432 W Peebles Rd

This property is a renovated single family home located in Memphis, TN.
It was renovated in early April, 2022 and the renovations and updates can be viewed by clicking the 'Documents' tab.
The seller is providing a rental credit of $895/month until a tenant is found. They are guaranteeing a minimum of $895/month for 1 year. If the property rents for less than that, the seller will cover the difference.
Refer to the 'Documents' tab above to view the following information:

Purchase agreement
Renovations & updates
Inspection report
Property description & rent roll
HouseCanary report

An addendum to the purchase contract will be uploaded to the 'Documents' tab shortly to reflect the new purchase price.
The LLC documents will be uploaded to the 'Documents' tab once the property is fully funded and closed.

Updates:

Update 8/18/2022: The Property Management fees have been reduced to 5.7% due to a new National Partnership Agreement between Lofty and the Property Manager, HomeRiver Group.
Update 10/5/2022: Tree trimming is required at the property to prevent damage from falling branches. The scope of work will include trimming the 40' willow tree back to provide 5’ clearance over roof and remove deadwood 2” and larger over the property. The total cost of repairs is $750. These funds will be deducted from the Maintenance Reserve. The PM advised this is required to protect the home from damage and the owners from liability.