- Disposal Chutes
- Furnished Units Available
- Grill
- Smoke Free
- Bicycle Storage
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | 434 |
| 1+1 | 41 | - | 780 - 1,009 |
| 2+1 | 10 | - | 1,067 |
| 2+2 | 34 | - | 1,303 - 1,509 |
Property Taxes
| Parcel Number | 01-5008-0-0004 | Improvements Assessment | $2,245,640 |
| Land Assessment | $42,600 | Total Assessment | $2,288,240 |
Property Taxes
Parcel Number
01-5008-0-0004
Land Assessment
$42,600
Improvements Assessment
$2,245,640
Total Assessment
$2,288,240
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