Price Upon Req.Size Upon Req.
Auction.com and CBRE are pleased to present the opportunity to acquire Kimball Park, formerly a 192-unit apartment community in Memphis, TN 38114. The property sits on 7.86 acres. The site is currently vacant and many of the buildings are severely distressed, but there is opportunity to create new value through renovation or new construction. The site is located in the East Winchester submarket of Memphis, TN. The property is three miles from the Memphis International Airport, which provides one of every three jobs in the city. Additionally, the area surrounding the airport is the region's largest concentration of distributionspace - all feeding off of the logistical benefits of the airport. There is over 130 million square feet of distribution space in this area.Other major employers located close to the property include: Smith & Nephew, Medtronic, Delta Medical Center, and Technicolor. Memphis Depot Business Park is located one mile from the property. More than 1,300 employees work at the Depot's 30 tenants. The University of Memphis, which has 22,000 students and 2,500 employees, is located two miles northeast of the property.
Three multifamily properties offered! Can be acquired individually or as a package. Minor Oaks Apartment features 22 units consisting of one and two bedroom units. Great upside opportunity! Note: Per seller, the purchaser's agent to be paid by purchaser.
This is a rare opportunity in a fast moving market to acquire the newly renovated Graceland Farms Apartments at an above market cap rate. The property features laminate hardwood flooring to save on the costs associated with carpet, updated kitchens with new appliances, and all new HVAC 410A high seer units. This incredible location is near three schools, Elvis' home - Graceland, Memphis' largest logistics employment center, shopping, and the Interstate 55. The complete renovation offers new black appliances laminate hardwood floors, huge closets and living area, and onsite laundry facility. Kids can walk to three schools to there is no reason for the parents to move minimizing turnover cost! Offered to principals only.
To view the detail property information immediately for this property or ~20 other multifamily listings go to www.WoodyardRealty.com. A very rare opportunity to acquire 30 single family homes from one owner at a 12% cap rate based on 2014 performance!
Great income producing property, very well kept. All units have tenants with contracts. There is also an excellent manager in place.
$250,000Size Upon Req.
Great rental potential income. Property has 21 lots, which 9 are rented and 6 of the trailers are owned and rented. Property also includes a 2-3BR/2BA brick home rented for 600.00/month. Mobile home lots rent for $85.00/month. All owned mobile homes have CHA except one. Tenants pay utilities. Four owned mobile homes have outdoor storage buildings. One has covered parking and covered back porch. Rental income is $3,500 less the Maintenance person's rental. (MA)
Extra nice units. 18 units and Manager lives in 1 unit free. Seller pays utilities. 2BR rents for $675 and 1BR rents for $625. (RW)
This property includes a Duplex 3 BR and 2BA, a 3 BR House with approx 1600 sq feet and a 1.04 ac vacant commerical lot (ideal for apartments, duplex) already zoned B5. Entire property Zoned B5. 3 BR house usually rents for $800 per month. Duplex is rented for gross rent of approximately $1300 per month.
Good, solid submarket of Nashville. Individually metered electric, water, and gas. tðAll townhomes have washer dryer connections. tðEach unit 865 square feet. tðThe property was built as condos with separate deeds. tð Terrific Value Add for future exit strategy
Parcel 1 - 36 Fee Simple Townhomes AGE:7794 7796 Hickory Meadow built 1984 7786 7792 Hickory Meadow built 1986 7770 7784 Hickory Meadow built 1987 7751 7779 Biloxi CV built 1987 7750 7772 Biloxi CV built 1989 Exterior: Brick Veneer; - Roof: Architectural Shingles: ave age 1.5 yrs.; - HVAC: range 1 to 7 yrs. ave 4.5 yrs.; - Water Heater: range 1 to 8 yrs. ave 5 yrs. Appliances: Stove/Oven, Dishwasher, Vent hood, Disposal: range 1 to 10 yrs. ave 5 yrs.; - Carpet: range 1 to 4 yrs. ave 2 yrs.; - Washer/Dryer hookups Parcel 2 - 5 Fee Simple Townhomes AGE: 7778 Biloxi CV units #101, #102, #103, #104, #105 Built 1989 Exterior: Brick Veneer; - Roof: Architectural Shingles: age 1.5 yrs.; HVAC: range 1 to 7 yrs. ave 4.5 yrs.; - Water Heater: range 1 to 8 yrs. ave 5 yrs. Appliances: Stove/Oven, Dishwasher, Vent hood, Disposal: range 1 to 10 yrs. ave 5 yrs.; - Carpet: range 1 to 4 yrs. ave 2 yrs.; - Washer/Dryer hookups