Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace View Now: https://rimarketplace.com/auction/1414/memphis-single-family-rental-portfolio-double-digit-cap-rate-17-homes?utm_source=costar&utm_medium=listing&utm_campaign=multifamily_1414 Marcus & Millichap and RI Marketplace are proud to offer an ±82% occupied portfolio of 17 single family homes in Memphis, Tennessee (the “Portfolio”) for purchase. With a stable in-place income-stream, this Portfolio presents investors with an excellent opportunity to acquire cash-flowing residential income assets that are both generating income and offering future upside opportunities through mark-to-market renewals and continued modernization. Memphis Residential Income Portfolio consists of 17 single family homes totaling ±18,243 square feet in the city of Memphis. The Portfolio contains one (1) 4 bedroom/2 bathroom unit, one (1) 4 bedroom/1 bathroom unit, five (5) 3 bedroom/2 bathroom units, six (6) 3 bedroom/1 bathroom units, and four (4) 1 bedroom/1 bathroom units. Currently ±82.35% occupied, Memphis Residential Income Portfolio offers significant upside vial via modernized capital improvements, aggressive lease-up at market rates, and hands-on management. Market rents in the submarket average $500 (1 bedroom) and $992 (3 bedrooms) per month allowing for significant value add through increased rents upon tenant expirations. Besides generating cash flow and having very low vacancy rates, these single family homes also have the strong potential for appreciation over time. The locations of these properties allow you to diversify in different parts of the Memphis Metro Area. The Portfolio is located in Memphis and centered east of Downtown and north of Memphis International Airport. The Portfolio is proximate to employment centers, retail, and entertainment options, major roadways, and the surrounding developments are experiencing stable levels of demand. The Portfolio is an exceptional opportunity to own a package of 17 well-located and cash-flowing rental units in the Memphis metro area, offering a lucrative investment opportunity with multiple exit strategies for the new owner. Property Address Bed/Bath 934 Alaska Street, Memphis, TN 38107 3 Bed/2 Bath 937 Speed Street, Memphis, TN 38107 3 Bed/1 Bath 1143 National Street, Memphis, TN 38122 3 Bed/2 Bath 1153 Dunnavant Street, Memphis, TN 38106 3 Bed/1 Bath 1181 Coker Street, Memphis, TN 38107 4 Bed/1 Bath 1299 Dunnavant Street, Memphis, TN 38106 3 Bed/1 Bath 1621 Oakwood Street, Memphis, TN 38108 1 Bed/1 Bath 1623 Oakwood Street, Memphis, TN 38108 1 Bed/1 Bath 2483 Vandale Avenue, Memphis, TN 38108 4 Bed/2 Bath 2851 Carnes Avenue, Memphis, TN 38114 3 Bed/2 Bath 3119 Allison Street, Memphis, TN 38112 3 Bed/1 Bath 3198 Millwood Street, Memphis, TN 38109 3 Bed/1 Bath 3220 Choctaw Avenue, Memphis, TN 38111 1 Bed/1 Bath 3222 Choctaw Avenue, Memphis, TN 38111 1 Bed/1 Bath 3855 Glencoe Drive, Memphis, TN 38115 3 Bed/2 Bath 4530 Beacon Hill, Memphis, TN 38127 3 Bed/1 Bath 10464 E. Holmes Rd., Memphis, TN 38017 3 Bed/2 Bath