Strata SFR’s Mid-Year Update
It has been a long and exciting second year in business for Strata. Both good times and hard work have played a huge role in our success here.… Read More
Overview
This portfolio consists of Single Family Rental Homes in located throughout the Memphis, TN MSA. The homes have been intentionally chosen by the current owner for neighborhood quality and have all been renovated to a high standard. The seller has renovated most of these units to an Institutional Standard having spent over $3.7MM in capital expenditures under their ownership.
The portfolio comprises of homes averaging 3 Beds, 2 Baths, 1,689 square feet, vintage of 1974, an rent of $1,898/mo.
Check out the representative photos in the spreadsheet to get an indication of condition.
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Highlights
- Renovated SFR
- Average Bed 3, Average Bathrooms 2
- Average Rent 1898
- Average Unit Price $221,500
- Vintages Averaging 1974
- Good Neighborhoods
- 7.2% Cap Rate at Asking Price
