306 S Lauderdale St, Memphis, TN 38126
Multi family located in Downtown Memphis, Rented $450 each unit 4-Plex $1800 a Month!
Purchase Price: $125,000.00 $115,000.00
Property Type: Multi Family
Beds/Baths: 1 bed, 1 bath
Square Feet: 600 sqft
Lot Size: 4,900 sqft
Year Built: 1957
Occupancy Status: Rented
306 S Lauderdale St is a multi-family home in Memphis, TN 38126. This 2,430 square foot multi-family home sits on a 4,900 square foot lot. This property was built in 1957. Nearby schools include Vance Middle School, Martin Luther King Transition and St Patrick School. The closest grocery stores are Matthews the Poor Man’s Store, Vance Grocery and Lusters Sundry. Nearby co�ee shops include Pontotoc, Dorothy Mays café and Starbucks. Nearby restaurants include Miss Annie’s Cafe, bb king restaurant and Lunchbox Eats. 306 S Lauderdale St is near Foote Homes Park, Brown Park and Robert Church Park. There are excellent bike lanes and the terrain is Ȃat as a pancake. 306 S Lauderdale St is very bikeable, biking is convenient for most trips. This address can also be written as 306 South Lauderdale Street, Memphis, Tennessee 38126.
- Our sister company DCC RENTALS LLC can manage this property for you with ease 8% management fee which is negotiable if you allow us to manage more properties in your investment portfolio call 901-212-4476
- Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time.
- All investors should allocate a reserve for maintenance and vacancy for any investment property. Vacancy and repairs are variable cost factors that can increase or decrease from year-to-year that will impact yields over time.