MID-TOWN Fully Renovated Multi-Unit!! ALL 4 UNITS are RENTED!!
Purchase Price: $555,000 AVAILABLE!!
Property Type: 4 UNIT APARTMENT COMPLEX
Beds/Baths: 8 beds, 4 baths
Square Feet: 3,498 sqft
Year Built: 1950- Completely gutted rehabbed/renovated – March 2023
Occupancy Status: Rented – ALL 4 UNITS are rented- Total rents $4200.00 a month!!
DESCRIPTION:
Fully Renovated 4 Unit Apartment Complex 2 Bedroom and 1 bath in each unit- Super Nice Area in Mid-Town Memphis very close to Downtown, New Roof, New Floors, Sinks, Kitchen, Toilets, Paint inside and outside, Electrical, Plumbing, hot water tanks, Granite kitchen sinks, Iron Gates for entry and secured parking lots for tenants and many many more new updates.
All 4 Units Are Rented !!!…… Water is paid by owner average water bill $75 a month. Tenants pay for city trash pickup and electric.
Total rents from all 4 units – $4,200.00
Taxes – $2176 a year
Insurance – $1,400.00 a year
Mailing Address – 121 N Bellevue Blvd, Memphis, TN 38104
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.
PLEASE SEE VIDEOS BELOW!
BEFORE REHAB
AFTER REHAB
- 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.
