3 Duplexes for $125,000 in Jackson, TN

[Jordan Buie]

RESPOND IMMEDIATELY IF INTERESTED, 3 Duplexes in Jackson, Tenn. for $125,000!!!!These properties were purchased in 1999 for

$137,737

7-9 Commodore
Total Market Appraisal: $70,600

24 Brianfield
Total Market Appraisal: $56,900

35 Brianfield
Total Market Appraisal: $73,100
Verify appraisal values at http://www.assessment.cot.tn.gov/RE_Assessment/Par...
3 of 6 units are rented and currently paid up.

3 of the 6 tenants have been there for more than 3 years.

Tenants pay all utilities and are responsible for mowing the lawn.

Average Gross rents $2,840 per month
Taxes are $150 per month total
Management fee is 10% of collected rent or $284.00 per month
Maintenance and repairs estimated at $100 per month each or $300 per month total
Mortgage payment is $880 per month based on a loan balance of $70,000

Net positive cash flow is: $1,226 per month +/- depending on maintenance costs and your insurance costs. 

http://nashville.craigslist.org/reo/5323817874.html

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