💰💡 Unlocking Cash Flow: Your Next Big Investment!

Shelby County, Memphis, TN, 38108
Sold
Listed at: November 7th, 2023
Price
$25,000
ARV
$100,000
Gross Margin
$75,000
Sq. Footage
1222
Type
Single-Family
Parking
Driveway
Year build
1927
Lot size
4800.00 sqft
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

This property needs some SERIOUS TLC and you can either fix it up to sell or keep it for a buy and hold. This property has the opportunity to update the floor plan and convert it from a 2/1 to a 3/1 OR 4/1. This area has a lot of heavy investment and now is a great time to jump in and start rehabbing this property to convert to a cash-flowing rental property. Don't miss out on this chance to make money and make the neighborhood even better!

We have a direct contract with the seller and a NOI has been recorded against the title for this property. Contacting the seller directly will not result in you obtaining a purchase contract. It will however result in a lawsuit. Our attorney is on notice.


Now Only $25,000

Investor Price $45,000

Retail Value ....$55,000

Gross Margin .$30,000

Estimated Value

Est. Value Range High: $120,000
Est. Value Range Low: $90,000
Est. Rent Per Month: $950-$1250


Property Details

Rehab Level: High
Construction: Block on Wood
Electrical Panel: Good Condition
Air Conditioner: Poor Condition
Water Heater: Poor Condition
Roof: 2009
Occupancy: Vacant at closing


Comps

1361 Lambert St - 3/1 | 1200 sqft - SOLD $122,100 on 4/11/2023
1337 Springdale St - 4/1 | 1199 sqft - SOLD $97,500 on 6/20/2023
1622 Harrison St - 4/1 | 1199 sqft - SOLD $110,000 on 6/19/2023


*Do not disturb occupants or walk on property. Trespassing is a criminal offense.

***DO NOT re-market this property under any circumstance without consent. ZVH LIMITED ENTERPRISES LLC is a principle in all assets that we market for sale and will vigorously defend our position in a court of law.*** All information and estimates are provided as a courtesy and should be confirmed by the Buyer. ZVH LIMITED ENTERPRISES and its associates are not liable for the accuracy of the information.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Zachary VanHeyningen

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