Cash Flowing Turnkey Condo For Sale – Rented $895 per month!
Status: (SOLD)
Purchase Price: $52,500
Property Type: Condo
Beds/Baths: 3 beds, 3 baths
Square Feet: 1,582 sqft
Year Built: 1975
Occupancy Status: Rented
PROPERTY DESCRIPTION
This 1582 square foot condo home has 3 bedrooms and 3.0 bathrooms. It is located at 5521 Quail Thicket Dr Memphis, Tennessee. New Roof, New Siding, New Floors, New Doors, New Plumbing, New Electrical, New Carpet, Fresh Paint, New Dish Washer, New Light Fixtures/Ceiling Fans, New Toilets, and Many more added extras.
List Price- $52,500
HOA FEE $185- Covers All Exterior of property, Club House, Pool, Drive way, Lawn, etc.
Taxes- $955 a year
Insurance- $475- Only Covers inside contents
Currently Rented- $895.00
Property Management Fee- 8% of Rent collected- $71.60
Super Nice Investment, one of the best Areas in Memphis Cash Flowing Property near Bartlett TN.
Please view Video of Property
- 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.
