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).
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
Liquidating inventory. Needs full and complete rehab, currently secured. Great investment property, suited for repositioning.
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)
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.
Offered at half its Wholesale Value. This is a single family Solid Brick Home. It has 3 bedroom and 2 bathrooms. 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 and transactions will be completed by our office at NO additional closing cost to buyer. This seller Global Premier Asset Servicing has Nationwide Wholesale listings with 200 Wholesale Detroit Michigan properties to liquidate price from $1,900 to $9,900 on average. If interested, please email our office for a complete list and web address.
New Class A development consists of 28 apartment units and one 970 SF unfinished ground floor space. Interior finishes: new cabinets, granite counter tops, SS appliances, laminate or stained concrete flooring; $50/mo underground covered parking (24 spaces)
VERY VERY LOW taxes for this ALL BRICK 4 PLEX Totally REHABBED and REPAIRED!! 100% Occupied each unit filled!! $1600 a month cash flow NEW ROOF NEW WINDOWS NEW CERAMIC TILE FLOORS NEW HARD WOOD FLOORS NEW TUBS NEW ELECTRICAL SYSTEM INSTALLED NEW ELECTRIC WALL HEATERS INSTALLED NEW TOILETS NEW KITCHEN CABINETS AND SINK NEW HOT WATER TANKS NEW CAR PET NEW FRESH PAINT INSIDE AND OUTSIDE NEW WOOD FENCE ON BACK OF 4 PLEX NEW CHAIN FENCE ON FRONT OF 4 PLEX NEW ROD IRON DOORS NEW EVERYTHING... This 4 plex has been totally rehabbed and new everything has been installed it is currently renting for $400.00 a month with a $150.00 security deposit!! Return on Investment is huge!! Very Low Maintenance issues since everything is BRAND NEW!!
***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.