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34487383
34487382

6 Locations For Sale

JR
TN 375004, MS S-59565
eXp Realty, LLC
Listed by eXp Realty, LLC
$325,000
2 days on market
Updated 2 days ago
Opportunity zone

5X Cash-Flowing Condos + 1X Cash-Cow Duplex | 662-642-1458

Details
APN 03-3027-0-0008
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Units 6
Cap Rate 14.29%
NOI $46,440
Occupancy 66%
Class C
Buildings 6
Stories 1
Investment Type Institutional

5X Cashflow Condos + 1X Cashcow Duplex!

Marketing description

5X Cashflow Condos + 1X Cashcow Duplex!

  1. 2567 Oxford Ave, Memphis, TN 38112 - TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $1,530/month total gross monthly rent. Unit 1 (Oxford Side) is rented for $800/month. Unit 2 (Bingham Side) is rented for $730/month. No showings without an accepted contract. Make offers contingent on inspection. Great opportunity for building your portfolio with massive cashflow!
  2. 5698 Los Gatos Dr, Apt 101, Memphis, TN 38115 - TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $745/month. No showings without an accepted contract. Make offers contingent on inspection. Great opportunity for building your portfolio with massive cashflow!
  3. 5660 Los Gatos Dr, Apt 2, Memphis, TN 38115 - TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $740/month. No showings without an accepted contract. Make offers contingent on inspection. Great opportunity for building your portfolio with massive cashflow!
  4. 2800 Mojave Pl, Apt 173, Memphis, TN 38115 - TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $855/month. No showings without an accepted contract. Make offers contingent on inspection. Great opportunity for building your portfolio with massive cashflow!
  5. 5655 Encino Cove, Apt 1, Memphis, TN 38115 - Investment opportunity with tremendous upside! This condo is available for showings! Property was in the middle of renovations before the seller decided to sell, leaving only a few finishing touches and remaining materials for the next owner. Complete the cleanup, install the microwave, mirror, and shower heads, and this unit could be turnkey and rent-ready for up to $850 per month. A great opportunity for investors looking for a low-cost project with strong rental potential. Watch the YouTube video tour here ---> YouTube Video Tour For 5655 Encino Cv, Apt 1, Memphis, TN 38115
  6. 2829 Sonora Dr, Apt 2, Memphis, TN 38115 - Turnkey and ready to go, this beautiful 2-bedroom, 2-bath condo in The Hamlets is an excellent opportunity for both investors and owner-occupants. Featuring new appliances, including a new oven and refrigerator, this low-maintenance unit is move-in ready from day one. Investors will appreciate the strong rental potential of approximately $850 per month, easily exceeding the 1% rule, while buyers looking to own an affordable home free and clear will love the value this property offers. Watch the YouTube video tour here ---> YouTube video tour for 2829 Sonora Dr, Apt 2, Memphis, TN 38115

All properties are being sold in a Memphis investor portfolio which includes 5655 Encino Cove, Apt 1, 38115; 5660 Los Gatos Dr, Apt 2, 38115, 5698 Los Gatos Dr, Apt 101, 38115; 2800 Mojave Pl, Apt 173, 38115; 2829 Sonora Dr, Apt 2, 38115; & 2567 Oxford Ave. That's 5 condos in the Hamlets & 1 duplex in Binghampton. The seller would like to sell all properties as a package but they can be sold individually as well. Contact a local realtor to make your offer today!

Investment highlights

5X Cashflow Condos + 1X Cashcow Duplex!

  1. 2567 Oxford Ave, Memphis, TN 38112 - TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $1,530/month total gross monthly rent. Unit 1 (Oxford Side) is rented for $800/month. Unit 2 (Bingham Side) is rented for $730/month. No showings without an accepted contract. Make offers contingent on inspection. Great opportunity for building your portfolio with massive cashflow!
  2. 5698 Los Gatos Dr, Apt 101, Memphis, TN 38115 - TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $745/month. No showings without an accepted contract. Make offers contingent on inspection. Great opportunity for building your portfolio with massive cashflow!
  3. 5660 Los Gatos Dr, Apt 2, Memphis, TN 38115 - TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $740/month. No showings without an accepted contract. Make offers contingent on inspection. Great opportunity for building your portfolio with massive cashflow!
  4. 2800 Mojave Pl, Apt 173, Memphis, TN 38115 - TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $855/month. No showings without an accepted contract. Make offers contingent on inspection. Great opportunity for building your portfolio with massive cashflow!
  5. 5655 Encino Cove, Apt 1, Memphis, TN 38115 - Investment opportunity with tremendous upside! This condo is available for showings! Property was in the middle of renovations before the seller decided to sell, leaving only a few finishing touches and remaining materials for the next owner. Complete the cleanup, install the microwave, mirror, and shower heads, and this unit could be turnkey and rent-ready for up to $850 per month. A great opportunity for investors looking for a low-cost project with strong rental potential. Watch the YouTube video tour here ---> YouTube Video Tour For 5655 Encino Cv, Apt 1, Memphis, TN 38115
  6. 2829 Sonora Dr, Apt 2, Memphis, TN 38115 - Turnkey and ready to go, this beautiful 2-bedroom, 2-bath condo in The Hamlets is an excellent opportunity for both investors and owner-occupants. Featuring new appliances, including a new oven and refrigerator, this low-maintenance unit is move-in ready from day one. Investors will appreciate the strong rental potential of approximately $850 per month, easily exceeding the 1% rule, while buyers looking to own an affordable home free and clear will love the value this property offers. Watch the YouTube video tour here ---> YouTube video tour for 2829 Sonora Dr, Apt 2, Memphis, TN 38115

All properties are being sold in a Memphis investor portfolio which includes 5655 Encino Cove, Apt 1, 38115; 5660 Los Gatos Dr, Apt 2, 38115, 5698 Los Gatos Dr, Apt 101, 38115; 2800 Mojave Pl, Apt 173, 38115; 2829 Sonora Dr, Apt 2, 38115; & 2567 Oxford Ave. That's 5 condos in the Hamlets & 1 duplex in Binghampton. The seller would like to sell all properties as a package but they can be sold individually as well. Contact a local realtor to make your offer today!

Listing Contacts

JR
TN 375004, MS S-59565
eXp Realty, LLC
Listed by eXp Realty, LLC

Valuation Calculator

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%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$46,440.00
$3,870.00/mo

Valuation Metrics

0
DSCR
14.29%
Cap Rate
14.29%
ROI

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Additional Information

Name
Jordan Ray
License
375004
Brokerage
eXp Realty, LLC
Brokerage Phone
9015050756
Title
Realtor
Brokerage Address
8059 Stage Hills Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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