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Property profile & analytics
OFF-MARKET
Garden apartment buildings

1903 Pkwy E Pkwy Memphis, TN 38114-2031

5,040 SF 4.58 ac lot Built 1948
Entity Owned 6-yr Hold
Property ID
US80-1181632
Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1948
Total area 5,040 SF
Lot 4.58 ac (199,287 SF)
Zoning code RU-3
APN 031-094- - -00001
UPID US80-1181632
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mvp Real Estate Holdings LLC · 6 yrs held
Mvp Real Estate Holdings LLC
since 2019
6 recorded transactions
2019
Price N/A
2019
Price N/A
2019
$1.0M
2018
$1.0M
2018
Price N/A
1969
Price N/A
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Housing Type RU-1 RU-2 RU-3 RU-4 RU-5 Conventional Side Yard House Cottage ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- -- Semi-Attached Two-Family Townhouse ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- ■ Large Home Stacked Townhouse Apartment   -- ■ ■ -- ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ = Permitted -- = not permitted  = permitted by Special Use Permit Building Regulations for Permitted Housing…

Zone name Residential Urban 3
General category RESIDENTIAL
Zone area 7,600.37 ac
Source CHAPTER 1
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