3412-3414 Pine Ridge LN, Memphis, TN 38118

This slideshow requires JavaScript.

Very NICE DUPLEX!- Rented $1,126 Total A Month! PASSIVE INCOME!

Status: SOLD
Purchase Price: $101,900
Property Type: DUPLEX
Beds/Baths: 2 Beds, 1 Bath on Each Side
Square Feet: 1,634 sqft
Lot Size: 0.155 Acres
Year Built: 1974
Occupancy Status: BOTH SIDES RENTED- $626 and $500 =$1,126

PROPERTY DESCRIPTION

4 Bedroom 2 Bathroom
List Price– $101,900
Taxes- $1,160 a year

Insurance- $550 a year
Property Management Fees- 8% of rent collected a month = $90.08 a month
Rented- $1,126 a month

Vacancy/Maintenance – $90.00 (Guesstimate)

Recent Comparable Sales- 

4433 Medley LN Memphis TN 38118- Sold -$119,000- Date sold- 3-30-2020
4432 MEDLEY LN Memphis TN 38118- Sold- $118,700- Date sold- 2-23-2020
4427 Medley LN Memphis TN 38118- Sold- $131,000- Date sold- 5-28-2020
4426 Medley LN Memphis TN 38118- Sold-$131,000 – Date sold- 7-1-2020
4481 Summers Wells RD Memphis TN 38118- Sold- $116,700- Date- 3-3-2020

 

  • 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.

Discover more from Memphis Buy And Hold

Subscribe to get the latest posts sent to your email.