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Woodtrail Apartment 3610 Spottswood 29 Unit Apartment Building $3,181,797 CAD ($109,717 CAD/Unit) Memphis, TN 38111

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EXECUTIVE SUMMARY

Woodtrail Apartments offers a compelling multifamily investment opportunity located in a federally designated Opportunity Zone, just steps from the University of Memphis. This 1- and 2-bedroom townhome-style community features spacious floor plans with private balconies or patios, and has recently undergone key upgrades that position it for long-term value appreciation.
In 2022-2024, significant capital improvements were completed, including:
New luxury vinyl tile (LVT) flooring
Updated appliances and fresh paint
Installation of double-pane insulated windows on all ground-level units
Each unit is equipped with washer/dryer connections, enhancing convenience and tenant appeal. The property's townhome layout, private outdoor spaces, and walkability to a major university make it attractive to both students and long-term renters.
With physical upgrades already in place and the added benefit of Opportunity Zone tax incentives, the property presents investors with a rare blend of stability, upside potential, and strategic location in one of Memphis’s most consistently performing rental corridors.
Lender has preapproved the property for a loan! See document portal on property website for details.

Offering Memorandum

PROPERTY FACTS

Price	$3,181,797 CAD	Lot Size	0.91 AC
Price Per Unit	$109,717 CAD	Building Size	26,800 SF
Sale Type	Investment	Average Occupancy	86%
No. Units	29	No. Stories	2
Property Type	Multifamily	Year Built	1975
Property Subtype	Apartment	Parking Ratio	1.49/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C
Zoning	RS-6

Price	$3,181,797 CAD
Price Per Unit	$109,717 CAD
Sale Type	Investment
No. Units	29
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.91 AC
Building Size	26,800 SF
Average Occupancy	86%
No. Stories	2
Year Built	1975
Parking Ratio	1.49/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RS-6