3468 Bowen Ave, Memphis, TN 38122

Three of four occupied - current rents are $475+$100/month for rent and utilities. Unit 3 is $685+$123.25/month, and unit 1 is getting $650+$150 in utilities. 4 units total: 2 in front duplex and 2 in rear ADUs. 3 x 1/1s and 1 x Eff. Property has so much potential! The units can be brought up to area standard (getting better every year with flip/turnkey capital injection) and rented for more. You can separately meter utilities over the long haul, add minisplits to the ADUs, all to get those rents up and property really stabilized. It's doing okay now, but you can make it a great long-term hold with some creativity in your value-add.