---

Purchase Price: $669,000 Available
Property Type: 16 UNIT APARTMENT COMPLEX
Beds/Baths: 16 beds, 16 baths
Square Feet: 9,100 sqft
Year Built: 1957- 8 units rehabbed in 2024
Occupancy Status: ONLY 3 Vacant units- Average rents $445 a month

---

Several units were renovated 16 Unit Apartment Complex 1 Bedroom and 1 bath in each unit- .Located walking distance from beautiful downtown Memphis TN. UNLIMITED possibilities and potential with this property and its location!!

16 units average Rent $445 or a month with a $250 Deposit Tenants pay their own utilities, city picks up Trash FREE included in Tenants Utility Bill.

Owner pays for the water Average Water bill is $125 a month.

Potential rent if all units are updated last update was in 2010, rents could be pushed up to $600 a month!!

16 x $600 = $9,600K a month in Potential Rent!!

Insurance – $3,400 a year

Taxes – $2,977 a year

Mailing Address – 24 W Colorado Ave Memphis TN 38106

• 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.

• Memphis Property Management
• Memphis Turnkey Investment Properties
• DCC Rentals LLC