0 Graggland Cir/0 Berkshire Ave
Memphis, TN
Land for Sale - $132,500 - 9.8 acres
Property Info
| CIMLS# | 95039 |
| Location 0 Graggland Cir/0 Berkshire Ave Memphis TN 38108 | |
| Updated | June 15th, 2011 |
| Type | Land |
| Price | $132,500 |
| Land | 9.8 acres |
Property Description
Property Description:
BUILD UP TO 288 UNITS ON ADJOINING MULTIFAMILY ZONED PACELS THAT TOTAL 9.8 ACRES:
0 GRAGGLAND CIR
--> 9.45 ACRES/ZONED R-MM, 30 UNIT PER ACRE/125 FT MAX HEIGHT
0 BERKSHIRE AVE
--> 0.35 ACRES/ZONED R-ML, 15 UNITS PER ACRE/3-STORY MAX HEIGHT
Based on the Tennessee Housing Development Agency (THDA) 2009 LIHTC Qualified Allocation Plan (QAP), maximum Tax Credits per Low income Unit, in a competitive development that is NOT in a QCT or DDA are as follows: 1-48 units - $9,600; 49-72 units - $8,900; 73 or more units - $8,500. The maximum Tax Credits that may be allocated by development shall not exceed $965,000.
Location Description:
GRAGGLAND/BERKSHIRE IS LOCATED IN THE NORTHEAST AREA OF THE CITY OF MEMPHIS, TENNESSEE, APPROXIMATELY 8 MILES NORTHEAST OF DOWNTOWN WITH EASY ACCESS INTERSTATE 40.
MEMPHIS, KNOWN AS THE NATIONS DISTRIBUTION CENTER, HAS A DIVERSE ECONOMY AND EMPLOYMENT BASE.
Power is available: Memphis Light, Gas & Water Div Water is available: Memphis Light, Gas & Water Div
Telephone is available: AT&T Cable is available: Comcast Cable
Gas/Propane is available: Memphis Light, Gas & Water Div
TaxID/APN: 062056 00166/062056 00168