45 South Idlewild Street
- Ideally located in the heart of the highly sought-after Midtown Memphis market
- Recently undergone a multi-million dollar renovation effort
- Close proximity to largest white collar employers in the area
- Lender Owned and Operated
- Creative Debt Available
Property Description
Idlewild 45 is a 10-story, luxury apartment property that has recently undergone a multi-million dollar renovation and is located in the heart of the trendy and upscale neighborhood of Midtown Memphis, minutes to the Core Business & Medical Districts. Idlewild 45 is located one block north of Union Avenue, the most travelled thoroughfare in the area, linking Downtown, The Medical District, Midtown, University Area and East Memphis providing unparalleled exposure and access to jobs and entertainment centers in the city. In addition to unit interior features including luxury finishes, walk-in closets, and balconies, Idlewild 45 is gated with control access, has a resort style pool, dog wash station and dog park, 24 hour fitness center, great city views, lounge, yoga room, business center, sundeck, coffee & tea bar, onsite laundry facility and billiards room. The immaculate condition and quality of the asset presents an opportunity to acquire a prime asset in a prime location with little to no immediate capex needs; ensuring low cost maintenance for years to come. There is significant increased income potential achieved by improving operations and pushing occupancy to the stabilized market rate. Idlewild 45 is lender owned and operated. Below market debt options are available.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 122 |
| Year Built: | 1966 |
| Lot Size: | 1.69 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
508 W Maple Street, Unit 0
Nicholasville, Kentucky
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout