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4583 Airways Blvd
Memphis, TN 38116 Whitehaven

Price Upon Request

Apartments For Sale  •  71,707 SF

Property Details

  • Property Type Apartments
  • Total Building Size 71,707 SF
  • Lot Size 4.03 AC
  • Building Class C
  • Year Built 1968
  • Zoning RU-3, Residential Urban
25 Transit Score
15 Walk Score

Highlights

Stabilized Asset In Rapid Organic Rent Growth Sub Market
Immediate Upside Potential Of Over $50 Per Unit
High Historical Occupancy
Each Individual Building has been Completely Renovated
Initial Cash On Cash Return of 8.05 Percent
Year One Pro Forma Cap Rate of 10.05 Percent

Financial Summary (Actual)

Net Operating Income: $305,848 USD (2020)
Total Expenses: $172,811 USD

Major Tenants

Tenant SF Occupied Lease End Date
Diamond Equity - Oakwood Meadows Estates 500 SF
Lubin- Oakwood Meadows Estates Apartments 10,780 SF

Amenities

  • Air Conditioning
  • Courtyard
  • Dishwasher
  • Fenced Lot
  • Laundry Facilities
  • Property Manager on Site
  • Security System
  • Washer/Dryer
  • Gated
  • Video Patrol
  • Heating
  • Grill
  • Maid Service
  • Renters Insurance Program
  • Ceiling Fans
  • Tile Floors
  • Eat-in Kitchen
  • Kitchen
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Views
  • Carpet
  • Yard
  • Community-Wide WiFi
  • Maintenance on site
  • Zen Garden
  • Breakfast Nook
  • Double Pane Windows
  • Freezer
  • Garden
  • Handrails
  • Lawn
  • Office
  • Vinyl Flooring
  • Public Transportation
  • Green Community

Public Transportation

AirportDriveWalkDistance
Memphis International 5 min - 3.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 140
Type: Surface
Included in Rent: Yes