The Wendell | 2038 Southern Ave
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The Wendell 2038 Southern Ave
24 Unit Apartment Building $3,120,000 ($130,000/Unit) Memphis, TN 38114
Executive Summary
Newly renovated in 2022!
The property is stabilized and turn-key. In Memphis' historic Cooper Young district: a hot spot for restaurants, bars, and the arts.
Renovation included new flooring, updated kitchens, fully-finished bathrooms, exterior finished, and beautiful landscaping. All units equipped with stacked washer/dryers.
The property is stabilized and turn-key. In Memphis' historic Cooper Young district: a hot spot for restaurants, bars, and the arts.
Renovation included new flooring, updated kitchens, fully-finished bathrooms, exterior finished, and beautiful landscaping. All units equipped with stacked washer/dryers.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,120,000 | Building Class | C |
| Price Per Unit | $130,000 | Lot Size | 0.84 AC |
| Sale Type | Investment | Building Size | 15,822 SF |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.52/1,000 SF |
| Apartment Style | Garden |
| Price | $3,120,000 |
| Price Per Unit | $130,000 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.84 AC |
| Building Size | 15,822 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2022 |
| Parking Ratio | 1.52/1,000 SF |
Unit Amenities
- Heating
- Tile Floors
- Tub/Shower
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 650 |
| 2+1 | 12 | - | 900 |
Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 03-1117-0-0014 | Improvements Assessment | $213,280 |
| Land Assessment | $36,720 | Total Assessment | $250,000 |
PROPERTY TAXES
Parcel Number
03-1117-0-0014
Land Assessment
$36,720
Improvements Assessment
$213,280
Total Assessment
$250,000
zoning
| Zoning Code | RMM |
| RMM |
-
Worth Woodyard -
Woodyard Realty Corporation
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The Wendell | 2038 Southern Ave
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