M E M P H I S, T E N N E S S E E THE PROPERTY
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Transcript of M E M P H I S, T E N N E S S E E THE PROPERTY
THE PROPERTY1 4 9 O M O N R O E A P A R T M E N T S
M E M P H I S, T E N N E S S E E
PROPERTY INFORMATION
Address:
Unit Mix:
Year Constructed:
Average Rent:
Property Occupancy:
Purchase Price:
1490 Monroe, Memphis TN 38104
16 - 1BR/1BA
1964
$850/mo
90%
$2,000,000
- New laundry room- New roof (2019)- Exterior paint- All new exterior doors- New parking lot- New cedar fence- All new exterior lights- All units have been renovated with
tile flooring and stainless steel appliances
- Half of the HVAC units and furnaces are brand new
RENOVATIONS COMPLETED
WHY THIS PROPERTY
Hospital
G R E A T L O C A T I O N
Around the corner from a new Starbucks
Blocks away from Medical District
Close to new apartment buildings
Close to hipster hotspots
Starbucks
New Apts
Hipster Hotspots
THE PROPERTY
THE PROPERTY
THE PROPERTY
THE PROPERTY
THE PROPERTY
THE PROPERTY
PRO FORMA
PURCHASE PRICE $2,000,000
RENT $165,000
TAXES $20,000
INSURANCE $7,500
PROPERTY MANAGEMENT $11,500
UTILITIES $4,800
NET OPERATING INCOME $121,200
CAP RATE 6%
For additional information please
contact:
Antoine Martel
www.calendly.com/martelantoine
www.martelturnkey.com
CONTACT US
