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Updated 1 hour ago

Colonial Acres Home Ready Now


4601 Verne Rd Memphis, TN

2 Bed
•
1 Bath

855 Sq. Ft.

Available Now
Floor plans
2 Beds • 1 Bath
$1,295
855 ft2
1 Available
Managed By: River City Asset Management
-
$1,295
Available Now
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Colonial Acres Home Ready Now
Colonial Acres Home Ready Now
Colonial Acres Home Ready Now
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Property details
Description

Located in the Colonial Acres subdivision is this charming 2 bedroom 1 bathroom brick home that has been newly updated. This home features covered parking and a good sized back yard. This home is ready to go. Section 8 | MHA friendly. Schedule your showing and apply today.
REQUIREMENTS: -You must make 3X the rent amount & show proof of employment -Rental History -We do not accept any rental judgements, or any evictions within the last 5 years also we do not accept any bankruptcies within the last 5 years, and we do not accept any felonies on the background.
Application Fee: $100.00
Screening Fee: $35.00
**Scam Warning
Rivercity does not advertise on Craigslist. We will never ask you to wire money or request funds through a payment app on your mobile device. You will be asked to bring a property reservation fee to our office location. Please exercise caution and reach out to us directly if you have any concerns or questions!!

Additional Details
Total Unit Count: 1
Last Updated: Updated 1 hour ago
Contact Number: (901) 582-2557
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
AT&T Inc. 1000.0 1000.0
Comcast Corporation 987.0 35.0
AT&T Inc. 100.0 20.0
ViaSat, Inc. 100.0 3.0
Hughes Network Systems, LLC 25.0 3.0
Data from June 2020 provided by the FCC
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Photos Floor Plans
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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 Colonial Acres Home Ready Now by bedroom type below.
2 Bedroom
Suggested income:
$46,600
per year
Rent report

Colonial Acres Home Ready Now Rent vs. Memphis Average

 Colonial Acres Home Ready Now      Memphis Average
2BR
$1,295
$1,185
$0
$450
$900
$1,350
$1,800

Colonial Acres Home Ready Now is asking 9% more than the average 2 bedroom apartment in Memphis.

If you upsized to an average priced Memphis 3 bedroom apartment, you would pay 15% more per month.

If you downsized to an average priced Memphis 1 bedroom apartment, you would pay 9% less per month.

Colonial Acres Home Ready Now provides 14% less square footage than the average Memphis 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Colonial Acres Home Ready Now
2BR $1,295 $1.50 $3,885
Memphis Average
Studio $1,110 $2.70 $3,329
1BR $1,091 $1.50 $3,272
2BR $1,185 $1.20 $3,556
3BR $1,392 $1.10 $4,177
4BR $1,591 $1.00 $4,772

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 1,360 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% 29% 43% 19% 6%
Available Units in Memphis
Studio 94
1BR 909
2BR 1,360
3BR 597
4BR 185
Location
Nearby Colleges

University of Memphis

Southwest Tennessee Community College

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 855 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 2 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?
Colonial Acres Home Ready Now has a 2 bedroom unit starting at $1,295.
Where is this property located?
This property is at 4601 Verne Rd in Memphis, TN. It's 4.5 miles southeast from the center of Memphis.
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