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2973 Getwell Rd
Memphis, TN 38118

Medical Park Apartments · Multifamily Property For Sale · 177 Units

PROPERTY FACTS

No. Units 177
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 7.34 AC
Building Size 191,156 SF
Average Occupancy 100%
No. Stories 2
Year Built 1967
Parking Ratio 1.83/1,000 SF

UNIT AMENITIES

  • Heating
  • Kitchen
  • Refrigerator
  • Range

SITE AMENITIES

  • Laundry Facilities

ABOUT 2973 GETWELL RD , MEMPHIS, TN 38118

Medical Park Apartments is an outstanding value-add opportunity that features a state-of-the-art, real time monitoring system like you have never seen before! The system includes the following: 1) 16 channel Digital Video Recorder--high capacity memory, real time recording & operation software installed 2) 13 Sony Pan-Tilt-Zoom cameras-36x zoom, day/night function, auto-tracking, wireless compatibility 3) 3 fixed cameras with day/night function 4) 50" LCD TV for office monitoring 5) amplifier with 8 outdoor speakers compatible with the above system 6) Entire system is internet based and compatible with cell phones 7) The system is compatible with the Memphis Police Department 8) The system is mainly hardwired with a few wireless cameras Once the property is stabilized and leased up to 90% occupancy the technology & management systems mentioned above will make this property stand out for re-sale opportunities or long term cash flow.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 10 - 671
2+2 163 - 807
3+2 4 - 1,000

PROPERTY TAXES

ZONING

Zoning Code R-MM
  • Listing ID: 13310131

  • Date on Market: 7/27/2018

  • Last Updated:

  • Address: 2973 Getwell Rd, Memphis, TN 38118