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3081 St Charles Ave

Memphis, TN 38127
  • $4,900,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 10191309
Price Reduced
$4,900,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1968
County:

School Ratings & Info

Description

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, with the property operating at about 52% 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.

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© 2025 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gowen Property Group | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-03-18T21:04:13.9.
www.gowenpropertygroup.com/homes/161139780
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3081 St Charles Ave Memphis, TN 38127

  • Price: $4,900,000
  • Status: Active
  • On Site: 13 Days
  • MLS #: 10191309
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1968
Built
Neighborhood:
Alta Vista
County:
Shelby
Area:
Frayser/Whitney
Property Description
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, with the property operating at about 52% 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.
Exterior Features

Buildings 10 Construction Brick Foundation Slab Lot Size 6.83 AC Parking Facility Asphalt/Blacktop Roof Shingle/Shake

Interior Features

Cooling Systems Central Floors And Ceilings Other (See Remarks) Heating Systems Central Hot Water Other (See REMARKS) Laundry Connections

Property Features

1 Bedroom Units 2 2 Bedroom Units 64 3 Bedroom Units 30 Annual City Tax 9797 Annual County Tax 12294 Assumption Other (Call LA) Efficiency Studio Units 0 Existing Financing Other (See REMARKS) Legal Subdivision Name ALTA VISTA Multifamily Type Apartment Complex New Financing Other (Call LA) Operating Expenses Accounting/LegalInsuranceManagementOther (Call LA)Repairs/MaintenanceSome UtilitiesTaxes Other Units 0 Possession At Closing Sale Includes Building and Land Source Of Info Current RecordsOwner Tenant Pays ElectricGasSome UtilitiesTrash Collection Type Of Leases Other (Call LA) Type Of Units 1 BR - 1 Bath2 BR - 1 Bath2 BR - 1+ Baths3 BR - 1 Bath3 BR - 1+ Baths

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Braden, Braden & Braden LLC: 901-881-2070.



© 2025 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gowen Property Group | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-03-18T21:04:13.9.
 
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Gowen Property Group | Keller Williams Realty
5847 Getwell Rd, Bldg B1
Southhaven MS, 38672