VERY NICE HOME!! with Apartment- Passive Income!
Purchase Price: $165,900 AVAILABLE
Property Type: Single Family Residence
Beds/Baths: 3 beds, 2 baths PLUS 1 BED 1 Bath Apartment
Square Feet: 1,460 sqft
Year Built: 1960- Rehabbed/Renovated 2019
Occupancy Status: Rented – $1,500 a month
PROPERTY DESCRIPTION
This 1450 square foot home has 3 bedrooms and 2 full bathrooms, PLUS FULL 1 bed room 1 full bath apartment in back of home, It is located at 3238 S Perkins Memphis, Tennessee 38118. New Roof, New hard wood refinished floors, New Floors, New Doors, New Plumbing, New Electrical, Fresh Paint, New Light Fixtures/Ceiling Fans, New Toilets, and Many more added extras. ! Cash flowing Machine!!
List Price – $165,900.00
Taxes – $1,206.00 a year
Insurance – $700.00
Currently Rented – $1,500.00
Property Management Fee – 8% of Rent collected- $120.00
Cap Ex/Maint/Miscellaneous – $100.00
YEARLY NET CASH FLOW = $10k PLUS
Super Nice Buy and Hold Investment Property.
SEE VIDEO!!!
- 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.
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.
