1074 N Seventh St, Memphis, TN 38107

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Everything BRAND NEW!! Rented ALL 8 UNITS Average Rent $400/m

Purchase Price: $250,000 SOLD
Property Type: 8 UNIT APARTMENT COMPLEX
Beds/Baths:  16 beds, 8 baths
Square Feet: 5,350 sqft
Year Built: 1964- rehabbed/rebuilt – 2015
Occupancy Status: Rented ALL 8 UNITS Average rent $400 a month

 

DESCRIPTION:

Fully Renovated 8 Unit Apartment Complex 2 Bedrooms and 1 bath in each unit- Everything BRAND NEW!! Roof, Floors, Windows, Heaters, Sinks, Toilets, Paint inside and outside, Electrical, Plumbing, hot water tanks and many many more new updates.

All 8 Units Are Rented $400 or a month with a $150 Deposit Tenants pay their own utilities, Water and city picks up Trash FREE included in Tenants Utility Bill.

Mailing Address- 549 Wells St Memphis TN 38107 Appraisers Government Address- 1074 N Seventh St Memphis TN 38107

*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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  • 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.
  • 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.

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    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.

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