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Baymont by Wyndham Memphis East 6020 Shelby Oaks Dr Services hôteliers 97 chambres 1 752 440 € (18 066 €/Chambre) Memphis, TN 38134
Certaines informations ont été traduites automatiquement.
Informations principales sur 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 analytique
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.
Data room Cliquez ici pour accéder à
- Offering Memorandum
Informations sur l’immeuble
| Prix | 1 752 440 € | Surface de l’immeuble | 4 061 m² |
| Prix par chambre | 18 066 € | Nb de chambres | 97 |
| Type de vente | Investissement | Nb d’étages | 3 |
| Type de bien | Services hôteliers | Année de construction/rénovation | 1985/2022 |
| Sous-type de bien | Hôtel | Ratio de stationnement | 0,43/1 000 m² |
| Classe d’immeuble | C | Corridor | Intérieur |
| Surface du lot | 0,92 ha | ||
| Zonage | EMP - Employment Zone | ||
| Prix | 1 752 440 € |
| Prix par chambre | 18 066 € |
| Type de vente | Investissement |
| Type de bien | Services hôteliers |
| Sous-type de bien | Hôtel |
| Classe d’immeuble | C |
| Surface du lot | 0,92 ha |
| Surface de l’immeuble | 4 061 m² |
| Nb de chambres | 97 |
| Nb d’étages | 3 |
| Année de construction/rénovation | 1985/2022 |
| Ratio de stationnement | 0,43/1 000 m² |
| Corridor | Intérieur |
| Zonage | EMP - Employment Zone |
Chambre informations sur la combinaison
| Description | Nb de chambres | Tarif journalier | m² |
|---|---|---|---|
| Suite | 9 | 68,35 € | - |
| Guest Room | 88 | 49,94 € | - |
1 1
Assez praticable à pied
40/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Plutôt praticable en vélo
50/100
Taxes foncières
| Numéro de parcelle | 08-9044-0-0157 | Évaluation des aménagements | 1 040 564 € |
| Évaluation du terrain | 100 976 € | Évaluation totale | 1 141 539 € |
Taxes foncières
Numéro de parcelle
08-9044-0-0157
Évaluation du terrain
100 976 €
Évaluation des aménagements
1 040 564 €
Évaluation totale
1 141 539 €
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Baymont by Wyndham Memphis East | 6020 Shelby Oaks Dr
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