This is a rare opportunity in a fast moving market to acquire the newly renovated Graceland Farms Apartments at an above market cap rate. The property features laminate hardwood flooring to save on the costs associated with carpet, updated kitchens with new appliances, and all new HVAC 410A high seer units. This incredible location is near three schools, Elvis' home - Graceland, Memphis' largest logistics employment center, shopping, and the Interstate 55. The complete renovation offers new black appliances laminate hardwood floors, huge closets and living area, and onsite laundry facility. Kids can walk to three schools to there is no reason for the parents to move minimizing turnover cost! Offered to principals only.
To immediately view the detail property information for this property or other multifamily listings go to This is an opportunity for a great apartment complex that requires little to no work with an upside on rents! Heritage Square has a free standing on-site sing office, laundry, maintenance room and mail pick up station. Heritage Square was formerly a 76-unit apartment complex. The owner has decided to renovate one side & double the rents so the property has been divided in half. Heritage Square now has 40 units that are 100% leased. The other half of the property now has a separate identity with asking rents of $950/unit for fully renovated 2-bedroom apartments! Heritage Square averages $547 so even though renovation is not a requirement there should be major upside on the rents in Heritage Square' s future. Given the division of the property, note that the books & records are prorated to illustrate operations including taxes and insurance.
To immediately view the detail property information for this property or ~20 other multifamily listings go to website Country French architecture from the 1920' s featuring hardwood floors. Property features keyed entry, covered parking, high ceilings, large closets, separate dining room, and much more! A new in-house laundry for residents use, professionally serviced by MacGray, and is a huge amenity for a property this size! Building stays full with good tenants.
Renovated Duplex (2004), New Kitchen, Refinished Hardwood Floors, New HVAC, New Electrical Wiring, Separate Utilities for Each Unit. Easily Converted to Single Family Residence or Leave Existing Tenant to help offset Mortgage Payment. Unit #1 Downstairs: 1 Bedroom, 1 Bath (1008 Sq Ft) Formal Living & Dining Room, Kitchen with all appliances & New Cabinets, Built In BookShelves, Full Basement Unit #2 Upstairs: 2 Bedroom, 1 Bath (956 Sq Ft) Huge Bedrooms with Walk In Closets, Large Living Room & Dining Room, New Kitchen with Appliances and Stacked Washer/Dryer.
Package of GREAT single family homes at a 10 CAP RATE. One owner for all homes. Many times, you see packages of homes with a few nice homes and then lots of low end properties that beef up the cap rate and gross rent multiplier. This package contains homes that are in better areas, highter rents, and potential for more upside in the future. Many of these homes are in areas that we would consider for tenants or retails sales. All homes are either newly renovated, renovations underway, or just about to begin. Great opportunity to pick up a package of nice homes in Memphis to add to or start your portfolio.
This 6 unit Apartment is located in the Whitehaven area, just minutes from the Memphis International airport. There are 4 two bedroom and 2 one bedrooms with central heating and air and laundry connections. The scheduled monthly income is $2970/month.
This 4 unit building is located just minutes from I-240. The units are all 2 bedroom 1 bath townhouse style units with central heating and air. The scheduled monthly rents are $2050 per month.
7 single family properties in package. Owner's have been managing and may be relocating out of state. All in good condition with stable tenants in place, many for long term with good opportunity to rental rate increases.
Excellent opportunity to buy at a price that works for a low to mid-level renovation/clean up. The property will serve a low to moderate income clientele that responds well to new renovations. This could be a great Section 8 or Low Income Housing Tax Credit property renovation. The Apartment Association of Greater Memphis' June 31, 2015 report states the submarket occupancy excluding distressed properties is 95%.
One 24-Unit Apartment Complex, 19 Single Family Homes, and 1 Duplex - go to our website at Apartment community has just undergone a $1 million full renovation from the studs out, like new! All single family properties renovated second half of 2013 except for the duplex. Over $400,000 spent on renovations. This home portfolio ranges from beautiful Midtown homes to modest homes in outer suburbs.