Belvedere Condominiums, Memphis, TN

About This Property
We purchased this property in early 2022 with the goal of renovation all 6 units and converting 2 units into furnished medium term rentals. We decided to extend the renovation process to allow the property's cashflow to pay for the renovation and furnishing costs upfront. As of October 2022, we have completed 4 renovations, converted 2 units into furnished rentals, and will lease the 4th unit before year end.
Type of Property

6 Units

Number Of Units

20% YoY ROI