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3896 Chippewa Rd
Memphis, TN 38118 Parkway Village

Price Upon Request

Apartments For Sale  •  511,760 SF

Property Details

  • Property Type Apartments
  • Total Building Size 511,760 SF
  • Lot Size 29.19 AC
  • Building Class A
  • Year Built 1972
  • Zoning RU-3
38 Transit Score
41 Walk Score

Highlights

In-place rents are 66% percent below HUD’s 2024 Fair Market Rents
Full-scale interior unit renovation of class A level was finished in 2022
No property taxes for 20 years via Payment In Lieu Of Taxes (PILOT) program
An unconventional value-adding opportunity that necessitates minimal capital investment
Immediate access to major Memphis employers
Available free & clear (no assumable debt)

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Fenced Lot
  • Fitness Center
  • Playground
  • Pool
  • Tenant Controlled HVAC
  • Washer/Dryer
  • Gated
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Sprinkler System
  • Range
  • Walk-In Closets
  • Maintenance on site
  • Online Services
  • Grill
  • Deck
  • Den
  • Dining Room
  • Double Pane Windows
  • Family Room
  • Freezer
  • Garden
  • Lawn
  • Office
  • Patio
  • Porch
  • Wheelchair Accessible (Rooms)
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Memphis International 9 min - 5.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1176
Type: Surface
Included in Rent: Yes