Turnkey Rentals in Tennessee

[Bryan L.]

I'm looking to sell some of my rental houses and move the money into notes or hard-money lending. These houses have done very well for me since I got out of doing my own property management and turned them over to a very good, local PM. I have 3+ years of great results on these, and can provide proof of actual results either from the PM, or with tax returns. There are 4 houses total (each one is a regular SFR, single family rental). I can sell them individually or as a package. My asking prices will put these each at around a 10% CAP rate, and they will be in the 35-45K range each. These are all located in smaller towns in middle Tennessee - with the great returns that so many look for in Memphis, but without the war-zone problems. Seriously, these towns have no areas at all where I would feel unsafe. These are all ready to go with solid tenants who have already been with me for several years. Property taxes and insurance rates are low, crime is low, and these are just great little rentals. It's all there, everything is in place for you. The property manager is already in place and doing an excellent job, I have already shopped around for the lowest insurance rates, these are already rented with stable, long-term renters, I can provide proof of their performance over several years. Start making excellent cash flow from day one - no rehab needed, no deferred maintenance, these are making money right now.

Another thing - in the Southland, we have no snow-removal costs like they do in Indianapolis or other mid-west cities, definitely not like Detroit.  The property taxes are also low and the landlord tenant laws are better than other places too.

Serious inquiries, please send me a private message.

keywords - SFR rental for sale cash flow cash-flow turn key turnkey Tennessee not Memphis