m e m p h i s, t e n n e s s e e the property
TRANSCRIPT
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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
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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
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- 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
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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
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THE PROPERTY
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THE PROPERTY
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THE PROPERTY
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THE PROPERTY
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THE PROPERTY
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THE PROPERTY
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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%
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For additional information please
contact:
Antoine Martel
www.calendly.com/martelantoine
www.martelturnkey.com
CONTACT US