All Forum Posts by: Dean Harris

3133 Choctaw Ave Memphis, TN 38111

$82,900

MLS # 10043404

This 2/1 per unit Duplex in 38111 is currently occupied for $500 per unit with both units having a lease end date of 07/31/2019. Showings and inspections allowed only after offer is accepted, no exceptions.

In 38108, we have a 6-Unit that is just waiting for a buyer to pick up and complete rehab! Once rehabbed, the rent in that area is looking to be $495-$550 for the new units! This is NOT an assignment/wholesale deal! Start your 2019 off with some explosive growth in your Memphis portfolio!

List price right now is $84,900 with an estimated rehab of about $20-30,000 for all 6 units. The Sellers did most of a rehab but the contractor didn't secure the property and there was some vandalism. See pics. This is one to buy for any value-add investor. Buy now and sell as a turn-key MF or buy-and-hold in a ZIP code that's getting more and more popular with investors!

At an average rent of $525/unit, we get $37,800 gross annual rent x .65 for expenses (on the high side, to be safe) and that's $24,570 net! At an all-in cost of $129,900, that's a conservative CAP of 18.92%!

Some features:

Fenced and iron gated area

Top and bottom units with stair access on both sides

Located central to major roadways

Roof was replaced less than 10 years ago

No HVAC maintenance as units require window units or other options OR you can add as a new project down the road

Taxes CHEAP at $2,356!

Address is 1178 N Evergreen, Memphis, TN 38108

3586 Bruton Pl Memphis, TN 38135

$94,900

MLS # 10043399

This is a 3/2 in 38135, being sold as an investment opportunity! Reply to this ad for appointments and instructions to enter.

8603 Brer Fox Cv Memphis, TN 38018, Occupied

$134,900

MLS # 10043401

This 3/2 in 38018 is currently occupied for $1,250 with a lease end date of 3/31/2020. Showings and inspections allowed only after offer is accepted, no exceptions.

1232 Mt Moriah Rd Memphis, TN 38117, Occupied

$98,900

MLS # 10043400

This 3/1 in 38117 is currently occupied for $950 with a lease end date of 8/31/2020. Showings and inspections allowed only after an offer is accepted, no exceptions.

In 38108, we have a 6-Unit that is just waiting for a buyer to pick up and complete rehab!  Once rehabbed, the rent in that area is looking to be $495-$550 for the new units!  This is NOT an assignment/wholesale deal!  Start your 2019 off with some explosive growth in your Memphis portfolio!

List price right now is $84,900 with an estimated rehab of about $20-30,000 for all 6 units.  The Sellers did most of a rehab but the contractor didn't secure the property and there was some vandalism.  See pics.  This is one to buy for any value-add investor.  Buy now and sell as a turn-key MF or buy-and-hold in a ZIP code that's getting more and more popular with investors!

At an average rent of $525/unit, we get $37,800 gross annual rent x .65 for expenses (on the high side, to be safe) and that's $24,570 net!  At an all-in cost of $129,900, that's a conservative CAP of 18.92%!  

Some features:

Fenced and iron gated area

Top and bottom units with stair access on both sides

Located central to major roadways

Roof was replaced less than 10 years ago

No HVAC maintenance as units require window units or other options OR you can add as a new project down the road

Taxes CHEAP at $2,356!

884 Kippley St Memphis, TN 38112

$24,900

MLS # 10038907

This is a 2/1 in 38112, being sold as an investment opportunity! Please contact the Listing Agent at the email given for appointments for instructions to enter.

MLS#10030654

$189,900

4/8 occupied; 4@$425, 4@$450

7/8 units rehabbed

All new hot water heaters

Wall heaters repaired/replaced

New paint

Front/back security doors for all units

New tub surround for 4 units

Install new flooring/paint floors

Electrical/plumbing inspected & repaired

Cabinets in kitchen repaired & painted

Only Unit #4 needs to be rehabbed

Exterior:

New roof installed in 2016

A SkyCop™ Security Camera installed

plus a LOT more, all covered in the presentation in the included docs on the MLS! Share with clients

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2251 Stovall Ave Memphis, TN 38108

$25,110

MLS # 9994662

This is a 2/2 in 38108, being sold as an investment opportunity! Please contact the Listing Agent at [email protected]

3780 Mallory Rd Memphis, TN 38111, Occupied

$36,000

MLS #10034724

This 2/1 in 38111 is currently occupied for $550. Showings and inspections allowed only after an offer is accepted, no exceptions.