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8-property package w/ $78K annual rents: $250K! (Jackson/Memphis)

8-property package w/ $78K annual rents: $250K! (Jackson/Memphis)



  8-property package w $78K annual rents $250K! JacksonMemphis
 

 
Ad id: 2606163940609658
Views: 9
Price
$250.00

VALUE PRICED PACKAGE DEAL OF EIGHT RENTAL PROPERTIES.
YOU WILL NOT FIND THESE CAP RATES AND ROI ANYWHERE! EXCELLENT LONG TERM INVESTMENT! SELLERS WISH TO CASH OUT, THERE IS NO OWNER FINANCING.
MANAGEMENT IS ALREADY IN PLACE, HOWEVER you are free to choose other management or no management.

PACKAGE DEAL OPPORTUNITY: ALL EIGHT houses individually are priced at a total of $300k OR as an entire package for $250K for all EIGHT properties. Monthly Income is over $6500 with $78,000 ANNUAL GROSS RENTAL INCOME.

We've tried to answer all potential questions up front. Read through the entire ad before asking basic questions, as they're likely covered somewhere in this text. This package of EIGHT income producing properties (any of which can be individually purchased also) are located in Memphis Tennessee (3 of them) and in Jackson Tennessee (five of them).

The Memphis properties are all located in robust rental areas; Memphis is an excellent place for both flipping property as well as holding rental property. Jackson is a buy-and-hold city, NOT as much of a 'flipping' market. Jackson has a very strong rental sector. The Jackson properties are all within the Jackson City Limits, in the University of Memphis-Lambuth area known as the LANA area. It is a beautiful older neighborhood very similar to Downtown Franklin. The lot sizes of these homes are ALL normal city size lots, (some are double lots), but they are NOT on multiple acre lots. In recent years, many great new developments have been happening in Jackson and it is a lively town of almost 100K people, situated 120 miles west of Nashville and 80 miles east of Memphis right on Interstate 40. Besides a very robust industry/ economy, it also has SIX COLLEGES: (Univ. of Memphis- Jackson satellite campus; University of TN-Martin satellite campus, Bethel, Union, Lane, and Jackson State Community College). and TONS OF INDUSTRY. (Huge health care industry, huge legal industry, plus Delta Faucets, Armstrong floors, Pringles, Kelloggs, Budweiser, etc etc). There is a Tennessee Supreme Court Branch, a small FBI branch office, a Convention Center that hosts large concerts, conventions, etc; a massive shopping area replete with Mall (Macys, Sears, Penny's, etc) as well as the 'Columns' shopping area with numerous restaurants, big box outlet stores, etc.

For the most expedient response, please text or call my contact number rather than sending an email. If you call and do not reach me in person on the phone, PLEASE text as my voice mail tends to fill quickly.
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1. home #1: 5XX Cambridge, Memphis TN. 38106
$45K cash price. Generating $1250/ month Rent.
JUST RENOVATED. 4 BR, 2 BA Home. Sold for $56K in 2000.
Central Heat, New Windows, New Hot Water Heater, Vinyl Siding, New Flooring, Double City Lot, Fenced. Built 1912.

2. home #2: xxx Preston Street, Memphis TN 38106.
$40K cash price. Generating $750/ month Rent.
JUST RENOVATED. 3 BR, 1 BA Home. Sold for $55K in 2006.
Central Heat/ Air, Gorgeous Original Woodwork and Fireplace, Character, Built 1915.

3. home pictured #3: xxx Richert Street, Memphis TN 38108.
$35K cash price. Generating $550 month Rent.
JUST RENOVATED. 2 BR, 1 BA Home. Sold for $50K in 2007.
Central Heat/ Air, Newer Windows, Updated Electric, Vinyl Siding, etc. Built 1908.

5. home pictured #4: 143 hatton street, jackson tn 38301
$40K cash. zillo value: approx $60K
3 bedroom, 2 bath. can be rented for $750/ month or as a duplex for min. $1000/ month
NEEDS RENOVATION: 5-8K+ (heat/ air, paint, floors refinished, kitchen work, cosmetics)
property tax: (2014) $499
lot size:10,000 sq ft
Built 1910

5. home #5: 118 south fairground street, jackson tn 38301
3 br, 2 bath home which can be used as a duplex. $35K.
NEEDS RENOVATION: minimum 3-5K in improvements
zillo value: approx $55K.
can generate $1000/ month as a duplex.
property tax: $285
lot size: 4000 sq ft
Built 1920

7. home #6: 119 Alexander Street, Jackson TN 38301
$30,000 cash
zillo value: approx $41K
NEEDS ADDITIONAL RENOVATIONS: atleast 2-4K in improvements
currently rented for $500/ month...could be rented for $600-700/ month
property tax: $354
lot size: 140x 50
Built 1952

7. home pictured #7: 337 gordon street, jackson tn 38301
$35K cash. zillo value: approx $37K.
3 bedroom, 1 bath home. can be rented for $700/ month.
NEEDS RENOVATION. Needs 5-8K+ in improvements (new drywall, heat/ air, paint, walls, kitchen and bath work, floors refinished, cosmetics) Built in 1920.
property tax: (2014) $247
lot size: 8398 sq. ft

8. home pictures # 8: xxxHale street, jackson tn
$40K. zillo value: $40K. CURRENTLY rented for $550/ month.
Adorable 2 BR, 1 BA cottage. Recently totally renovated.

IF YOU ARE A WHOLESALER, YOU ARE WELCOME TO SELL THE PROPERTIES AND WE WILL GLADLY PAY A COMMISSION, HOWEVER WE WILL NOT TIE THEM UP WITHOUT NON-REFUNDABLE EARNEST MONEY.

 
 
 
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Last Updated on: September 19, 2017
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