Kiwi & Goji Apartment
For Sale
Contact for pricing
Pending
197 Windover Rd, Memphis, TN 38111
Fully remodeled apartment property with 90% stabilization and 96% preleasing as of July 2023.
Property SizeContact for details
Days on Market146
Property Features for 197 Windover Rd
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
90%
Financials
Asking Price
$14,200,000
Cap Rate
6.8%
Listing Agency:
Woodyard Realty Corporation
Listed By:
Lea Heilig · License #TN 291983
(901) 767-1998
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Sep 1 at 10:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Woodyard Realty Corporation
Investment Insights
Based on property information with market context.
The Kiwi & Goji Apartments is an apartment property at 197 Windover Rd in Memphis, Tennessee. The community has undergone a full-scale Class A remodel and was 90% stabilized as of July 2023, with 96% of the property preleased at that time. It is operated under institutional property management and may qualify for agency financing based on the stated offering information.
The property is positioned in a high-traffic area within an employment hub near grocery-anchored retail. Surrounding lifestyle districts provide dining, entertainment, and recreational options. The offering indicates a 6.80% cap rate and a 5.73% interest rate tied to stated financing terms.
The property is positioned in a high-traffic area within an employment hub near grocery-anchored retail. Surrounding lifestyle districts provide dining, entertainment, and recreational options. The offering indicates a 6.80% cap rate and a 5.73% interest rate tied to stated financing terms.
Key Highlights
- Full‑scale Class A remodel completed
- 90% stabilization and 96% preleased as of July 2023
- 6.80% cap rate
Property Analytics
Current Use
Lease Details
90%
Occupancy
Location Intelligence
Trade Area within ½ mile
889
Businesses Nearby
Explore this area
Business Placement
Demographics for 38111, TN
40,533
Population
20,084
Households
2
Avg Household Size
34
Median Age
38%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
4,136
Density / Sq Mi
$52,806
Median Household Income
$33,449
Median Earnings
$1,077
Median Rent
$165,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully remodeled apartment property with 90% stabilization and 96% preleasing as of July 2023.
Where is this apartment building located?
The property is located at 197 Windover Rd Memphis, TN.
What are key features of this property?
This property features: Full‑scale Class A remodel completed; 90% stabilization and 96% preleased as of July 2023; 6.80% cap rate
