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Baymont by Wyndham Memphis East 6020 Shelby Oaks Dr 97 Pièce Hôtel Memphis, TN 38134 2 834 860 $ CAD (29 225 $ CAD/Pièce)
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Multifamily conversion opportunity!
- Call listing broker Lea Heilig at 901-767-1998 to inquire
- Visit our dedicated listing website for floorplans and more information
Résumé de l'annonce
Property Description
80-Unit Apartment Redevelopment Opportunity
Bartlett, TN | Memphis MSA
Vacant 97-key hospitality asset
Year Built: 1985
Preliminary 80-unit apartment conversion concept
New roof installed and significant remediation performed
Existing elevator and common-area infrastructure in place
Asking Price: $2,000,000 I $25,000 per Proposed Units
Proforma NOI: $405,000
?Projected Cash-on-Cash Return: 19.8%
Yield on Cost at Stabilization: 8.0% *
* All projections should be independently evaluated and verified
INVESTMENT RATIONALE
?• Significant Discount to Replacement Cost - Offered at $25,000 per proposed unit versus estimated New Construction costs of $175,000 - $195,000+/Unit
• Adaptive Reuse Economics - Existing structure, elevator, parking and common area infrastructure may reduce development costs versus ground-up construction
?• Supply-Constrained Submarket - Bartlett, one of Memphis' most desirable suburbs has limited multifamily inventory, favorably demographic trends, and virtually no competing new supply beyond the final phase of The Westerly Apartments currently underway
• Differentiated Housing Product – Proposed studio and one-bedroom unit mix targets demand from workforce renters, young professionals, students, and single-person households in a market dominated by aging conventional apartment communities
• Clear Redevelopment Path – Following a 2022 exterior fire with no reported structural fire damage, substantial remediation was performed, a new roof was installed, preliminary conversion plans were prepared, and the Property remains active within the Neighborhood Preservation Act process supporting continued rehabilitation.
80-Unit Apartment Redevelopment Opportunity
Bartlett, TN | Memphis MSA
Vacant 97-key hospitality asset
Year Built: 1985
Preliminary 80-unit apartment conversion concept
New roof installed and significant remediation performed
Existing elevator and common-area infrastructure in place
Asking Price: $2,000,000 I $25,000 per Proposed Units
Proforma NOI: $405,000
?Projected Cash-on-Cash Return: 19.8%
Yield on Cost at Stabilization: 8.0% *
* All projections should be independently evaluated and verified
INVESTMENT RATIONALE
?• Significant Discount to Replacement Cost - Offered at $25,000 per proposed unit versus estimated New Construction costs of $175,000 - $195,000+/Unit
• Adaptive Reuse Economics - Existing structure, elevator, parking and common area infrastructure may reduce development costs versus ground-up construction
?• Supply-Constrained Submarket - Bartlett, one of Memphis' most desirable suburbs has limited multifamily inventory, favorably demographic trends, and virtually no competing new supply beyond the final phase of The Westerly Apartments currently underway
• Differentiated Housing Product – Proposed studio and one-bedroom unit mix targets demand from workforce renters, young professionals, students, and single-person households in a market dominated by aging conventional apartment communities
• Clear Redevelopment Path – Following a 2022 exterior fire with no reported structural fire damage, substantial remediation was performed, a new roof was installed, preliminary conversion plans were prepared, and the Property remains active within the Neighborhood Preservation Act process supporting continued rehabilitation.
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
Faits sur la propriété
| Prix | 2 834 860 $ CAD | Taille du bâtiment | 43 710 pi² |
| Prix par chambre | 29 225 $ CAD | Nombre de pièces | 97 |
| Type de vente | Investissement | Nombre d’étages | 3 |
| Type de propriété | Services hôteliers | Année de construction/rénovation | 1985/2022 |
| Sous-type de propriété | Hôtel | Ratio de stationnement | 4,58/1 000 pi² |
| Classe d’immeuble | C | Corridor | Intérieur |
| Taille du lot | 2,28 AC | ||
| Zonage | EMP | ||
| Prix | 2 834 860 $ CAD |
| Prix par chambre | 29 225 $ CAD |
| Type de vente | Investissement |
| Type de propriété | Services hôteliers |
| Sous-type de propriété | Hôtel |
| Classe d’immeuble | C |
| Taille du lot | 2,28 AC |
| Taille du bâtiment | 43 710 pi² |
| Nombre de pièces | 97 |
| Nombre d’étages | 3 |
| Année de construction/rénovation | 1985/2022 |
| Ratio de stationnement | 4,58/1 000 pi² |
| Corridor | Intérieur |
| Zonage | EMP |
Pièce renseignements sur le mélange
| Description | Nombre de pièces | Taux quotidien | pi² |
|---|---|---|---|
| Suite | 9 | 110,56 $ CAD | - |
| Guest Room | 88 | 80,79 $ CAD | - |
1 1
Assez accessible à pied
40/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Plutôt accessible en vélo
50/100
Impôts fonciers
| Numéro de lot | 08-9044-0-0157 | Évaluation des bâtiments | 1 683 283 $ CAD |
| Évaluation du terrain | 163 345 $ CAD | Évaluation totale | 1 846 628 $ CAD |
Impôts fonciers
Numéro de lot
08-9044-0-0157
Évaluation du terrain
163 345 $ CAD
Évaluation des bâtiments
1 683 283 $ CAD
Évaluation totale
1 846 628 $ CAD
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Baymont by Wyndham Memphis East | 6020 Shelby Oaks Dr
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