🔥INSANE CAP RATE Buy & Hold 3 DUPLEX PACKAGE in Memphis, TN 🔥

Shelby County, Memphis, TN, 38107
Sold
Listed at: April 14th, 2022
Price
$125,000
Sq. Footage
1080
Type
Attached
Parking
Assigned
Year build
1951
Lot size
10846.00 sqft
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

💰INVESTMENT OPPORTUNITY💰

 PRICE: 175k

NEW PRICE: 165k

Over 12% CAP

CALL/TEXT 816-542-7165

3 DUPLEX PACKAGE 


RENT:

Duplex 1: $300/month each unit.

Duplex 2: $280/month 1st unit. $300/month 2nd unit.

Duplex 3: $275/month each unit.


TOTAL RENT: $1,730/month

Details 🏠:

Bed/Bath:  6 units

Year Built: 1951

Lot: 10,846

 

Link to Pictures/Videos 📸 📸 :

https://drive.google.com/drive/folders/1189P_3qwlzSBTx63T3TYmEyh7P2KdEVd?usp=sharing

 

Description 🙌 :

This duplex package is a perfect Buy & Hold opportunity in a hot rental area! Three duplexes on 1 lot, total of 6 units bringing in $1,730/month making a CAP rate of 12% and instant cash flow! Take advantage of this deal while it lasts - this one is priced to sell!


-Cash or hard money only

-Sight unseen offers are always prioritized.

-Must close with seller title company

-Buyer pays all closing costs 

-Deal not final until EMD is received. 

-Inspections done prior to contract. (Zero day inspection period) 

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.


Videos

Montgomery 3 Duplex Package - In Depth Tour

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Ben

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