Description
New to the market! This turnkey and fully occupied 7-unit apartment complex is a great addition to a Memphis portfolio or an excellent opportunity for an investor entering the market.Six of the seven units have been renovated within the last two years. All units are currently under long-term leases with a total monthly rent of $4,524 (meeting the 1% rule).Each unit includes air conditioning (Central AC or PTAC units).The property is conveniently located near major distribution centers and directly across from the Kellogg’s facility, with easy access to major employment hubs. It is also approximately 15 minutes from Memphis International Airport, providing strong rental demand potential.The owner prefers traditional financing but will consider creative financing options.Don’t miss this investment opportunity!
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School Ratings & Info
Description
New to the market! This turnkey and fully occupied 7-unit apartment complex is a great addition to a Memphis portfolio or an excellent opportunity for an investor entering the market.Six of the seven units have been renovated within the last two years. All units are currently under long-term leases with a total monthly rent of $4,524 (meeting the 1% rule).Each unit includes air conditioning (Central AC or PTAC units).The property is conveniently located near major distribution centers and directly across from the Kellogg’s facility, with easy access to major employment hubs. It is also approximately 15 minutes from Memphis International Airport, providing strong rental demand potential.The owner prefers traditional financing but will consider creative financing options.Don’t miss this investment opportunity!
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