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For sale about 22 hours ago

$1,000,000

5+ bd 4+ ba 5786 sqft

60 Willett St, Memphis, TN 38104

Residential SFR Occupied Off MLS

Current Rent **

$10,000+

Projected Rent **

$10,000+

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Memphis is Midtown

Why buy 3 SFRs spread around town, when you can get 8 producing doors all in one place?

Rare opportunity to own this 100% rented cash-flowing property in the heart, Midtown, of Memphis, TN. Conveniently located by the hot-bio-medical district (jobs), live music venues (entertainment), shopping centers (food) and outdoor area (Family, Zoo, Parks).

Perfect for a 1031 Exchange. Local bank will finance to new multiunit investor due to property location.

360° and Virtual tours are available. Rent roll and maintenance reports can be obtained by emailing [email protected] or calling 901-676-6555

www.901.REALTORS is an Equal Housing Provider

Location:

60 Willett St, Memphis, TN 38104

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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.