1610-1644 South Orleans- Memphis Buy and Hold- 8 DUPLEXES!!
HEY BIGGER POCKETS,
NEW INVENTORY 8 duplexes Cash Flowing in Memphis TN!!
Each Duplex will be listed for $35k a piece and if someone wants to purchase the entire package I will discount them and sale for $240k!!
LOCATED OFF OF SOUTH PARKWAY IN SOUTH MEMPHIS NEXT TO LINCOLN ELEMANTARY SCHOOL AND NICE PLAYGROUND BESIDE SCHOOL.
Solid Turnkey Investment property located in the MID-WEST
NEW ROOFS, NEW SIDING, NEW CONCRETE DRIVEWAYS, NEW WINDOWS, NEW OUTSIDE PORCH POSTS, NEW HOT WATER TANKS IN ALL UNITS amongst other updates done to each of them separately. ALL UNITS CURRENTLY RENTED FOR $300 A PIECE 16 UNITS IN ALL 8 DUPLEXES RIGHT BESIDE EACH OTHER.
All are currently rented $600 a piece...
Cash Flowing $4,800 a month= $57,600 a year
Taxes - $771 a year each = $6,168
Insurance- $550 a year each = $4,400
PROPERTY MANAGEMENT- 8%= $4,608
Vacancy- 8% = $4,608
Maintenance- 8% = $4,608
CAP EX - 10% = $5,760
YEARLY ROI = $27,448
1610-1612 S Orleans Memphis TN 38106- Both sides rented $300 a piece
1614-1616 S Orleans Memphis TN 38106- Both sides rented $300 a piece
1620-1622 S Orleans Memphis TN 38106- Both sides rented $300 a piece
1624-1626 S Orleans Memphis TN 38106- Both sides rented $300 a piece
1630-1632 S Orleans Memphis TN 38106- Both sides rented $300 a piece
1634-1636 S Orleans Memphis TN 38106- Both sides rented $300 a piece
1640-1642 S Orleans Memphis TN 38106- Both sides rented $300 a piece
1644-1646 S Orleans Memphis TN 38106- Both sides rented $300 a piece
Let me know if you have any questions, I have tons of pictures if you need just email me [email protected]
Thanks
Derrick Craig
Memphis Buy and Hold
www.memphisbuyandhold.com
