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Archived about 2 months ago

$159,900

2 bd 1 ba 1600 sqft

1150 N McNeil, Memphis, TN 38107

Residential Duplex Occupied

Current Rent **

$1,900

Projected Rent **

$1,900

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Derrick Craig

Unit 1 Details
  • Current Rent: $950
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 800 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $950
  • Bedroom: 0 bd
  • Bathroom: 0 ba
  • Square Footage: 800 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No

CASH FLOW MACHINE!!! DUPLEX!! Very Nice!! LONG TERM TENANTS

CASH FLOW MACHINE!!! DUPLEX!! Very Nice!! LONG TERM TENANTS
Status: AVAILABLE
Purchase Price: $159,500.00
Property Type: Multi-Family-Duplex
Beds/Baths: 4 beds, 2 baths
Square Feet: 1,638 sqft
Lot Size: 0.186 acres
Year Built: 1948
Occupancy Status: Both units are RENTED long term renters $950 and other side $950 Total = $1900.00
PROPERTY DESCRIPTION
1150 N McNeil St Memphis TN 38107

Sg Footage – 1,638
Currently Rented – $950 & $950 Total rent $1900.00
Taxes- $1418.00 a Year
Insurance- $475.00 a Year
Property Management- 8% Currently Managed by DCC RENTALS LLC = $152.00
Our sister company DCC RENTALS LLC can manage this property for you with ease 8% management fee which is negotiable if you allow us to manage more properties in your investment portfolio call 901-212-4476
Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time.
All investors should allocate a reserve for maintenance and vacancy for any investment property. Vacancy and repairs are variable cost factors that can increase or decrease from year-to-year that will impact yields over time.

Location:

1150 N McNeil, Memphis, TN 38107

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.