Studio Rasa

Property Description

Developer is finishing full renovation of everything right now! Due to demand, owner has decided to furnish 30 units in total. Additional rent will add approximately $1.46m in value. CALL FOR OCCUPANCY UPDATES!
Studio Rasa is located in the heart of the Memphis Medical District/Midtown and Downtown where jobs and employment are growing. There is over $13 Billion in new business and medical construction within a 2-mile radius of the subject property so rents are expected to grow astronomically!The property has an increased cash flow due to PILOT - the city of Memphis offered a 14-year tax reduction and freeze which will shield buyer's risk for a significant amount of time.
Unit Features: fully renovated and all new kitchens with microwave, refrigerator, range, washer/dryer. 
Community Features: gated, controlled access parking, laundry facilities, courtyard.