Property Perks 1 story! Built in 2006! Tennessee property taxes are low Tenants pay utilities Roof fully replaced in April 2023 Fully rented and stays rented All units are the same 2bd, 1ba 887 sq ft, with tenants paying $750, $600, $550 and $550. Meaning that there is plenty of room to raise the rents (included in proforma) 2 units have been fully upgraded with LVP flooring Existing Property Management team is excellent Financial Summary Current Rents: $2450/mo or $29400/an Proforma Rents: $3000/mo or $36000/an Property Management: 8% Maintenance: 5% Vacancies: 5% NOI (Current): $24,108 NOI (Proforma): $29,520 Sale Price: $550,000 Cap Rate (Current): 4.38% Cap Rate (Proforma): 5.37% All units are currently occupied, and 2023 rental increases are now available to the new owner. Contact us today for more information.
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