Super nice Multi-Unit Rented ALL 4 UNITS Average Rent $525Year Built 1957- rehabbedrenovated Jan 2017Occupancy Status Rented ALL 4 UNITS Average rent $525-$550 a monthFully Renovated 4 Unit Apartment Complex 1 Bedroom and 1 bath in each unit- RENOVATED Roof, Floors, Sinks, Kitchen, Toilets, Paint inside and outside, Electrical, Plumbing, hot water tanks and many many more new updates.All 4 Units Are Rented average rent is $525-$550 month Water is paid by owner average water bill $75 a month. Tenants pay for city trash pickup and electric.Total rents from all 4 units- $2,234.00Taxes- $725 a year Insurance- $1,500.00 a yearMailing Address- 306 S Lauderdale St Memphis TN 38126Stated 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.Please visit Memphis Buy and Hold website for more properties
