The Haven | Memphis (currently called AmericInn by Wyndham) is zone CMU-3 for Commercial Mixed Use- meaning the property is already zone for residential units and office rentals on the bottom floor. The property has easy access to everything in Memphis- off I-40 close to the famouse Germantown, 15 miles from Memphis International Airport (MEM) and FedEx HQ and Amazon distrubution center and just a short drive from blues bars and restaurants along the iconic Beale Street, the mansion tour and car museum at Elvis Presley’s Graceland. THe primary demand driver is a sever lack of corporoate and workforce housing in the Memphis area. Based on the market cap rate and rent comparables we expect and ARV of $8,454,000.
1556 Sycamore View Rd, Memphis, TN 38134, USA
Investing involves risk, including loss of principal. Past performance does not guarantee or indicate future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. While the data we use from third parties is believed to be reliable, we cannot ensure the accuracy or completeness of data provided by investors or other third parties. Neither Metz Kelly Holdings nor any of its affiliates provide tax advice and do not represent in any manner that the outcomes described herein will result in any particular tax consequence. The opportunities within these pages or documents do NOT constitute offers to sell securities or stock, or solicitations of offers to buy securities or stock. Prospective partners should consult with a tax or legal adviser before making any investment decision.