All Forum Posts by: Derrick Craig

306 S LAUDERDALE ST MEMPHIS TN 38126

Multi Family Located In Downtown Memphis, Rented $450 Each Unit 4-Plex UP TO $1800 A Month!

Purchase Price: $115,000.00
Property Type: Multi Family
Beds/Baths: 1 bed, 1 bath each unit
Square Feet: 600 sq ft each unit
Lot Size: 4,900 sqft
Year Built: 1957
Occupancy Status: Rented- 3 units occupied

Please review inspection reports below helps with your due diligence along with the video..

306 S Lauderdale- 4 PLEX - 1st Inspection Report

306 S Lauderdale- 4 Plex - 2nd Inspection Report repairs completed

306 S Lauderdale Video!! Memphis TN -4 Plex!!

PROPERTY DESCRIPTION

306 S Lauderdale St is a multi-family home in Memphis, TN 38126. This 2,430 square foot multi-family home sits on a 4,900 square foot lot. This property was built in 1957. Nearby schools include Vance Middle School, Martin Luther King Transition and St Patrick School. The closest grocery stores are Matthews the Poor Man’s Store, Vance Grocery and Lusters Sundry. Nearby coffee shops include Pontotoc, Dorothy Mays café and Starbucks. Nearby restaurants include Miss Annie’s Cafe, BB King restaurant and Lunchbox Eats. 306 S Lauderdale St is near Foote Homes Park, Brown Park and Robert Church Park. There are excellent bike lanes and the terrain is Ȃat as a pancake. 306 S Lauderdale St is very bikeable, biking is convenient for most trips. 

This address can also be written as 306 South Lauderdale Street, Memphis, Tennessee 38126.

Memphis Buy and Hold Available Properties!

If you are interested in this property ...Please contact - Derrick Craig- 901-212-4476  or [email protected] 

Our sister company DCC RENTALS LLC can manage this property for you with ease 8% management fee which is negotiable if you allow us to manage more properties in your investment portfolio call 901-212-4476

 Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time.

• 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.

Readers please do not to confuse this property with "Memphis Buy and Hold" the company.. We have no ties with this property. Just in case questions arise.

I do know @Haim Mamane Palman and I think he is a great guy and investor in Memphis.

Newly Rehabbed And Rented $738 Per Month!

Purchase Price: $48,500
Property Type: Single Family Home
Beds/Baths: 3 beds, 1 bath
Square Feet: 1,199 sqft
Year Built: 1958
Occupancy Status: Rented

PROPERTY DESCRIPTION

This 1199 square foot condo home has 3 bedrooms and 1.0 bathrooms. It is located at 3389 Redbud Rd Memphis, Tennessee. Central Heating, Window AC Units, New Siding, New Floors, New Doors, New Plumbing, New Electrical, New Storage house in the Back yard, LARGE BACK YARD AND FRONT YARD, New Carpet in bedrooms, Fresh Paint, New Light Fixtures/Ceiling Fans, New Toilets, and Many more added extras. 1yr Lease Section 8 Tenant..

3389 Redbud Rd Memphis TN 38109

List Price- $48,500
Taxes- $770 a year = $64.17
Insurance- $375 = $31.25
Currently Rented- $738.00 - 1 year lease Section 8 Tenant
Property Management Fee- 8% of Rent collected- $59

Vacancy- $40

Maintenance- $60

Cap Ex-$50

Total cash flow each month- $433.58 😁

VIDEO BELOW!!

https://youtu.be/Fa_X6UxavIM

3389 Redbud Rd, Memphis, TN 38109youtu.beWholesale Turnkey Investment Properties http://memphisbuyandhold.com/

Very Nice Investment located in quiet area of Memphis close to expressway.

Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time.
• 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.
• Our sister company DCC RENTALS LLC can manage this property for you with ease 8% management fee which is negotiable if you allow us to manage more properties in your investment portfolio call 901-212-4476
• Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time.

3389 Redbud Video!!

Contact: Derrick Craig - 901-212-4476 or email [email protected] if you are interested in this property... We have not priced it as of yet but please keep looking at our available properties site and it will be updated on it very soon... Don't forget to view the video on this beautiful Cash Flowing property below..http://memphisbuyandhold.com/memphis-investment-properties/

Memphis Investment Properties – Memphis Buy and Holdmemphisbuyandhold.comMemphis Buy And Hold Specializes In The Sale Of Turnkey Properties That Build Wealth And Financial Security. We locate and acquire discounted properties in working ...

PROPERTY DESCRIPTION

UPDATED HOME WITH OVER $22,000 REHAB LOOK AT VIDEO!!!

2178 Burnham Cove, Memphis TN 38127

This is a 3 Bedroom 1 bath home located in Frayser area of Memphis TN, Tax assessed $53,900... Recently remodeled 2017 includes paint, ceramic tile in kitchen and bathrooms, hard wood floors, wrought iron outside doors, new wood privacy fence, new HVAC, New ROOF, new electric installed, new light fixtures, new carpet, and many many more.

List Price – COMING SOON!! $65k-$75k
Built- 1967
Currently Rented for $866.00 a Month- Sec 8 Tenant 1 yr Lease
Property Management Fee $69.28 a Month
Taxes - $92.50 a Month
Insurance Quote -$42.00 a Month
Vacancy- $60.00

Maintenance- $60.00
CAP EX- $60.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $482.22!!!💲

Memphis Buy and Hold -Available Properties

Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time. 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.

Contact: Derrick Craig - 901-212-4476 or email [email protected] if you are interested in this property... We have not priced it as of yet but please keep looking at our available properties site and it will be updated on it very soon... Don't forget to view the video on this beautiful Cash Flowing property below.. 

2178 Burnham Cove Memphis TN 38127- Video!!

@Mark Hart

Thanks... MAAR was incorrect on that one we didn't add one it was already in there in the master Bedroom

@Andrei Crivineanu 

I justsent you an email 

NEW EVERYTHING!! RENTED $958 1 Yr Lease

Status: Available
Purchase Price: $65,000
Property Type: Single Family
Beds/Baths: 4 beds, 2 baths
Square Feet: 2,430 sqft
Lot Size: .441 Acres
Year Built: 1953
Occupancy Status: Rented

PROPERTY DESCRIPTION- 5355 Airview RD, Memphis, TN 38109

NEW EVERYTHING- RENTED $958 1yr lease!!!

This is a 4 Bedroom 2 bath home located Cora Lake area of Memphis TN, Recently remodeled inside and outside includes paint,New Roof, New windows, tub, toilet, hot water tank, ceramic tile in kitchen and bathrooms, Carpet Floors, New HVAC Unit, Brand NEW Electrical system, Brand NEW Plumbing installed, new light fixtures, Huge DEN with Fire Place Area, Huge Laundry Room Area, and many many more. 

If you look below in the pro forma I went ahead and added all the guesstimates for vacancy, maintenance, and CAP -EX for all the skeptics and I still came out with a Cash Flow of over $400.00!!!

List Price – $65,000.00
Built- 1953
Currently Rented for $958 a Month- Section 8 Tenant on 1 year Lease!
Property Management Fee $76.64 a Month
CITY and COUNTY TAXES – $105.00 a Month
Insurance Quote -$50 a Month
Vacancy- $96.00

Maintenance- $96.00
CAPEX- $96.00

If purchased all cash expect to CASH FLOW- $438.36- CHA-CHING💲💵

If you are interested in this property please contact Derrick -901-212-4476 or email [email protected]

If you are looking for more Awesome Wholesale Turnkey Investment properties Single Family Homes and or Multi-Family properties please click here - Memphis Buy and Hold  then click on Memphis Investment Properties Link!!

Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time. 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.

www.memphisbuyandhold.com

Home is under contract!!

@Richard Bull

I love this zip code, I invest in this zip code, I know a ton of investors that invest in this zip code, I know several TKP investing and selling in this zip code, I grew up in this zip code.... Definitely not the best zip code in Memphis TN but it is by far the most profitable zip code for me and my investors!! This is just MY personal opinion....

Here is the scope of work on this property

We installed new hard wood laminate floors in the living room and hall ways, we installed new ceramic tile in the kitchen and bathrooms, we repainted the entire inside and outside of the home along with doing a ton of siding wood work on outside replacing rotted wood, we installed new condenser unit outside, also installed new hot water tank, we replaced cabinets in both bathrooms with new ones and also new toilets , new light fixtures new ceiling fans, refinished kitchen and made brand new, new plumbing where as needed and new plumbing faucet and bathroom fixtures to match throughout home, new security door in front and back of home, removed very very large tree that was in the back yard of the home, and new carpet in the 3 bedrooms. Let me know if you have any more questions or concerns about this property. Kind Regards, Derrick