Promise Land Realty Value Add 78 Unit Multifamily Apt Complex 1711 Pendleton St Memphis TN $3.2M - Deal Available
Updated: Feb 8
Multifamily Investment Opportunity
Acquisition Price
$3,200,000
Great opportunity to invest in the solid rental area which is Memphis, TN. This property possesses Extreme Value-Add potential with renovation and a new community of tenants. 20 units are currently rented at $500/month. Estimated rehab cost on this complex is around $800,000 for turnkey condition, but we suggest that you do your own due diligence. Currently approved for (1) Senior Living 55+ (2) Assisted Living (3) Individual living. Assisted living scenario could yield up to $3,500 per room. For additional Information or to schedule a showing please email Trevor at sarter@promiselandrealtyllc.com
Financial Info:
Annual Summary
"Brick By Brick"
PROMISE LAND REALTY, LLC
Work: 313-307-6616
sarter@promiselandrealtyllc.com
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*