Memphis portfolio xii v1
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Memphis Portfolio XII
SFR Portfolio Opportunity 6 Assets Leased and Performing
Investor Nation| Real Estate Secured Opportunities Investornation.com | 6000 Poplar Ave, Suite 250, Memphis, TN 38119
Executive Summary
Memphis Portfolio XII is a single-family residential portfolio in the Memphis metro area. The portfolio consists of 6 assets purchased and renovated in 2011. The portfolio is 100% leased with the majority of leases expiring in late 2013. Typical lease terms are for 12 months. Average Rent is $1012.50 per Asset Average Age is 1982 with 3 assets newer than 1990 All Assets are a minimum of 3 bedrooms and 2 baths 5 out of 6 Assets are in outer ring areas of Memphis; 1 asset is next to the
University of Memphis Net Operating Income is $52,300 Priced as 10% Cap rate
Investor Nation| Real Estate Secured Opportunities Investornation.com | 6000 Poplar Ave, Suite 250, Memphis, TN 38119
Purchase Price is $523,000
Asset Features and Pro-forma
All assets are leased and performing
*Addresses provided with executed Letter of Intent and Proof of Funds (see requirements page at the end of this document)
Investor Nation| Real Estate Secured Opportunities Investornation.com | 6000 Poplar Ave, Suite 250, Memphis, TN 38119
Asset Exteriors
Investor Nation| Real Estate Secured Opportunities Investornation.com | 6000 Poplar Ave, Suite 250, Memphis, TN 38119
Asset 1
Asset 5
Asset 3
Asset 4
Asset 1
Asset 6
Asset 2
Location – 6 Assets
Investor Nation| Real Estate Secured Opportunities Investornation.com | 6000 Poplar Ave, Suite 250, Memphis, TN 38119
Terms
Proof of Funds must accompany all Offers and / or Letters of Intent. Financing Offers will be considered. Please provide Financing Engagement
Letter from Bank or Financing Source Property addresses will be provided with an acceptable Letter of Intent and
Proof of Funda. Interior photos, and copies of leases will only be provided with an accepted
Offer Access to properties will provided only during agreed upon due-diligence
period and after earnest money has been committed, as to not disturb tenants
Investor Nation| Real Estate Secured Opportunities Investornation.com | 6000 Poplar Ave, Suite 250, Memphis, TN 38119
Contact
For further information, please contact: Ryan L. Hinricher 646.833.8265 [email protected]
Investor Nation| Real Estate Secured Opportunities Investornation.com | 6000 Poplar Ave, Suite 250, Memphis, TN 38119