TURNKEY QUADS
230 Dunson St, Crowder, MS
14.26% return
SP:
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Property Description

NO REHAB NEEDED!! 

12 unit complex, fully occupied. $2 MILLION REPLACEMENT COST! Units have been updated within the last 2 years. All appliances are new. Large spacious apartments, each unit is 1,100 square feet. Low expenses and easy to maintain. 14%+ CAP RATE!! Located an hour and 20 minutes from Memphis, TN. 

Property management and financing available.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units12
  • Total bedrooms36
  • Total bathrooms24
  • Building size14082 sq. ft.
  • Lot size2.0 acres
  • Year built1996
  • CountyPanola County
  • Subdivision
  • ConstructionBrick
  • RoofShingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Sale price $399,900
  • Estimated rehab 1 $0
  • Total investment $399,900
  • Type Proforma
  • Gross income (annually) $75,600
  • Operating expenses (annually) $18,583
  • Net income (annually) $57,017
  • Gross return 18.90%
  • Gross income (monthly) $6,300
  • Operating expenses (monthly) $1,549
  • Net income (monthly) $4,751
  • Net return 14.26%

Property Income & Expenses

  • Income
  • Building 1
  • Unit 1: 3 bed / 2 bath $525/month $6,300/year
  • Unit 2: 3 bed / 2 bath $525/month $6,300/year
  • Unit 3: 3 bed / 2 bath $525/month $6,300/year
  • Unit 4: 3 bed / 2 bath $525/month $6,300/year
  • Building 2
  • Unit 5: 3 bed / 2 bath $525/month $6,300/year
  • Unit 6: 3 bed / 2 bath $525/month $6,300/year
  • Unit 7: 3 bed / 2 bath $525/month $6,300/year
  • Unit 8: 3 bed / 2 bath $525/month $6,300/year
  • Building 3
  • Unit 9: 3 bed / 2 bath $525/month $6,300/year
  • Unit 10: 3 bed / 2 bath $525/month $6,300/year
  • Unit 11: 3 bed / 2 bath $525/month $6,300/year
  • Unit 12: 3 bed / 2 bath $525/month $6,300/year
  • Total $6,300/month $75,600/year
  • Expenses
  • Property Taxes $415/month $4,983/year
  • Insurance (estimated) $333/month $4,000/year
  • Waste Collection $90/month $1,080/year
  • Water and Sewer $400/month $4,800/year
  • Lawn care $60/month $720/year
  • Maintenance reserve $250/month $3,000/year
  • Total $1,549/month $18,583/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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