PRICE SLASHED $70,000

NOW $307,500

1178 N Evergreen St, Memphis, TN 38108

Asking Price: $377,500

ARV: $648,000

6-unit apartment complex

all units are rented

all units are 2bedroom/1bath's

all units are rented for $600/mo

all units have been rehabbed AT LEAST TWICE IN THE PAST 5 YEARS

6 units x $600= $3,600/mo.... $43,200/year

owner stated that he is about to raise rents to $635/mo

Expenses

Taxes: $2,081/year

Insurance: $3,777

Utilities: $239/mo (average of last 10 months) x 12= $2,868/ year

(The other 2 months are not counted in average because of water pipe leakage using excess water, which has already been fixed)

IF YOU HAVE ANY ADDITIONAL QUESTIONS, PLEASE CALL JP @ 888-996-3676