Madison East Apartments | 2780 Madison Ave
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Madison East Apartments 2780 Madison Ave Immeuble residentiel 64 lots 4 484 878 € (70 076 €/Lot) Memphis, TN 38111
Certaines informations ont été traduites automatiquement.
RÉSUMÉ ANALYTIQUE
MADISON EAST APARTMENTS
2780 Madison Avenue, Memphis, TN 38111
64 Units
Built 1967
Proforma Cap Rate 7.75%
Proforma Cash on Cash 8.35% (or 10.5% with 2 year IO) *
* Proforma. Based on Agency Financing
ALSO AVAILABLE: 3 Duplex / 3 SF Home Portfolio offering opportunity to control entire city block!
(See Document Center and OM for Pricing and Details)
LOCATION HIGHLIGHTS
Strategically positioned midway between the densely developed employment anchors of East and Midtown Memphis.
Near Existing Job Anchors
105,000+ Jobs combined in Midtown’s Medical District and Downtown’s Central Business District
Convenient to 110,000+ Jobs White Collar Office Hub surrounding the I-240/Poplar node in East Memphis.
Close to Thousands of New Jobs near Health Care Expansion
Over $14.2 Billion in medical campus expansion underway and in planning for St. Jude Children's Hospital and the newly announced Regional One Health hospital campus
Emerging Market for Artificial Intelligence
Coupled with the Memphis regions’ logistics empire, the emerging sector of AI spearheaded by Elon Musk’s xAI’s expansion into the city, is expected to mushroom Memphis’ economy. By some sources, xAI’s $20 Billion investment is poised to exceed $50 Billion when considering hardware, infrastructure, and operational expenditures.
INVESTMENT HIGHLIGHTS
Consistent Historical Operations:
Stable 90%+ occupancy. Well-maintained, newly paved with perimeter fencing, 66% of units are updated with upgraded baths, new flooring, refaced/refinished cabinets, while 34% of Legacy Units offer untapped value-add potential.
High Demand and ROI:
Apartment fundamentals improved in Q1 as demand outpaced supply. Increased renter retention and tapering construction favor multifamily performance over the longer term.
Coupled with rising job opportunities [new 1000-job Amazon facility, xAI, and ongoing health care expansion], and with high homeownership costs, Memphis is poised to see an unprecedented demand for rentals, offering stronger cash flow potential for investors with significant appreciation to follow.
2780 Madison Avenue, Memphis, TN 38111
64 Units
Built 1967
Proforma Cap Rate 7.75%
Proforma Cash on Cash 8.35% (or 10.5% with 2 year IO) *
* Proforma. Based on Agency Financing
ALSO AVAILABLE: 3 Duplex / 3 SF Home Portfolio offering opportunity to control entire city block!
(See Document Center and OM for Pricing and Details)
LOCATION HIGHLIGHTS
Strategically positioned midway between the densely developed employment anchors of East and Midtown Memphis.
Near Existing Job Anchors
105,000+ Jobs combined in Midtown’s Medical District and Downtown’s Central Business District
Convenient to 110,000+ Jobs White Collar Office Hub surrounding the I-240/Poplar node in East Memphis.
Close to Thousands of New Jobs near Health Care Expansion
Over $14.2 Billion in medical campus expansion underway and in planning for St. Jude Children's Hospital and the newly announced Regional One Health hospital campus
Emerging Market for Artificial Intelligence
Coupled with the Memphis regions’ logistics empire, the emerging sector of AI spearheaded by Elon Musk’s xAI’s expansion into the city, is expected to mushroom Memphis’ economy. By some sources, xAI’s $20 Billion investment is poised to exceed $50 Billion when considering hardware, infrastructure, and operational expenditures.
INVESTMENT HIGHLIGHTS
Consistent Historical Operations:
Stable 90%+ occupancy. Well-maintained, newly paved with perimeter fencing, 66% of units are updated with upgraded baths, new flooring, refaced/refinished cabinets, while 34% of Legacy Units offer untapped value-add potential.
High Demand and ROI:
Apartment fundamentals improved in Q1 as demand outpaced supply. Increased renter retention and tapering construction favor multifamily performance over the longer term.
Coupled with rising job opportunities [new 1000-job Amazon facility, xAI, and ongoing health care expansion], and with high homeownership costs, Memphis is poised to see an unprecedented demand for rentals, offering stronger cash flow potential for investors with significant appreciation to follow.
DATA ROOM Cliquez ici pour accéder à
- Offering Memorandum
INFORMATIONS SUR L’IMMEUBLE
| Prix | 4 484 878 € | Classe d’immeuble | C |
| Prix par lot | 70 076 € | Surface du lot | 1,04 ha |
| Type de vente | Investissement | Surface de l’immeuble | 6 581 m² |
| Nb de lots | 64 | Occupation moyenne | 98% |
| Type de bien | Immeuble residentiel | Nb d’étages | 2 |
| Sous-type de bien | Appartement | Année de construction/rénovation | 1967/1980 |
| Style d’appartement | Avec jardin | Ratio de stationnement | 0,14/1 000 m² |
| Zonage | RU-3 - Mixed Use Residential Zoning | ||
| Prix | 4 484 878 € |
| Prix par lot | 70 076 € |
| Type de vente | Investissement |
| Nb de lots | 64 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | Avec jardin |
| Classe d’immeuble | C |
| Surface du lot | 1,04 ha |
| Surface de l’immeuble | 6 581 m² |
| Occupation moyenne | 98% |
| Nb d’étages | 2 |
| Année de construction/rénovation | 1967/1980 |
| Ratio de stationnement | 0,14/1 000 m² |
| Zonage | RU-3 - Mixed Use Residential Zoning |
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Climatisation
- Prêt pour le câble
- Lave-vaisselle
- Chauffage
- Ventilateurs de plafond
- Sols carrelés
- Cuisine
- Machine à glace
- Moquette
CARACTÉRISTIQUES DU SITE
- Laverie
- Aire de jeu pour animaux de compagnie
- Sentiers pédestres et cyclables
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| 1+1 | 16 | - | 60 |
| 2+1 | 48 | - | 74 |
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TAXES FONCIÈRES
| Numéro de parcelle | 04-5004-0-0012C | Évaluation des aménagements | 830 013 € |
| Évaluation du terrain | 134 375 € | Évaluation totale | 964 388 € |
TAXES FONCIÈRES
Numéro de parcelle
04-5004-0-0012C
Évaluation du terrain
134 375 €
Évaluation des aménagements
830 013 €
Évaluation totale
964 388 €
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Madison East Apartments | 2780 Madison Ave
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