3951 Millington Rd Memphis, TN 38127
A. Manufactured Home Park (R-MP) The R -MP District permits manufactured , modular and mobile homes in manufacture d home parks . This district is provided to ensure a suitable living e nvironment in manufactured home parks and to ensure the compatibility of such developments with adjacent property. B. Residential-Estate (R-E) The R-E District is intended to…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
R-MP · Memphis, TNA. Manufactured Home Park (R-MP) The R -MP District permits manufactured , modular and mobile homes in manufacture d home parks . This district is provided to ensure a suitable living e nvironment in manufactured home parks and to ensure the compatibility of such developments with adjacent property. B. Residential-Estate (R-E) The R-E District is intended to accommodate low density single -family detached houses on individual lots. This district should be applied in areas where the land-use pattern is predominately single-family detached houses on large individual lots or where such a land use pat tern is desired in the future. New R-E Districts are generally located no closer than 2,000 feet from a CMU-1, CMU-2, or CMU-3 district. 2.2.2 District Intent Statements Article 2 Districts and Uses 2.2.2 Predominantly Residential Districts Memphis/Shelby County Unified Development Code 14 ZTA 24-2 C. Residential Single-Family (R-15, -10, -8, -6, -3) The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land -use pattern is predominately single -family residential or where such a land use pattern is desired in the future. Five single -family residential districts are established -R-15, R- 10, R-8, R-6, and R-3-which are differentiated primarily on the basis of minimum lot area and setback requirements. 1. Residential Single-Family - 15 (R-15) New R-15 districts are generally located at least 1,500 to 2,000 feet from a CMU-1, CMU-2, CMU-3 or CBD district. 2. Residential Single-Family - 10 (R-10) New R-10 districts are generally located at least 1,500 to 2,000 feet from a CMU-1, CMU-2, CMU-3 or CBD district. 3. Residential Single-Family - 8 (R-8) New R-8 districts are generally located at least 1,000 to 1,500 feet from a CMU-1, CMU-2, CMU-3 or CBD district. 4. Residential Single-Family - 6 (R-6) New R-6 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, R-6 districts should have a shared street network with and are generally located at least 500 to 1,000 feet from a CMU-1, CMU-2, CMU-3, or CBD district. 5. Residential Single-Family - 3 (R-3) Residential Single Family - 3 (R-3) New R -3 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.