cambridge court apartments

CAMBRIDGE COURT APARTMENTS
www.aspreyrealestate.com
[email protected]
www.aspreyrealestate.com
[email protected]
www.aspreyrealestate.com
[email protected]
PROPERTY OVERVIEW
Located in Memphis, Tennessee, Cambridge Court Apartment comprises of 76 building built over 30 acres of land. The
apartment community is close to the most sought-after attractions Memphis has to offer as well as the areas best dining,
shopping and entertainment. Cambridge Court offers unique one or two bedroom apartment homes that include modern
kitchens, spacious rooms and large closets.
One of the most attractive features of life in Cambridge court apartment is the areas remarkably low cost of living. Daily
life in Memphis simply takes a smaller bite out of one’s disposable income.
CURRENT UNIT MIX
COMMUNITY AMENITIES
This lovely apartment community has a wide selection of amenities. The communal grounds are secured, properly fenced
and excellent for families.
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2 Renovated swimming pools
A spacious gym
A large green playground with kid’s amusement equipment
Regular patrol by security staff
APARTMENT AMENITIES
The rooms are very spacious, with an area of 600 square feet for the 1 bedroom apartment, large enough to
accommodate a two-person family. The 2-bedroom apartments are 750 square feet and have ample separate living space.
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Bedrooms fitted with large closets.
Spacious floor plans & Air Conditioning
Immaculate cabinets with spacious storage capacity.
Energy efficient appliances
Bright Kitchen and bath upgrades
www.aspreyrealestate.com
[email protected]
PROPERTY OVERVIEW
www.aspreyrealestate.com
[email protected]
www.aspreyrealestate.com
[email protected]
www.aspreyrealestate.com
[email protected]
www.aspreyrealestate.com
[email protected]
www.aspreyrealestate.com
[email protected]
Located on the Mississippi River, Memphis is one of the largest metropolitan areas. With 4 major Interstate Highways passing through Memphis, the
4th largest inland port in the U.S. and the 2nd largest inter-modal exchange,
more major metro areas can be reached overnight from Memphis than any
other city in the U.S. These advantages have made Memphis an ideal
location for manufacturing and distribution operations, and resulted in
much of Memphis business development. Today, other major industries
have continued to flourish including financial services, food processing,
pharmaceuticals, and medical devices and medical care.
Now the city is home to the largest cargo airport in the world
and the world’s busiest domestic airport with 3.9 million metric tonnes.
Memphis International Airport and Memphis has had huge
significance in the railroad industry. Because Memphis has been
such an important city for transportation and shipping, it is
attractive to businesses, especially those producing goods
shipped nationwide.
ThreeFortune500 companies, FedEx, AutoZone and International Paper Co. call Memphis home. These significant businesses have brought a large manufacturing industry.
Over the years, the city has become less dependent on its manufacturing and transportation. The Gross Domestic Product of the
private sector good-producing industries has grown from $8,309
million to $11,459 million from 2003 to 2013. Over that same time
period, the private sector service industries grew from $39,354
million to $48,641 million.
Memphis is also known for the world famous entertainers who
started in the ‘City of Blues’ and entertainment district Beale Street.
From Elvis Presley and his Memphis home, Graceland, to B.B. King,
W.C. Handy, Jerry Lee Lewis, Johnny Cash, Carl Perkins and more
recently Three Six Mafia and Justin Timberlake.
Memphis Light, Gas and Water ("MLG&W") is one of the largest
municipal utilities in the United States. MLG&W is a major recipient
of low-cost power from the Tennessee Valley Authority.
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One of the most attractive features of life in Memphis is the area’s remarkably low cost of living. Daily life In Memphis
simply takes a smaller bite out of one’s disposable income. Add to this is the fact that Tennessee is one of the lowest- taxed
states per capita in the nation.
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Memphis has, in other words, all the amenities that come with being the 20 largest city in the U.S, but at a cost of living
nearly 14% below the national metro average. For residents and newcomers, this means more money in their pockets.
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Memphis is recognized as a main U.S. distribution center, as it houses companies such as FedEx’s World Hub.
Is the 3rd biggest railroad hub (one that the world Famous investor Warren Buffet has recently invested in)
Headquarters for many Fortunes 500 companies such as Autozone and International Paper.
Memphis has a growing biomedical and medical presence.
Memphis ranks as one of the Least Expensive Urban Areas on COLI.org's Cost of Living Index.
Memphis ranked 7th in the nation for tax burden by 24/7 Wall St.
Tennessee has the nation's 3rd-lowest total tax burden.
Memphis ranked 7th on CBS Money Watch's list for "Top 10 cheapest U.S. Cities to rent an apartment" list.
Forbes recognized Memphis as America’s second most affordable city when surveying the 100 largest Metropolitan
Statistical Areas in the country.
Memphis has long been known for its decent, plentiful, and affordable housing. The combination of low cost of housing,
high rents, and a high population of renters vs. homeowners has created an ideal opportunity for investors to purchase
homes that provide positive cash flow. Among the many attractions to investors today is the fact that Memphis is a city
of detached homes at prices below the national average. Making it even more attractive to investors is the fact that it’s
a city of middle class renters where 48% of the population rents.
Memphis has more than it’s share of major employers providing high paying jobs. These include International Paper, Fed
Ex, Auto Zone, First Horizon, St. Jude Hospital, and others. Memphis is also home the University of Tennessee medical
and dental schools and several other several major universities. All these and more create a stable rental market. Besides
being an air cargo hub for Fed Ex, Memphis is the third largest railroad hub in the country, which Warren Buffet saw fit to
invest in. Memphis is ranked high for property appreciation by Moody’s Case Schiller Index. Moody’s projects houses in
Memphis will appreciate 18.8% over the next four years.
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·The overall cost of living runs 10% below the national average
·46% of the population rents (National average is 28%)
·Memphis has no state income tax
·#1 on home affordable housing for retires – CNN Money Magazine
·Ranks in the Top 10 metro areas for starting or growing a business – Inc Magazine
·Top Ten Cities to Invest in Real Estate – Business 2.0
·High rental rates versus home prices
·Low Property Taxes
·And the #1 reason- HIGH CASH FLOW
Trends in Memphis show a 5% year-over-year rise in median sales price.
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As of April 1, 2014, the population of Memphis is
estimated at 1.34 million. The population of the Shelby
County sub market is estimated at 941,600, or about 70
percent of the Memphis population. The city of Memphis,
in Shelby County, is the largest city in Tennessee, with a
population of 653,500 (Census Population Estimates
Program, July 2013).
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is the largest employer in Memphis and is known to be very
supportive and constantly upgrading its staff members. FEDEX global
distribution system also make sure that any product can reach any
destination in the minimum of time. Its professionalism and online access
system shows the flexibility and swift transaction time needed to process
any information and the ease it has in this high tech economy. FedEx
employs over 32,000 staff in Memphis.
is internationally recognized for its
pioneering research and treatment of children with cancer and other
catastrophic diseases. It offers the facility of an on-site organic garden. It
is also known for its employees benefits such as compressed workweek
options, telecommuting employees.
has announced recently that it is about to complete its new
distribution centre in Memphis, what could be North America's largest
distribution center. In addition creating jobs, Nike wants to improve
education in the Mid-South. It offers paid sabbaticals and a job sharing
program. They employ a large percentage of minorities and women,
making it a diverse place to work. The company also offers an in-house
fitness center and child care.
Memphis International Airport ranges over 3,900 acre and supports four
runways carrying more than 10 million passengers annually. It was
declared as the world’s busiest cargo airport since 1993, because it
houses FedEx’s world hub. On the 24th of February 2015, Memphis
International Airport announced that Allegiant Air, the latest low-cost
airline in business, will now provide non-stop jet service from Las Vegas,
Orlando and Ft. Lauderdale, Fla.
is subsidiary unit of the First Tennessee Bank National
Association which is known for its excellent wealth management and
capital services. It puts its employees first. It has ranked on the Fortune
list because it offers generous health, vision, and dental benefits.
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Memphis, Tennessee has developed into a major Mid-American commercial and transportation hub because of its
location on the Mississippi River and because of its numerous rail and highway links. Four rail and highway bridges cross
the Mississippi River at Memphis. In addition, Memphis International Airport has become the world's largest airfreight
terminal.
Travel and shipment of freight are eased by two major Interstate highways, I-40 and I-55, that intersect at Memphis.
I-240 is a highway spur that carries traffic around the city. Local public transportation in the Memphis area is provided
by the Memphis Area Transit Authority.
Memphis is served by Memphis International Airport, which handles more cargo than any other airport in the world
as of 2007. The airport is the international cargo hub for FedEx and became a passenger hub for Delta Air Lines after
their merger with Northwest Airlines in 2008. Passenger airlines providing service to the airport are Air Canada Jazz,
AirTran Airways, American Airlines, Continental Airlines, SeaPort Airlines, United Airlines and US Airways. The Tennessee
Air National Guard operates the 164th Airlift Wing at the airport.
A large volume of railroad freight traffic moves through Memphis, thanks to the two Mississippi River railroad crossings
and the convergence at Memphis of east-west with north-south rail routes. In addition, Memphis is the second busiest
cargo port on the Mississippi River. Memphis had two major rail passenger stations, Memphis Union Station, razed in
early 1969, and Memphis Central Station, which has been renovated.
Memphis also has the 2nd biggest cargo port on the Mississippi River (the 4th biggest inland port in the United States):
The International Port of Memphis.
Four rail and highway bridges cross the Mississippi River at Memphis.
www.aspreyrealestate.com
[email protected]
www.aspreyrealestate.com
[email protected]
CAMBRIDGE COURT APARTMENTS
www.aspreyrealestate.com
[email protected]
INVESTOR INFORMATION
This document contains information on investments and the dissemination of this information may be subject to or restricted
to laws and regulations in particular jurisdictions. This information is thus not intended to be published or made available to
or considered by anyone as an offer or solicitation in any jurisdiction where doing so would result in contravention of such
applicable laws and regulations.
In particular, any Cell mentioned in this document are not registered under the United States Securities Act of 1933, nor the
United States Investment Company Act of 1940 and therefore may not directly or indirectly be offered or sold in the United
States of America or any of its states, territories, possessions or other areas subject to its jurisdiction or to or for the benefit
of a United States Person.
The information in this document is only intended for Expert Investors as defined by the Securities Act 2005 and The Securities
(Collective Investment Scheme and Close End Funds) Regulations 2008 of the Republic of Mauritius. The Fund is regulated
by the Financial Services Commission.
Subject to the above, applications to invest in a Cell must only be made on the basis of an offer document (Prospectus or
simplified Prospectus) relating to that particular Cell. Each offer document will detail the properties targeted by type, value,
residual equity, liquidity, etc which will enable any investor to make an informed judgment on the investment opportunity
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Investors should be aware of the risks associated with property investment. Please remember that past trends are not
necessarily a guide to the future. Markets and other conditions may make the value of investments and the income there from
to fall as well as rise and it is possible to realise less than you invested. Before making any investment, users should consult an
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investment to particular circumstances. If you are unsure about the meaning of any of the information contained in this
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