Garden View Apts. Financed for $1.4M

Published on: April 11, 2012

The Daily News

WI Memphis LLC has financed the 92-unit Garden View Apartments complex at 1127 Whitaker Drive and 1137 Whitaker Drive for $1.4 million through Financial Federal Savings Bank. The loan matures in April 2017.
 
The two-story, Class D complex was built in 1963 and is situated on 6.7 acres on the south side of Whitaker, west of Elvis Presley Boulevard in the Oak Acres subdivision. The Shelby County Register of Deeds, which uses the address 1087 Whitaker for the parcel, appraised it in 2011 at $900,000. WI Memphis LLC received the property via quitclaim from Pope’s Select Properties LLC in November 2010.