8 Unit 2 bed 1 Bath Apartment in Memphis $3200 Gross income a month Everything BRAND NEW!! Rented ALL 8 UNITS Average Rent $400/m Purchase Price: $250,000 AVAILABLE Property Type: 8 UNIT APARTMENT COMPLEX Beds/Baths: 16 beds, 8 baths Square Feet: 5,350 sqft Year Built: 1964- rehabbed/rebuilt – 2015 Occupancy Status: Rented ALL 8 UNITS Average rent $400 a month DESCRIPTION: Fully Renovated 8 Unit Apartment Complex 2 Bedrooms and 1 bath in each unit- Everything BRAND NEW!! Roof, Floors, Windows, Heaters, Sinks, Toilets, Paint inside and outside, Electrical, Plumbing, hot water tanks and many many more new updates. All 8 Units Are Rented $400 or a month with a $150 Deposit Tenants pay their own utilities, Water and city picks up Trash FREE included in Tenants Utility Bill. Mailing Address- 549 Wells St Memphis TN 38107 Appraisers Government Address- 1074 N Seventh St Memphis TN 38107 *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. Look at Video 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. 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. NO SELLER FINANCING AVAILABLE!!! 8 Units Rented Apartment Complex 2 Bedrooms and 1 bath in each unit- Everything BRAND NEW!! 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 ROD IRON DOORS NEW EVERYTHING... NO SELLER FINANCING AVAILABLE!!! All 8 Units Are Rented $400 a month with a $150 Deposit Tenants pay their own utilities and city picks up Trash FREE included in Tenants Utility Bill. NO SELLER FINANCING AVAILABLE!!! Mailing Address- 549 Wells St Memphis TN Appraisers Government Address- 1074 N Seventh St Memphis TN *Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time. NO SELLER FINANCING AVAILABLE!!! *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. Location: 1074 Seventh, Memphis, TN 38107
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