16 Unit Apartment Complex-Near Downtown Memphis-Cash Flowing $5200 a month!!!

[Derrick Craig]

If you are interested call/text or email/PM me anytime 901-212-4476 or [email protected]

Rent Range of Comparable Properties in the Area: $300-$400

Average price per unit - $21875

$3k Cash Flow after Monthly expenses and accounting for vacancy and deferred maintenance/repairs which are variable. 

All units are 1 bedroom 1 bath, Each unit rented for $325 a month,
City picks up trash FREE!!
Owner responsible for Water averages $250-$400 a month
Owner responsible for Lawn/maintenance averages $50-$100 a month

Apartments have consistently been rented for the last 5 years with less than 2 months between any tenant move out!!! Strong addition to any portfolio.

Beautiful B- C Class 16 unit Turnkey Apartment Complex Totally rehabbed and rented walking distance from down town Memphis Tn

24 W Colorado Memphis TN 38126

****DCC Rentals LLC- Will manage the property for buyer for small 10% Property Management fee!!***

We have uploaded NEW Properties on our website you need to check out click link below..

NEW WHOLESALE TURNKEY PROPERTY MEMPHIS BUY AND HOLD

*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.

[Account Closed]

Hey Derrick,

When you get a buyer, let me try to finance them for you.

Tom