- For sale
Colliers International is pleased to offer qualified investors the opportunity to purchase a portfolio of sixty one (61) single family rental homes with sixty nine rental units in the Memphis, Tennessee MSA. All the assets are ideally located within the greater Memphis MSA, within close proximity to one another. This portfolio has remained nearly fully leased for the balance of the 2021 calendar year with collections showing steady growth year over year. Occupancy is driven by the unique strength of the asset class, the economic diversity of Memphis and the high demand for standalone rental homes during the pandemic driven lockdown measures. All the leases in this portfolio are on a yearly basis, giving future investors the opportunity to adjust rents to the market which has remained stable through the most recent downturn and is now in a cycle of rapid expansion.