Log In/Sign Up
Your email has been sent.
Hilltop Apartments 1222 Aubra Rd 34 Unit Apartment Building $4,734,969 CAD ($139,264 CAD/Unit) Memphis, TN 38111
Investment Highlights
- Newly Renovated
- 100% occupied
- Security gate along with privacy fence around entire property with phone activated security gates.
Executive Summary
Multifamily • 34 Units •
Completely renovated from top to bottom.? Sellers took it down to the studs replacing all plumbing, electrical, HVAC, including duct work, insulation, new roofs on all buildings, high privacy fence around the entire property, granite counter tops, stainless steel appliances, laminate flooring, new bathtubs, new railing, phone activated security gates and security cameras. I was there most weeks during the 18 month rehab and saw where no corners were cu.t For example, each building has a six inch drain going to the sewer when code calls for four. Leasing office and laundry room on site. Located just a couple miles from the University of Memphis the could easily be turned into student housing. The sellers were able to lease the entire complex within a couple months of the renovation being complete.
Completely renovated from top to bottom.? Sellers took it down to the studs replacing all plumbing, electrical, HVAC, including duct work, insulation, new roofs on all buildings, high privacy fence around the entire property, granite counter tops, stainless steel appliances, laminate flooring, new bathtubs, new railing, phone activated security gates and security cameras. I was there most weeks during the 18 month rehab and saw where no corners were cu.t For example, each building has a six inch drain going to the sewer when code calls for four. Leasing office and laundry room on site. Located just a couple miles from the University of Memphis the could easily be turned into student housing. The sellers were able to lease the entire complex within a couple months of the renovation being complete.
Property Facts
| Price | $4,734,969 CAD | Building Class | C |
| Price Per Unit | $139,264 CAD | Lot Size | 2.28 AC |
| Sale Type | Investment | Building Size | 30,976 SF |
| No. Units | 34 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1964/2026 |
| Apartment Style | Garden | Parking Ratio | 2.1/1,000 SF |
| Zoning | RU-3 - Urban Residential | ||
| Price | $4,734,969 CAD |
| Price Per Unit | $139,264 CAD |
| Sale Type | Investment |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.28 AC |
| Building Size | 30,976 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2026 |
| Parking Ratio | 2.1/1,000 SF |
| Zoning | RU-3 - Urban Residential |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 34 | - | 1,100 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 05-9056-0-0027 | Improvements Assessment | $66,879 CAD |
| Land Assessment | $78,471 CAD | Total Assessment | $145,350 CAD |
Property Taxes
Parcel Number
05-9056-0-0027
Land Assessment
$78,471 CAD
Improvements Assessment
$66,879 CAD
Total Assessment
$145,350 CAD
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Mid-South Realty, Inc.
Hilltop Apartments | 1222 Aubra Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.