Super nice Multi-Unit!! Rented ALL 4 UNITS Average Rent $862.50
Purchase Price: $495,000 AVAILABLE!!
Property Type: 4 UNIT APARTMENT COMPLEX
Beds/Baths: 4 beds, 4 baths
Square Feet: 2,430 sqft
Year Built: 1957- rehabbed/renovated – Jan 2017
Occupancy Status: Rented – ALL 4 UNITS are rented- Total rents $3450.00
DESCRIPTION:
Fully Renovated 4 Unit Apartment Complex 1 Bedroom and 1 bath in each unit- RENOVATED!! Roof, Floors, Sinks, Kitchen, Toilets, Paint inside and outside, Electrical, Plumbing, hot water tanks and many many more new updates.
All 4 Units Are Rented average rent is $862.50 month…… Water is paid by owner average water bill $75 a month. Tenants pay for city trash pickup and electric.
Total rents from all 4 units- $3,450.00
Taxes- $725 a year!!
Insurance- $2,100.00 a year
Mailing Address- 306 S Lauderdale St Memphis TN 38126
*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.
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- 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.
Memphis Buy And Hold is specializing in locating, purchasing, renovating and managing single-family and multi-unit properties and possesses from 2007 up to the present of experience in real estate investing and property management in the Memphis and Nashville markets.
