3 Duplexes in Memphis. Great cash flow for Buy and Hold Investors

[Haim Mamane Palman]

Three fully occupied duplexes with good standing tenants available for sale. Asking Price per duplex is $39,900.

Properties Addresses:
3345 Dungreen St. Memphis, TN 38118. Rent: $535+$525= $1060.

Currently rented with good standing tenants

3375 Wingate CV, Memphis, TN 38118. Rent: $575+$575= $1150

Currently rented with good standing tenants

3401 Eastport CV, Memphis, TN 38118. Rent: $510+$510= $1020

Currently rented with good standing tenants

Total Monthly Expenses per duplex: $520
property taxes ($140),
insurance ($60),
property management ($90),
repairs ($140),
vacancy ($90).

Estimated positive monthly cash flow per duplex: $550-600.

Estimated Cap Rate: 16.5% ($6600/$39,000)

Current rent rolls available.

Please contact [email protected] for additional details.

COMPARABLE SALES
Address	Price	Sold On	Beds	Baths	Sq.Ft	Year	Dist.
3381 Wingate Cv	$66,000	5/17/2013	4	2	2216	1971	0.0
3376 Wingate Cv	$68,700	7/17/2013	6	4	2400	1970	0.0
3380 Sunnyfield Cv	$64,519	2/12/2013	4	3	2044	1970	0.03

[Curt Davis]

This is one of the worst areas of Memphis to own any property, especially a duplex. The owners of these units have owned them for less then a year, why do they want to sell if the cash flow is so good?