John Madison Exum Towers I

Overview

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John Madison Exum Towers I offers a dynamic living experience in the vibrant city of Memphis, Tennessee. This community is designed to cater to the needs of its residents, providing a comfortable and convenient lifestyle. With its strategic location in the Audubon Park area, you will find easy access to shopping centers, recreational areas, and essential services.

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The apartment community features a variety of floor plans to suit different preferences, making it an ideal choice for individuals seeking independent living. The well-maintained grounds and facilities ensure that residents can enjoy a pleasant environment and a sense of community. John Madison Exum Towers I is also known for its proactive management team that focuses on maintaining high standards of living and addressing the needs of its residents promptly.

Residents and their visitors will appreciate the array of amenities available on-site. These features contribute to a balanced lifestyle, combining leisure, convenience, and community engagement. Whether you’re relaxing at home or exploring the local area, John Madison Exum Towers I provides a welcoming atmosphere that feels like home.

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Amenities and Features

Shared laundry facilities
Playground
Independent living options
On-site management
Proximity to shopping and recreational areas

John Madison Exum Towers I Location

Address: 3155 Sharpe Ave, Memphis, TN 38111

Phone: 901-743-7300

Website: https://www.rent.com/tennessee/memphis-apartments/john-madison-exum-towers-4-lnp001E0000019GYzuIAG/

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About Memphis, Tennessee

Memphis, a city located in the state of Tennessee (TN), is home to a population of approximately 1,038,000 people. Memphis boasts a median age of 34.5, with around 20.3% of its residents aged 60 or above. 5.8% of the population identifies as US Veterans. 13.7% of Memphis residents are disabled. The city has an average household income of $48,090, while the unemployment rate stands at 8.6%, and around 23.6% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Memphis is $137,503, with a monthly rent averaging $1,050.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.