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Updated over 7 years ago on .

User Stats

549
Posts
286
Votes
Jason Hopkins
  • Investor
  • Memphis, TN
286
Votes |
549
Posts

Cash Flowing Rental Property In Cordova, TN.

Jason Hopkins
  • Investor
  • Memphis, TN
Posted

Hello All,

Please see details below regarding this deal. This one has been a solid rental for me for years. I'm selling it to free up some cash for two other deals.

-3 bedroom 2 bath Brick SFR

1,544 Sq. ft

-2 car garage

-Laundry room

-Fenced in back yard

-Built in 2004

-Leased on a year to year lease for $1,300 per month. Tenant has been in place for 13 months. Tenant pays on time every month!

-Property management is in place (10% of monthly rent charge)

-$1,300 security deposit on file

-Yearly taxes $2,546.58

-Yearly HOA dues $130

-ARV $153,000

*If you are local please do not disturb tenant. No showing of inside until POF and contract are in place contingent upon inspection.

Offering