3081 ST CHARLES AVE, Memphis, Tennessee, 38127
$4,500,000
Condo/ Townhome/ Apartment
We are pleased to present Whitney Manor Apartments, a premier value-add investment opportunity comprising 96 units. Currently, approximately 81 of these units have been fully renovated, 14 can be easily turned and 1 unit is a hard turn, with the property operating at about 65% occupancy. Upon completion of the remaining renovations, we anticipate a swift lease-up period that will significantly enhance rental income, thereby maximizing investor returns. This is an incredible opportunity to invest in a property with solid fundamentals and substantial upside potential.
Total Number of Units : 96
Number 1 Bedroom Units : 2
Number 2 Bedroom Units : 64
Number 3 Bedroom Units : 30
Number of Other Units : 0
Parking Facility : Asphalt/Blacktop
Roof : Shingle/Shake
APPLIANCES / EQUIPMENT :
Units Type: 1 BR - 1 Bath,2 BR - 1 Bath,2 BR - 1+ Baths,3 BR - 1 Bath,3 BR - 1+ Baths
Heating : Central
Cooling : Central
Construction : Brick
Foundation : Slab
Laundry : Connections
Floors/Ceilings : Other (See Remarks)
Street Address: 3081 ST CHARLES AVE
City: Memphis
State: Tennessee
Postal Code: 38127
County: Shelby
MLS Number: 10191309
Year Built: 1968
Courtesy of Braden, Braden & Braden LLC
Courtesy of eXp Realty