Eight unit apartment building, Currently has two tenants with cap rate for 4%. Fully occupies Cap Rate potential of 20%-Great investment opportunity! Assumable note in place in the amount of $72,800 (Seller Financing).
Price Upon Req.552,562 SF
CRYE-LEIKE COMMERCIAL is pleased to present this former 314 bed hospital campus spanning 47.58 acres +/- and well over 550,000 square feet of improvements. The property is comprised of a four-story main hospital building and two, six-story office towers. There are three auditoriums, a commercial kitchen, gift shop and spacious dining room. Construction of the first building began in 1965 with the most recent buildings constructed in the 1980s. Extensive renovations occurred in 2003-04 and 2012-13. The campus also features a single family residence and fully-functioning daycare/preschool facility. Contact us today to request a CA and full offering memorandum.
14 large completely remodeled condo's in a gated community. Beautiful building and pool area. Each home is large 2-3 bedrooms with 2.5 bath in each. 1200-1500 sq feet with Granite counter tops and stainless steel appliances and bamboo and ceramic tile floors. These can be sold off individually. In the meantime as a rental property there has been awaiting list for a year to get in. Check out
Property is in Sweetwater and Madisonville Tn. 1 Site has 24 Town home units sitting on 9 acres. 13 (2) bedroom units and 11 (1) bedroom units. The other location has 27 units and is made up of 8 duplex's and 3 quad buildings. There are 11 (2) bedrooms, 4 (3) bedrooms and 12 (1) bedrooms. These were build in 1980. Some tenants have been there since it was built. They stay 100% occupied and always have a waiting list. These are all tenants that the rent is paid by the government under a THDA 20 year contract. Contract goes thru 10-27-32. Income is increased every year. Contract has recently been renewed for another 20 years. HUD used to audit the complex's every year but no longer does due to budget cuts. There is a laundry room and office on site at both locations. The 2nd complex is getting all new roofs. Owner may finance with $550-600k down. (Wrap). Local bank willing to finance them for the right buyer. Maintenance is diff every depending on the weather and depending on inspections. Utilities goes up every yr, at least from the fee standpoint. They get a rent increase every yr but also a utility increase.
Liquidating inventory. Needs full and complete rehab, currently secured. Great investment property, suited for repositioning.
$750,000Size Upon Req.
The Park has 61 +/- Pads, All but 5 Mobile Homes (rent pad only ) are park owned . There are 2 Commercial Building now Leased along the Highway.On site Office & Mail boxes+ some Storage units,about 12 units ready to rent.18 units need Replacement or repaired.Currently showing 12 vacant Lots.One Single family rental home @102 Peabody is being sold.Owner will take a 20% 2nd at sale to a approved buyer.102 Peabody is now rented @$550 per Mo.
This charming seven unit apartment building sits on a quarter acre lot. Three units are currently occupied. When fully rented, property runs a 15% cap rate. Assumable note in place in the amount of $52,500 (Seller Financing)
Lakeside Manor Apartments is a 24 unit apartment complex in New Johnsonville west of Nashville, that as recently been remodeled (including appliances). The three buildings sit on 1.59 acres with plenty of room for future developement, but as is, Lakeside Manor can be a turn key investment property. Average rent for the 24 units is $458.00 per month making it affordable and attractive enough to keep a 100% occupancy rate. All three buildings are a combination of brick and vinyl with a paved parking lot, and all has been very well maintained. Lakeside Manor Apartments remains a great investment property in a location that is growing, and improving over the years.
Great Investment Property in Memphis, TN. This property went through a renovation in 2014 and now has tenant paying $750 per month. This investment will cash flow on a monthly basis and produce a 10% cap rate factoring in property management and allowances for vacancy and maintenance. This investment is professionally managed and owners have 24 hr access to their accounts and statements.
Completely renovated single family home ready for new tenant. ***CAP RATE IS CALCULATED USING 8% MANAGEMENT FEE AND 6% FOR MAINTENANCE AND 6% FOR VACANCY*** Renovations include the following....New roof, new a/c condenser and coil, new water heater, new garage door, new counter tops in kitchen, new tops in bathrooms, new light fixtures throughout the home, new exterior paint, new interior paint (walls, ceiling, and trim), new flooring throughout home. Home is tenant ready and all major expense items have been addressed. Furnace was replaced in 2005. Great cash flow - over $300 per month and ROI - 13% after factoring in property management, vacancy and maintenance budgets.