Woodland Station Condos | 3455 Pruett Ct
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Woodland Station Condos 3455 Pruett Ct
52 Unit Apartment Building $6,240,000 ($120,000/Unit) Memphis, TN 38111
Executive Summary
Walking distance to the University of Memphis, the FedEx Technology Center, The University Holiday Inn, the new Highland Strip entertainment district, the new multimillion athletic center, and the recently renovated $30M Leftwich Tennis Center - named by USTA as a Featured Facility of the Year. This area is changing fast!
52 of 66 spacious two-story condo townhomes featuring refrigerator, stove, disposal, dishwasher, three large walk-in closets, and private patios with common laundry area. Fenced and gated parking with tons of interior and exterior upgrades taking this property to the next level!
Under the careful guidance of ownership and management, the rents have recently moved from an average of $718 per month in the area to $1,295 at the subject property! Approximately 20 more apartments can be upgraded to the $1,295 rents with minor improvements. The owner is moving on and leaving the remaining upside for you - local management would like to stay in place making this an easy transition.
52 of 66 spacious two-story condo townhomes featuring refrigerator, stove, disposal, dishwasher, three large walk-in closets, and private patios with common laundry area. Fenced and gated parking with tons of interior and exterior upgrades taking this property to the next level!
Under the careful guidance of ownership and management, the rents have recently moved from an average of $718 per month in the area to $1,295 at the subject property! Approximately 20 more apartments can be upgraded to the $1,295 rents with minor improvements. The owner is moving on and leaving the remaining upside for you - local management would like to stay in place making this an easy transition.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $6,240,000 | Lot Size | 1.32 AC |
| Price Per Unit | $120,000 | Building Size | 54,600 SF |
| Sale Type | Investment | Average Occupancy | 96% |
| No. Units | 52 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.56/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $6,240,000 |
| Price Per Unit | $120,000 |
| Sale Type | Investment |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.32 AC |
| Building Size | 54,600 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2024 |
| Parking Ratio | 2.56/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Tenant Controlled HVAC
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 52 | - | 1,050 |
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Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (71)
zoning
| Zoning Code | RMM |
| RMM |
-
Steve Woodyard -
Woodyard Realty Corporation
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Woodland Station Condos | 3455 Pruett Ct
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