Shadowlawn Blvd.
Memphis, TN 38106
912 sq. ft., 2 bedroom / 1.0 bathroom
Property Information
| Current Status | Occupied |
|---|---|
| Lease Start Date | 09/03/2024 |
| Lease End Date | 09/02/2026 |
| Utilities | Paid by Tenant |
| Initial Investment* | $37,763 |
*Includes down payment plus $3,000 of closing costs
Purchase Price $135,000
| Current Rent | $1,433 |
| Cap Rate | 10% |
| Cash on Cash Return* | 13% |
| Net Cash Flow Per Month* | $396 |
*Assuming 25% down with a loan at 1PTS + 7% interest for 30 years. Including equity build up and 3% appreciation per year.
This property comes with guaranteed rent for the first 12 months.
- About This Property
Fully gutted and renovated in 2024
Shadowlawn Blvd, Memphis, TN 38106 is a compact single-family home offering approximately 912 square feet of living space in the 38106 area of Memphis.
Located in the 38106 area of Memphis, this property sits in an established South Memphis neighborhood known for its convenient access to major city corridors, everyday services, and employment hubs. The area offers a mix of long-time residential character and practical urban accessibility, making it appealing for buyers seeking affordability, central access, and rental potential. Its location just south of central Memphis adds to its convenience for commuting, errands, and day-to-day living.
Renovations include:
Fully gutted and renovated in 2024
New plumbing
New electrical
New roof
New flooring
New lighting
New mini split AC units
New water heater
New vanity,
New toilets
New bathtub/tile
Full interior/exterior paint.
Removed all overhanging tree- Financing Options
MartelTurnkey has partnered with some of the top lenders that provide a wide range of financial solutions to meet your Rental investing needs. Talk to an Advisor to learn more or visit our partner to get pre-approved.
- Property Management Company
Your turnkey property already has a local property management company in place. During the purchasing process, you will be introduced to them.
- Investment Terms
Purchase and Sale Agreement (PSA): A PSA will be delivered electronically once an agreement has been made and must be executed by Buyer within 24 hours of receipt.
Earnest Money Deposit (EMD) of $1,000 must be wired to the Title Company within 3 days of PSA signing.
Appraisal Contingency is available for financed properties, and will be waived automatically if the property appraises for the sale price. If it does not appraise for the sale price, then the Buyer and Seller will have the opportunity to come to terms or the Buyer can cancel the contract.
Closing Date: The Closing Date will occur within 15 days of PSA execution for cash transactions and 45 days of PSA execution for financing unless otherwise agreed by Buyer and Seller.
Lease Agreement: The current lease agreement will be provided to Buyer at Closing.
Closing Costs: Closing costs shall be paid based on local custom, and will include discounts negotiated by Martel TurnKey to lower transaction costs for Buyers and Sellers. Actual closing costs will be outlined on the final settlement statement.- Buying Process
Click here to learn more about buying rental properties from MartelTurnkey. If you have any further questions, schedule a call with an advisor