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3974 new Horn lake Rd, Memphis, TN 38109
85-unit HAP contract development deal near Graceland Mansion.
Property SizeContact for details
Lot Size9.00 Acres
Days on Market896
Property Features for 3974 new Horn lake Rd
General Information
Standard status
Active
Lot size
9.00 Acres
Property subtype
Land
Listing Agency:
Braden, Braden & Braden CRE
(901) 881-2070
Listed By:
Curtis Braden · License #TN-284224
Source:
Crexi
Added: Mar 18, 2024
Changed: Aug 30
Last Checked: Jul 18 at 1:02AM
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 Braden, Braden & Braden CRE
Investment Insights
Based on property information with market context.
This is a development deal for an eighty-five-unit HAP contract. The listing price includes the land and the development plans. There are currently no improvements on the land. Farm Hills Estate is planned as a gated rental community. The location is situated approximately three miles from Graceland Mansion and within walking distance of Levi Elementary. The housing units at Farm Hills Estate are located on nine acres. The housing units are designed as duplex-like structures, with each unit having its own backyard. Farm Hills Estate is designed to give tenants a luxury living experience without the hassle of home ownership. The development was designed with families in mind, with multiple floor plan options. The plans include 85 townhomes, comprising 18 two-bedroom units and 67 three-bedroom units.
Key Highlights
- HAP contract development deal for 85 units.
- Listing price includes land and development plans.
- Approved for construction of a gated rental community.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 38109, TN
42,437
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
59.7 sq mi
ZIP Area
711
Density / Sq Mi
$36,934
Median Household Income
$30,780
Median Earnings
$1,000
Median Rent
$76,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 85-unit HAP contract development deal near Graceland Mansion.
Where is this residential land & home lot located?
The property is located at 3974 new Horn lake Rd Memphis, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: HAP contract development deal for 85 units.; Listing price includes land and development plans.; Approved for construction of a gated rental community.
