Value-Add Opportunity

The Hub@Pendleton

2305 Pendleton St., Memphis TN 38114

The Hub@Pendleton Highlights

Photo Gallery

Unit Interior Virtual Tour

The Offering

Summary

Asking Price $3,100,000
Number of Units 182
Price per Unit $17,000
Number of Buildings 12
Number of Stories 2
Year Built 1965
Land Area 6.72 ac

Value Add Opportunity Near Largest Employers in the Region

The Hub@Pendleton provides investors the opportunity to acquire a community with scale at a very low basis near tens of thousands of workforce jobs in the fields of logistics, transportation, technology, healthcare and more.

The Hub is 12 two-story buildings and leasing office featuring 32 one-bedroom and 150 two-bedroom floorplans, or 182 units, built in 1965.

The property is prepped and poised for a repositioning and rebranding effort. Current ownership has invested $800,000 in creating a blank slate for a value-add operator to step in and carry the effort to completion.

Ornamental metal fencing with electric gates now encompasses the entire property. Much of the exterior lighting has been repaired or replaced to create a well-lit and secure community.

150 trees were removed along with unwanted brush and other debris.

All interiors are broom clean and prepared for renovation.