Raintree and Pinetree Apartment Portfolio

2155 Green Grass Cove, Memphis TN

Virtual Tour

Virtual Tour of the Pinetree Apartments

The Offering

Summary

  • Portfolio Price $12,740,000
  • Total Number of Units 196
  • Total Price Per Unit $65,000
  • Pinetree Number of Units 124
  • Raintree Number of Units 72
  • Pinetree Gross Sq. Ft. 98,370
  • Raintree Gross Sq. Ft. 55,620
  • Pinetree Land Area 4.56 acres
  • Raintree Land Area 4.17 acres
  • Total Land Area 8.73 acres
  • Pinetree Number of Buildings 16
  • Raintree Number of Buildings 9
  • Pinetree Year Built 1973
  • Raintree Year Built 1968

Proforma Year 1 at Market Rents

Gross Scheduled Income: $1,668,600

Net Operating Income: $911,753
Cap Rate: 7.2%

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Listing Agent

Steve Woodyard, CCIM

Steve Woodyard, CCIM

President
Woodyard Realty Corp.
TN 217464
office 901.767.1998
mobile 901.277.7731
Woodyard Realty Corp.
5865 Ridgeway Center Pkwy Ste 300, Memphis, TN 38120
Phone 901-767-1998
TN Company License #256220
MS Company License #C-21186