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Updated 3 hours ago

1bd/1ba Condo Located In The Monarch


5400 Park Ave Unit 205 Memphis, TN

1 Bed
•
1 Bath

820 Sq. Ft.

Available Now
Floor plans
1 Bed • 1 Bath
$1,995
820 ft2
1 Available
Managed By: Faith Management & Realty Group
-
$1,995
Available Now
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1bd/1ba Condo Located In The Monarch
1bd/1ba Condo Located In The Monarch
1bd/1ba Condo Located In The Monarch
Property details
Description

Fully renovated 1-bedroom, 1-bathroom home in the highly desirable gated community of The Monarch. Every detail has been thoughtfully updated, including a modern kitchen, stylish bathroom, new light fixtures, stainless steel appliances, and an in-unit washer and dryer. Enjoy the community’s exceptional amenities, featuring a guest suite, fitness center, pickleball court, and swimming pool. Ideally situated in the heart of East Memphis, this condo combines comfort, convenience, and style.
Lease details:
• 24 month lease term
• No pets
Qualifications:
• Income of 3 times the rent
• Good credit
• Background check
• Clean rental history
• No evictions
• Bankruptcy must be discharged at least one year
For more info go to getfaithrealty.com/vacancies.

Additional Details
Total Unit Count: 1
Last Updated: Updated 3 hours ago
Contact Number: (901) 754-2690
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 1bd/1ba Condo Located In The Monarch by bedroom type below.
1 Bedroom
Suggested income:
$71,800
per year
Rent report

1bd/1ba Condo Located In The Monarch Rent vs. Memphis Average

 1bd/1ba Condo Located In The Monarch      Memphis Average
1BR
$1,995
$1,110
$0
$650
$1,300
$1,950
$2,600

1bd/1ba Condo Located In The Monarch is asking 80% more than the average 1 bedroom apartment in Memphis.

If you upsized to an average priced Memphis 2 bedroom apartment, you would pay 7% more per month.

If you downsized to an average priced Memphis studio apartment, you would pay 9% less per month.

1bd/1ba Condo Located In The Monarch provides 13% more square footage than the average Memphis 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
1bd/1ba Condo Located In The Monarch
1BR $1,995 $2.40 $5,985
Memphis Average
Studio $1,016 $2.00 $3,049
1BR $1,110 $1.50 $3,330
2BR $1,198 $1.20 $3,593
3BR $1,377 $1.10 $4,131
4BR $1,715 $1.00 $5,144

Availability in Memphis

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 1,167 2BR units on the market in Memphis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
3% 28% 43% 21% 4%
Available Units in Memphis
Studio 85
1BR 765
2BR 1,167
3BR 576
4BR 119
Location
Nearby Colleges

University of Memphis

Southwest Tennessee Community College

Nearby Hospitals
Name Distance
Saint Francis Hospital Memphis 1.01 mi.
Select Specialty Hospital Memphis 1.06 mi.
Baptist Memorial Restorative Care Hospital 2.06 mi.
Nearby Fire Stations
Name Distance
Franklin Township Fire Department 1.94 mi.
Shelby County Fire Department 3.96 mi.
Germantown Fire Department 4.39 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in now.
What's the square footage of the available units?
It's 820 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
How many bedrooms are in the available units?
There are 1 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
1bd/1ba Condo Located In The Monarch has a 1 bedroom unit starting at $1,995.
Where is this property located?
This property is at 5400 Park Ave Unit 205 in Memphis, TN. It's 5.5 miles east from the center of Memphis.
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