Stonebriar Offering

  • 13 investor units available now
  • Priced at $182,000 – $197,000+
  • 4 bedroom / 2+ bath layout
  • 6 floor plans available
  • Inside gated Stonebriar community
  • Tenant & property management in place
  • County-only property taxes
  • Available to close starting in January 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

stonebriar subdivision

  • Inside gated Stonebriar community
  • Highland Oaks Elementary School located inside subdivision (0.5 miles away)
  • Community walking trail
  • Brand new 2017 construction
  • Split floor plan with master on main level
  • Bedrooms 2, 3 & 4 on upper level with additional bathroom
  • 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

FEATHERSTONE II

  • FEATHERSTONE II
  • 20 – 69 B
  • 1826 -394 – 565 FC
  • 1834 -365 – 552 FC
  • 1224 – 709 – 532 – T

Heated Sqft Down:

1,283

Heated Sqtf Up:

752

Total Heated Sqft:

2,035

Bedroom:

4

Bathroom:

2.5

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.

Stonebriar subdivision

LOT# Floor plan type address Zip br bath SQft YeaR
BUILT
pRO FORMA
RENT
eST COMP
dATE
SALES
PRICE
STATUS
124 Featherstone ii 7575 Glen Laurel WAY 38125 4 2.5 2,035 2017 $1,475 – $1,525 JAN 2017 $ 197,000 Under Contract
141 Featherstone ii 7554 Glen Laurel Way 38125 4 2.5 2,035 2017 $1,475 – $1,525 JAN 2017 $ 197,000 Under Contract
148 Featherstone ii 5323 laurelfield lane 38125 4 2.5 2,035 2017 $1,475 – $1,525 FEB 2017 $ 197,000 Under Contract
180 Featherstone ii 5283 ridgelaurel terrace 38125 4 2.5 2,035 2017 $1,475 – $1,525 FEB 2017 $ 197,000 Under Contract
117 20-69 B 5347 creek laurel way 38125 4 2.5 2,200 2017 $1,475 – $1,525 MAR 2017 $ 197,000 Under Contract
179 20-69 B 5291 ridgelaurel terrace 38125 4 2.5 2,200 2017 $1,475 – $1,525 MAY 2017 $ 197,000 Available
142 1224-709-532-T 7558 glen laurel way 38125 4 2.5 1,939 2017 $1,475 – $1,525 MAR 2017 $ 197,000 On Hold
178 1224-709-532-T 5295 Ridgelaurel Terrace 38125 4 2.5 1,939 2017 $1,475 – $1,525 MAR 2017 $ 197,000 Under Contract
120 20-69 B 5333 Creek Laurel Way 38125 4 2.5 2,200 2017 $1,475 – $1,525 MAY 2017 $ 197,000 Available
140 20-69 B 7550 glen Laurelway 38125 4 2.5 2,200 2017 $1,475 – $1,525 MAY 2017 $ 197,000 On Hold
75 1834-365-552-FC 7675 brookbriar cove 38125 4 2 2,169 2017 $1,475 – $1,525 FEB 2017 $ 197,000 Under Contract
53 1834-365-552 FC 5255 Brookwater ln 38125 4 2 2,149 2017 $1,475 – $1,525 FEB 2017 $ 197,000 Under Contract

sold properties

LOT# Plan address Zip br bath SQft YeaR
BUILT
pRO FORMA
RENT
eST COMP
dATE
SALES
PRICE
147 1924 Plan 5319 LAURELFIELD LN 38125 4 2.5 1,924* 2016 $1,495 8/15/2016 $ 180,000
170 1924 Plan 7586 glen creek LN 38125 4 2.5 1,924* 2016 $1,495 8/15/2016 $ 180,000
123 1924 Plan 7579 glen Laurelway 38125 4 2.5 1,924* 2016 $1,495 8/15/2016 $ 180,000
125 1924 Plan 7571 glen laurel way 38125 4 2.5 1,924* 2016 $1,495 8/15/2016 $ 180,000
128 1924 Plan 7553 glen laurel way 38125 4 2.5 1,924* 2016 $1,495 8/15/2016 $ 180,000
119 1924 Plan 5339 creeklaurel way 38125 4 2.5 1,924* 2016 $1,495 8/15/2016 $ 180,000
116 Featherstone 5351 creeklaurel way 38125 4 2.5 1,933* 2016 $1,495 7/31/2016 $ 180,000
139 Featherstone 7530 glen laurel way 38125 4 2.5 1,933* 2016 $1,495 7/31/2016 $ 180,000
121 Featherstone 7587 glen laurel way 38125 4 2.5 1,933* 2016 $1,495 7/31/2016 $ 180,000
155 Featherstone 5326 creeklaurel way 38125 4 2.5 1,933* 2016 $1,495 7/31/2016 $ 180,000

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

aERIAL 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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