
Whitney Manor Apartments
1520 Whitney Avenue, Memphis, TN, USA
Active
4,900,000.00
Property Description
PRICE REDUCED!
We are pleased to present Whitney Manor Apartments, a premier
value-add investment opportunity comprising 96 units. Currently,
approximately 70 of these units have been fully renovated, 25 are easy turns and 1 needing a total rehab, with the
property operating at about 65% occupancy. This presents an
exceptional chance for a savvy multifamily investor to capitalize on
the potential for increased cash flow and property appreciation.
Whitney Manor is strategically located within walking distance of
local schools and a community center, making it an attractive
choice for families seeking spacious, comfortable housing in a
vibrant community. The property boasts ample off-street parking,
enhancing its appeal to prospective tenants.
With a strong unit mix predominantly featuring two-bedroom
apartments, along with several three-bedroom and only two onebedroom units, Whitney Manor is well-positioned to meet the
demand for family-oriented housing.
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. Don’t miss your chance to be part of
Whitney Manor’s promising future.
Contact Agent
Curtis Braden
(901) 881-2070 | (901) 301-3691
Property Details
Asset Type
Multifamily
Year Built
1968
Size
72,480 SF
Documents
There is not an available document at this time. Please contact the agent or check back at a later date.