Owner considering all offers. 10.6% cap rate on actual 2013 performance. Very spacious & highly sought after town home floor plans with a great location.
**NEW REDUCED PRICE*** B+ apartments built in 2001 with new lifetime roofs, low maintenance exterior, and cash flow plus value add through professional marketing! All two bedrooms with one and two baths. Each unit has washer and dryer connections and central heat and air. Ceramic tile in entry and bath, walk-in closet in master, spacious cabinets in kitchen, well lit grounds, insulated walls and double pane windows. Assumable loan: $3,950,000; 4.25%; Monthly P&I $24,459.75; Maturity Jan. 1, 2025; Assumption fee 1.5% of UPB, plus a $5000 admin fee
***Quick sale wanted*** 1 BD, 1 BA. Each unit is 1,100 sq ft. Building 4,400 sq ft. Totally new. Heat pump heating and air individual for each. Rheem Marathon 50-gallon hot water tank in each unit. Separate laundry room. Tile and hardwood flooring. Energy efficient. Online security camera system, exterior mounted. Off-street parking. Total rehab 5 years ago. New electric. New plumbing. Crawl space is sealed. Small basement has sump pump installed. Fully occupied with a waiting list. Great value for size and like new. Downstairs units $750 each; upstairs $800 each with balcony. Rehab objective to be low maintenance.
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
Offered at half its Wholesale Value. This is a single family Solid Brick Home. It has 3 bedroom. This was a recent U.S Bank foreclosure. Available for sale at a fraction of its value. Home is located at 1091 Leath St Memphis TN 38107. Built in 1929. All wholesale assets are sold as is where is of course. Property is vacant and will need interior rehab. This is a very recent Foreclosures.
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.
$137,000Size Upon Req.
MULTI-UNIT (8) APARTMENT COMPLEX; IT IS 60% RENTED AND REHABBED; ALL 1 BEDROOM 1 BATH UNITS; TENANT PAYS ELECTRICAL AND GAS AND OWNER PAYS WATER
Price includes all renovations and 6 month warranty. We have financing. We offer both short and long term financing to qualified applicants. This is a 3 bedroom 2 bath SFR for $48, 900 and rents for $895 per month. In Memphis the rents are very high--you can purchase a home for $50K and rent it for $1,000/Month. Memphis is one of the most undervalued markets in the country! 45% of the population rents.
$505,000Size Upon Req.
Potential 40 unit mobile home park located near downtown Memphis, TN. Monthly rental based on 25 units. Rent roll attached. This property is well established and residents own all units. There is potential for additional income from 15 pads that are available.