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Hollywood Square 170 N Hollywood St 52 Unité Immeuble d’appartements 8 097 632 $ CAD (155 724 $ CAD/Unité) Memphis, TN 38112
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Call listing agent Lea Heilig at 901-767-1998 for more information
- Visit our dedicated listing page for more information and financials
- OM available in data room
Résumé de l'annonce
Turnkey Class A Renovation I 2020 Exhaustive Rehab
52 Residences
Midtown I Memphis MSA
Opportunity Zone | Offered Below Replacement Cost
$5,900,000 | $113K/Unit
Proforma NOI: $398,000 | Proforma Cap: 6.75%
Hollywood Square is a renovated 52-unit multifamily community in Midtown Memphis. Renovated in 2020, the property offers investors a turnkey opportunity at a price well below replacement cost and prior ownership basis, with additional upside through operational efficiencies and expense optimization.
Located between the Medical District, Downtown, and East Memphis, the property features modernized interiors, upgraded building systems, controlled-access parking, and convenient access to Midtown’s top dining, entertainment, and employment centers. Since renovation, Hollywood Square has maintained strong renter demand and stable 90%+ occupancy.
Investment Highlights
Turnkey 2020 Renovation — Comprehensive 2020 rehab minimizes near-term capital expenditures
Basis Below Replacement Cost — Offered below prior ownership basis (- ~20%) and current replacement cost
Operational Upside — Underwritten on historical revenue with proven occupancy and operational restructuring supporting achievable NOI growth
Modern Interiors — All new kitchens and baths, quartz countertops, stainless appliances, in-unit washer/dryers
Midtown Infill Location — Centrally located between the Medical District, Downtown, and East Memphis employment corridors
Proven Renter Acceptance Post-Renovation — Originally well received following renovation with durable renter appeal and historically stable 90%+ occupancy
Opportunity Zone — OZ designation offering potential tax advantages for qualifying investors
Emerging Macro Tailwinds — Long-term demand supported by St. Jude expansion, Medical District investment, and growing AI/data infrastructure activity throughout Memphis
Continued Reinvestment in Immediate Micro-Location — Ongoing reinvestment within the surrounding corridor may create future opportunities to expand operational scale through additional multifamily acquisitions
Details Available Upon Request.
52 Residences
Midtown I Memphis MSA
Opportunity Zone | Offered Below Replacement Cost
$5,900,000 | $113K/Unit
Proforma NOI: $398,000 | Proforma Cap: 6.75%
Hollywood Square is a renovated 52-unit multifamily community in Midtown Memphis. Renovated in 2020, the property offers investors a turnkey opportunity at a price well below replacement cost and prior ownership basis, with additional upside through operational efficiencies and expense optimization.
Located between the Medical District, Downtown, and East Memphis, the property features modernized interiors, upgraded building systems, controlled-access parking, and convenient access to Midtown’s top dining, entertainment, and employment centers. Since renovation, Hollywood Square has maintained strong renter demand and stable 90%+ occupancy.
Investment Highlights
Turnkey 2020 Renovation — Comprehensive 2020 rehab minimizes near-term capital expenditures
Basis Below Replacement Cost — Offered below prior ownership basis (- ~20%) and current replacement cost
Operational Upside — Underwritten on historical revenue with proven occupancy and operational restructuring supporting achievable NOI growth
Modern Interiors — All new kitchens and baths, quartz countertops, stainless appliances, in-unit washer/dryers
Midtown Infill Location — Centrally located between the Medical District, Downtown, and East Memphis employment corridors
Proven Renter Acceptance Post-Renovation — Originally well received following renovation with durable renter appeal and historically stable 90%+ occupancy
Opportunity Zone — OZ designation offering potential tax advantages for qualifying investors
Emerging Macro Tailwinds — Long-term demand supported by St. Jude expansion, Medical District investment, and growing AI/data infrastructure activity throughout Memphis
Continued Reinvestment in Immediate Micro-Location — Ongoing reinvestment within the surrounding corridor may create future opportunities to expand operational scale through additional multifamily acquisitions
Details Available Upon Request.
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
Faits sur la propriété
| Prix | 8 097 632 $ CAD | Taille du lot | 3,01 AC |
| Prix par unité | 155 724 $ CAD | Taille du bâtiment | 55 151 pi² |
| Type de vente | Investissement | Occupation moyenne | 92% |
| Nombre d’unités | 52 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1952/2002 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,88/1 000 pi² |
| Style d’appartement | Jardin | Zone de développement économique |
Oui
|
| Classe d’immeuble | C | ||
| Zonage | RMM | ||
| Prix | 8 097 632 $ CAD |
| Prix par unité | 155 724 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 52 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | C |
| Taille du lot | 3,01 AC |
| Taille du bâtiment | 55 151 pi² |
| Occupation moyenne | 92% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1952/2002 |
| Ratio de stationnement | 1,88/1 000 pi² |
| Zone de développement économique |
Oui |
| Zonage | RMM |
Commodités
Commodités des unités
- Climatisation
- Cuisine
- Réfrigérateur
- Four
- Fourchette
- Bain/Douche
- Tapis
- Accessible aux fauteuils roulants (chambres)
Commodités du site
- Accès 24 heures
- Accès contrôlé
- Terrain clôturé
- Installations de lessive
- CVCA contrôlé par le locataire
- Clôturé
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 2+1 | 32 | - | 1 000 |
| 2+2 | 4 | - | 1 200 |
| 3+1 | 16 | - | 1 200 |
1 1
Moyennement practicable à pied
60/100
Très facile d'accès en voiture
80/100
Transports en commun limités
30/100
Plutôt praticable en vélo
50/100
Impôts fonciers
| Numéro de lot | 03-3012-0-0025 | Évaluation des bâtiments | 1 303 307 $ CAD |
| Évaluation du terrain | 359 480 $ CAD | Évaluation totale | 1 662 787 $ CAD |
Impôts fonciers
Numéro de lot
03-3012-0-0025
Évaluation du terrain
359 480 $ CAD
Évaluation des bâtiments
1 303 307 $ CAD
Évaluation totale
1 662 787 $ CAD
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Vidéos
Visite extérieure 3D Matterport
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Photos
Vue depuis la rue
Rue
Carte
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Présenté par
Hollywood Square | 170 N Hollywood St
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