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Updated almost 2 years ago,

User Stats

21
Posts
3
Votes
Jason Lewis
  • Charlotte, NC
3
Votes |
21
Posts

OFF MARKET VALUE ADD!!! DIRECT TO SELLER

Jason Lewis
  • Charlotte, NC
Posted

Purchase price: $1,050,000 includes assignment fee!
Seller is willing to cla creative deal.
Located in the Jackson neighborhood at 1088 National St in Memphis this property includes a 3/2 house next door at 1076 National St. 14 units, all 2/1, 100% occupied and rents average out to $652/month. Seller is getting ready to increase some rents ($150-$275 per month increase) which will increase net operating income by $2,000 per month. Units are individually metered with tenants paying gas/electric while owner pays water, sewer and trash. This property is under contract and will be assigned to an end buyer. EMD is $20,000 and is nonrefundable after 30 days of deposit. For more details, please contact Jason Lewis @[email protected]

Offering
Memphis, Tennessee