1408-1410 Effie Rd, Memphis, TN 38106

This slideshow requires JavaScript.

CASH FLOW MACHINE!!! DUPLEX!! Very Nice!!

Status: SOLD
Purchase Price: $69,500.00
Property Type: Multi-Family-Duplex
Beds/Baths: 2 beds, 2 baths
Square Feet: 1,008 sqft
Lot Size: 0.182 acres
Year Built: 1958
Occupancy Status: Both units are RENTED $450 a piece

PROPERTY DESCRIPTION

Tax Assed – $69,500.00
Sg Footage – 1,008
Currently Rented – $900 total = $450 each unit
Taxes- $711.00 a Year
Insurance- $375.00 a Year
Property Management- 8% Currently Managed by DCC RENTALS LLC = $72.00

  • 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 •

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.