Latham Heights

Latham Heights

Memphis, TN
Available
  • Property Type: Apartments
  • Year Built : 1948
  • Property Size: 23,976 SF / 36 Units

Overview

Capstone Apartment Partners is pleased to present Latham Heights: a 36-unit community in Memphis, Tennessee. This asset has undergone two phases of renovation—the first in 2017 and the second in 2020—with current ownership focusing on exterior capital improvements and converting the existing office to a new unit. Latham Heights is well positioned within the submarket to organically increase rents, as effective rents trail the submarket average by 17%. Organic rent growth for Latham Heights will be on par with the Memphis MSA, a market that has experienced rents increasing more than 9.0% year over year, leading the southeast in 2020. 

Investment Highlights

Numerous Capital Improvements Completed

Proximity to Employment & Transportation

Ability to Organically Increase Rents

Robust Memphis Rent Growth

Contact Information

Adam Klenk Managing Director P: 615.861.9906
O: 800.746.3175 ext. 706
adam@capstone-companies.com
Luke Searcy Investment Sales Advisor P: 731.592.9573
O: 800.746.3175 ext. 724
luke@capstone-companies.com
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