Ivy Chase Apartments | 3130 S Mendenhall Rd
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Ivy Chase Apartments 3130 S Mendenhall Rd
171 Unit Apartment Building $12,825,000 ($75,000/Unit) Memphis, TN 38115
Executive Summary
The Ivy Chase Apartments offers a value-added opportunity to investors through improved operations and stabilization. The property is a Section 42 LIHTC complex, and its townhouse and flat-styled apartments are fully occupied. Due to its last renovations taking place in 2006/2007, its potential is tremendous. No Financials!!! No Financials!!! No Financials!!!
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Price | $12,825,000 | Building Class | C |
Price Per Unit | $75,000 | Lot Size | 5.52 AC |
Sale Type | Investment | Building Size | 135,320 SF |
No. Units | 171 | Average Occupancy | 97% |
Property Type | Multifamily | No. Stories | 3 |
Property Subtype | Apartment | Year Built | 1973 |
Apartment Style | Garden | Parking Ratio | 3.31/1,000 SF |
Price | $12,825,000 |
Price Per Unit | $75,000 |
Sale Type | Investment |
No. Units | 171 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 5.52 AC |
Building Size | 135,320 SF |
Average Occupancy | 97% |
No. Stories | 3 |
Year Built | 1973 |
Parking Ratio | 3.31/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Refrigerator
- Oven
- Carpet
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 45 | - | 455 - 728 |
2+1 | 45 | - | 939 |
2+1.5 | 43 | - | 939 |
3+2 | 38 | - | 1,346 |
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PROPERTY TAXES
Parcel Number | 07-4074-0-0028 | Improvements Assessment | $663,680 |
Land Assessment | $199,080 | Total Assessment | $862,760 |
PROPERTY TAXES
Parcel Number
07-4074-0-0028
Land Assessment
$199,080
Improvements Assessment
$663,680
Total Assessment
$862,760
zoning
Zoning Code | C-L |
C-L |
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Ivy Chase Apartments | 3130 S Mendenhall Rd
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