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$495,000 / 4br - 2430ft2 - Turnkey Investment Property - 306 S LAUDERDALE ST (MEMPHIS, TN)

306 S LAUDERDALE ST, MEMPHIS, TN 38126

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306 S LAUDERDALE ST
4BR / 4Ba 2430ft2
Super nice Multi-Unit!! Rented ALL 4 UNITS Average Rent $862.50

Year Built: 1957- rehabbed/renovated – Jan 2017
Occupancy Status: Rented – ALL 4 UNITS are rented- Total rents $3450.00

Fully 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 $862.50 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- $3,450.00

Taxes- $725 a year!!

Insurance- $2,100.00 a year

Mailing Address- 306 S Lauderdale St Memphis TN 38126

*Stated 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.

post id: 7733115874

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