Multi Family In Memphis TN, Rent $400 Each Unit -8-Plex $3200

[Derrick Craig]

Multi Family Located Near Downtown Memphis, Rent $400 Each Unit 8-Plex $3200 A Month!

Purchase Price: $225,000
Property Type: Multi Family
Beds/Baths: 16 beds, 8 baths = 2 Beds 1 Bath each unit
Square Feet: 5350 sqft
Lot Size: .2890 Acres
Year Built: 1964
Occupancy Status: ALL UNITS RENTED

1074 Seventh St Memphis TN 38107
Taxes- $1574.00
Insurance- $2300.00 a year
Yard Maintenance- $900 a year
PM FEE 8% -$256.00
Rent - $3200 a month

All Utilities and trash pick up are paid by the tenants which is GREAT NEWS!!
Apartments have brand new roof, electrical, plumbing, ceramic tile floors, carpet, laminate flooring in high traffic areas. Very nice quiet 2 bedroom 1 bathroom apartments located downtown Memphis next door to BRAND NEW senior assisted living community!!

1074 N Seventh Street Memphis TN 38107