Stone Shadows Offering

  • Priced at $217,500-$225,000
  • 4 bedroom / 2+ bath layout
  • 3 floor plans available
  • Inside Stone Shadows community
  • Tenant & property management in place
  • County-only property taxes
  • Available to close August 2017

Photos and drawings of homes may not represent the final product produced as should be used for example only. Meridian reserves the right to make changes to its home designs and to build more or fewer homes than currently planned. Community description and amenities are developer’s current plans, are not guaranteed, and may change without notice. All renderings and floor plans in these materials are an artists’ conceptual drawings and will vary from the actual plans and homes as built. Square footage numbers are approximate and may vary depending on the standard measurement used.

Amenities & Features

Stone Shadows subdivision

  • Inside Stone Shadows community
  • Highland Oaks Elementary School located inside subdivision (0.5 miles away)
  • Brand new 2017 construction
  • 9′ – 10′ ceilings
  • Granite countertops & kitchen island
  • Designer paint throughout
  • Brushed oiled bronze finishes
  • Wood flooring in living room
  • Tile flooring in kitchen & baths
  • 2″ wood blinds
  • Stainless-steel appliances (dishwasher, microwave, electric smooth-top/self-clean range)

Photos and drawings of homes may not represent the final product produced as should be used for example only. Meridian reserves the right to make changes to its home designs and to build more or fewer homes than currently planned. Community description and amenities are developer’s current plans, are not guaranteed, and may change without notice. All renderings and floor plans in these materials are an artists’ conceptual drawings and will vary from the actual plans and homes as built. Square footage numbers are approximate and may vary depending on the standard measurement used.

FLOORPLANS

  • 1834-395-557-FC
  • 1834-395-556-FC

Photos and drawings of homes may not represent the final product produced as should be used for example only. Meridian reserves the right to make changes to its home designs and to build more or fewer homes than currently planned. Community description and amenities are developer’s current plans, are not guaranteed, and may change without notice. All renderings and floor plans in these materials are an artists’ conceptual drawings and will vary from the actual plans and homes as built. Square footage numbers are approximate and may vary depending on the standard measurement used.

Stone Shadows subdivision

LOT# Floor plan
type
address Zip br bath SQft YeaR
BUILT
pRO FORMA
RENT
eST COMP
dATE
SALES
PRICE
STATUS
8 1834-395-557-FC 5145 Stone Shadows 38125 4 3 2225 2017 $ 1,595 - $ 1,675 Aug 2017 $ 217,500 Under Contract
19 1834-395-556-FC 5059 Stone Shadows Dr 38125 4 3 2225 2017 $ 1,595 - $ 1,595 Aug 2017 $ 217,500 Under Contract

sold properties

LOT# Plan address Zip br bath SQft YeaR
BUILT
pRO FORMA
RENT
eST COMP
dATE
SALES
PRICE
56 1520-898-490-FC 7483 Nunn Cove 38125 4 2.5 2,418* 2017 $ 1,595 May 2017 $ 225,000
20 1834-395-557-FC 7446 Morgan House Dr 38125 4 3 2,027* 2017 $ 1,595 Aug 2017 $ 217,500
31 1834-395-557-FC 7463 Morgan Tree Dr 38125 4 3 2,225* 2017 $ 1,525 Aug 2017 $ 217,500
35 1834-395-556-FC 7472 Kylan Dr. 38125 4 3 2,225* 2017 $ 1,525 Aug 2017 $ 217,500

DISCLAIMER: The calculations and data presented herein are deemed to be accurate, but accuracy is not guaranteed. The projected pro forma returns on investment are intended for the purpose of illustrative projections to facilitate analysis and are not guaranteed by Meridian Pacific Properties, LLC. or its affiliates and subsidiaries. The information provided herein is not intended to replace or serve as a substitute for any legal, real estate, tax, or other professional advice, consultation or service. The prospective buyer should consult with a professional in the respective legal, tax, accounting, real estate, or other professional area before making any decisions or entering into any contracts pertaining to the property or properties described herein.

PLAT MAP

Photos and drawings of homes may not represent the final product produced as should be used for example only. Meridian reserves the right to make changes to its home designs and to build more or fewer homes than currently planned. Community description and amenities are developer’s current plans, are not guaranteed, and may change without notice. All renderings and floor plans in these materials are an artists’ conceptual drawings and will vary from the actual plans and homes as built. Square footage numbers are approximate and may vary depending on the standard measurement used.

financed returns

cash returns

DISCLAIMER: The calculations and data presented herein are deemed to be accurate, but accuracy is not guaranteed. The projected pro forma returns on investment are intended for the purpose of illustrative projections to facilitate analysis and are not guaranteed by Meridian Pacific Properties, LLC. or its affiliates and subsidiaries. The information provided herein is not intended to replace or serve as a substitute for any legal, real estate, tax, or other professional advice, consultation or service. The prospective buyer should consult with a professional in the respective legal, tax, accounting, real estate, or other professional area before making any decisions or entering into any contracts pertaining to the property or properties described herein.

WHY MEMPHIS?

  • Among the highest rents in the nation relative to median home prices; high net yields
  • Metro area population: 1.32 million; largest city in TN, 20th largest city in US
  • “America’s Aerotroplis” is the nation’s main distribution center; home to 600+ trucking companies
  • Headquarters of FedEx; Nation’s largest cargo airport
  • Diversified economy based in transportation, shipping, and medical industries
  • Attractive weather and cost of living promotes population growth
  • Strong real estate market fundamentals related to home prices
  • Large tenant demographic; 45% of population rents
  • No state income tax; 2nd lowest cost of living in the nation
  • World class medical center including St. Jude Children’s Research Hospital

GET MORE INFORMATION

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