All Forum Posts by: Jason Hopkins

@Kelly Singleton Get a quote from First American Insurance, Chris Couch is the contact.

Please see details below regarding this Off Market Duplex Deal in Memphis, TN. Please let me know if you are interested.

-3226 Forest Brook Dr. Memphis, TN. 38118

-Each unit is rented for $625 per month

-Each unit is on a month to month lease, tenants have been there 5 months

-Built in 1970

-2,340 total sq feet

-Roof is in good condition

-HVAC for both units is 3 years old

-Water heaters for both units is 3 years old

-Microwave, stove, and fridge provided in each unit

-Yearly taxes $1,324.79

-Repairs $5,000 (cut grass, trim trees in front and back yard, remove broken trees branches in back yard, power wash outside of property, repair a few holes in drywall, secure a few vent covers, clean carpet, change locks)

-ARV $67,000

-Cash asking price $45,000

-ROI 17.8%

-Clink link to view detailed pictures

https://www.youtube.com/watch?v=xevVEXT9eNc&t=4s

-Comps

-3213 Forest Brook Dr. $78,000 (sale pending)

-3220 Ashwood $65,000 (sale pending)

-3402 Barbwood Dr $65,000 (sale pending)

-3446 Barbwood Dr $65,000 (sale pending)

*Based off $45K purchase and $5K repairs

*Disclaimer and Terms*

This property is a off market wholesale deal that can be bought with cash only. I have the property under contract to purchase for cash and selling my position as the current buyer via a assignment agreement.

@Marcus Spurlock yes it is

Please see details below regarding this Off Market Duplex Deal in Memphis, TN. 

-3226 Forest Brook Dr. Memphis, TN. 38118

-Each unit is rented for $625 per month

-Each unit is on a month to month lease, tenants have been there 5 months

-Built in 1970

-2,340 total sq feet

-Roof is in good condition

-HVAC for both units is 3 years old

-Water heaters for both units is 3 years old

-Microwave, stove, and fridge provided in each unit

-Yearly taxes $1,324.79

-Repairs $5,000 (cut grass, trim trees in front and back yard, remove broken trees branches in back yard, power wash outside of property, repair a few holes in drywall, secure a few vent covers, clean carpet, change locks)

-ARV $67,000

-Cash asking price $45,000

-ROI 17.8%

-Clink link to view detailed pictures

-https://www.youtube.com/watch?v=xevVEXT9eNc&t=4s

-Comps

-3213 Forest Brook Dr. $78,000 (sale pending)

-3220 Ashwood $65,000 (sale pending)

-3402 Barbwood Dr $65,000 (sale pending)

-3446 Barbwood Dr $65,000 (sale pending)

*Based off $45K purchase and $5K repairs

*Disclaimer and Terms*

This property is a off market wholesale deal that can be bought with cash only. I have the property under contract to purchase for cash and selling my position as the current buyer via a assignment agreement.

Start earning cash flow from day one. 100% occupied. Great for seasoned or new investors. Please do not disturb tenants, contact listing agent for further details.

283 N Bellevue Blvd. Memphis, TN. 38105

9 furnished bedrooms

2 full bathrooms and 2 half bathrooms

100% occupied

Cable TV and WIFI

Built in 1912

4244 sq ft

Lot Square Feet 8,973

Yearly taxes $5731.15

Roof is 1 yrs old

HVAC is in place

Renovated in 2016

Jason Hopkins

Affiliate Broker

4 Success Realty

5501 Winchester Rd #6

Memphis, TN. 38115

Welcome to BP and good luck with your goals!

Start earning cash flow from day one. 100% occupied. Great for seasoned or new investors. Please do not disturb tenants, contact listing agent for further details.

283 N Bellevue Blvd. Memphis, TN. 38105

9 furnished bedrooms

2 full bathrooms and 2 half bathrooms

100% occupied

Cable TV and WIFI

Built in 1912

4244 sq ft

Lot Square Feet 8,973

Yearly taxes $5731.15

Roof is 1 yrs old

HVAC is in place

Renovated in 2016

Jason Hopkins

Affiliate Broker

4 Success Realty

5501 Winchester Rd #6

Memphis, TN. 38115

Jason Hopkins, Starlevelrealestate, LLC | [email protected] | 901.468.3310

There are a lot of good TK providers in Memphis.  I would suggest reaching out to @Douglas Skipworth and @James Wachob  There have a good reputation in the city.

Start earning cash flow from day one. 100% occupied. Great for seasoned or new investors. Please do not disturb tenants, contact listing agent for further details.

283 N Bellevue Blvd. Memphis, TN. 38105

9 furnished bedrooms

2 full bathrooms and 2 half bathrooms

100% occupied

Cable TV and WIFI

Built in 1912

4244 sq ft

Lot Square Feet 8,973

Yearly taxes $5731.15

Roof is 1 yrs old

HVAC is in place

Renovated in 2016

ARV- $175,000

Asking Price-$170,000

Cost per Square Foot $40

0 repairs needed

Gross Monthly Rents-$4,180

Monthly Expenses-$2,682.25

Monthly Net Income-$1,497.75

Gross Yearly Rents-$50,160

Yearly Expenses-$32,187

Yearly Net Income-$17,973

Capitalization Rate-10.6%

Cash on Cash Return-42.7%

Jason Hopkins

Affiliate Broker

4 Success Realty

5501 Winchester Rd #6

Memphis, TN. 38115

Start earning cash flow from day one. 100% occupied. Great for seasoned or new investors. Please do not disturb tenants, contact listing agent for further details.

283 N Bellevue Blvd. Memphis, TN. 38105

9 furnished bedrooms

2 full bathrooms and 2 half bathrooms

100% occupied

Cable TV and WIFI

Built in 1912

4244 sq ft

Lot Square Feet 8,973

Yearly taxes $5731.15

Roof is 1 yrs old

HVAC is in place

Renovated in 2016

ARV- $175,000

Asking Price-$170,000

Cost per Square Foot $40

0 repairs needed

Gross Monthly Rents-$4,180

Monthly Expenses-$2,682.25

Monthly Net Income-$1,497.75

Gross Yearly Rents-$50,160

Yearly Expenses-$32,187

Yearly Net Income-$17,973

Capitalization Rate-10.6%

Cash on Cash Return-42.7%

Jason Hopkins

Affiliate Broker

4 Success Realty

5501 Winchester Rd #6

Memphis, TN. 38115