Here’s a value-add opportunity for investors looking for a property with several major exterior improvements already completed. This 3-bedroom, 1-bathroom home offers approximately 1,147 SF and sits on a sizable residential lot.
The roof, windows, siding, and exterior paint have been completed, while the interior framing is already in place. The remaining work includes plumbing, electrical, HVAC, insulation, drywall, flooring, kitchen, bathroom, trim, paint, fixtures, and final finish-out.
57 W Frank Ave, Memphis, TN 38109
Property Highlights:
3 Bed / 1 Bath
Approx. 1,147 SF
New Roof
New Windows
New Siding
New Exterior Paint
Interior Framing Completed
Major Value-Add Opportunity
Open for Inspections
Assignment Available
Ideal for Fix & Flip or Rental
Financials:
Asking Price: ~$45,000
Estimated Rehab: ~$60,000
Estimated ARV: ~$150,000
The property is currently marketed online with the major exterior work completed, and recent listing information describes the remaining scope as primarily the interior systems and finish-out. Nearby properties show a range of values, so I would recommend investors verify the $150K ARV carefully with renovated sold comps before relying on the projected spread.
For fastest response: Cherrie – Dispo Manager Call/Text: (404) 620-2544
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