1429 Court Ave | Memphis, TN 38104
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- LoopNet Team
1429 Court Ave
Memphis, TN 38104
40 Court "The Grove of Midtown Apartments" · Multifamily Property For Sale
·
40 Units
INVESTMENT HIGHLIGHTS
- Location! Location! Midtown Medical District!
- Open Floor Plan
- Lots of Natural Light
- Market Rent $950 plus for the area
PROPERTY FACTS
| No. Units | 40 | Building Size | 26,400 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1962/2019 |
| Building Class | C | Parking Ratio | 1.1/1,000 SF |
| Lot Size | 0.72 AC | ||
| Zoning | RU-4 - Residential | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 26,400 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2019 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | RU-4 - Residential |
AMENITIES
UNIT AMENITIES
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | $750.00 | 500 - 550 |
| 2+1 | 8 | $850.00 | 600 - 650 |
PROPERTY TAXES
| Parcel Number | 01-7022-0-0004C | Improvements Assessment | $888,035 |
| Land Assessment | $64,052 | Total Assessment | $952,087 |
PROPERTY TAXES
Parcel Number
01-7022-0-0004C
Land Assessment
$64,052
Improvements Assessment
$888,035
Total Assessment
$952,087
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