All deals
AvailableBuy & Hold
6125 Lakeview Dr
Memphis, TN 38115 · Shelby County
Asking
$289,000
ARV
$445,000
Est. spread
$104,000
All-in / ARV
77%
Underwriting
The numbers
Purchase (assignment price)$289,000
Estimated repairs+ $52,000
All-in basis$341,000
After-repair value (ARV)$445,000
Gross spread$104,000
Return on basis (before costs)30.5%
Market rent estimate$4,400/mo
Rent-to-basis (monthly)1.29%
Holding, closing and financing costs not included. Verify all figures independently.
The opportunity
All-brick fourplex, 3 of 4 units leased. Each unit 2bd/1ba. Vacant unit needs full turn; others need light updates. Projected 9.8% cap after stabilization.
- 3 of 4 units leased
- ~9.8% stabilized cap
- All-brick, newer roof
- Coin laundry income
Property facts
- Property type
- Fourplex
- Strategy
- Buy & Hold
- Beds / Baths
- 8 bd · 4 ba
- Living area
- 3,600 sf
- Lot
- 12,000 sf (0.28 ac)
- Year built
- 1974
- Occupancy
- Partially Occupied
- County
- Shelby County, TN
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