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Built in 1927, this duplex in INNER CIRCLE Memphis features two units, both currently occupied. One unit has tenants with a monthly payment of $600, while the other unit's tenants pay $585 monthly. The property is well-maintained, requiring no repairs, and both units have been consistently occupied since 2019, with tenants paying on time.

DUPLEX

🛌2 BEDS

🛀2 BATHS

🏠600 SQ FT each

🛠️Year Built: 1927

🏠roof: good

❄️HVAC: good

🚿water heater: working

🚰plumbing: all good

💡electricity: all good

👥 TENANTS ON BOTH SIDES

💵 600 and 585 payments

🏡EMD: $5k

Financials :

🏠ARV : 95K

🔧REHAB : Cleaning, Flooring and few minor repairs. Inspection Report has been done. Repairs around 15k - 20k.

💰Gross Rent : 1185

🏠Insurance : 32 $

📝Taxes : 30$

📉NOI : 827$

💵Cash Flow with Lending (20% down, 8.5% int. Rate ) : $ 426

💵Cash Flow with Cash : 827$

🔄COC : 12%

🏦Cap Rate : 13%

🔄ROI : 25%

🧮GRM : 5.2

💰1 % RULE - 1.58%

We have a whole Portfolio of Rental Properties in Inner Circle of Memphis. If you would like to purchase the entire portfolio we can schedule a ZOOM call.

All the properties below bring great ROI and Rental Income, you can purchase them either via lending or cash.

Duplex in Shelby County : https://investorlift.com/p/113372 

Two Houses on the same lot in Shelby County : https://investorlift.com/p/113373

Single Family in Shelby County : https://investorlift.com/p/113375

Single Family in Shelby County : https://investorlift.com/p/113377

• All numbers are provisional and buyer should do their due dilegence.

CHECK OUR OTHER DEALS AT: https://deals.m4hi.com/

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WE OFFER FINANCING THRU EPIC CAPITAL FUNDING (OUR PREFERRED LENDER).

EPIC CAPITAL APPLICATION: (You can submit your info and deal directly with our underwriters and processors).

Hard Money Guidelines. (for your review)

Book Appointment for HML Funding.