Memphis, TN 38107 - Investment Opportunity: 3BR Home with Lucrative Rental Comps!

Shelby County, Memphis, TN, 38107
Sold
Listed at: December 6th, 2023
Price
$36,999
Sq. Footage
1428
Type
Single-Family
Parking
Off street
Year build
1912
Lot size
3484.00 sqft
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

GIVE AUDRY A 📞 CALL OR SHOOT HER A 📲 TEXT FOR MORE INFO ON THIS KILLER DEAL!

[619] 769-9753 🔊

884 ORPHANAGE AVE,

MEMPHIS, TN 38107


HOW CAN YOU PROFIT ON THIS DEAL?

This single-family home presents a promising venture for investors. With a generous living area of 1,428 square feet, this property features 3 bedrooms and 1 bathroom. The current tenant, occupying the space, will vacate by 12/31, offering a swift transition for your plans.

Although a cosmetic rehab is needed, recent updates include newer flooring throughout and a bathroom and kitchen refresh in 2018, providing a solid foundation for improvements. Enhance its potential by adding your touch to the new roof needed and optimizing the HVAC with window units.

Situated in an area with rental comps averaging $1,200 per month, this property promises a lucrative return on investment. Don't miss the chance to capitalize on this prime investment in Memphis! Act now to secure your position in this thriving market.


PROPERTY SPECS

🏠Single Family Home🏠

📏 Living Area: 1,428 square feet

🌳 Lot Size: 3,484 square feet

🛏️ Bedrooms: 3

🛀 Bathrooms: 1

Tenant Occupied - Will vacate within by 12/31.

Cosmetic Rehab Needed

Newer Flooring throughout.

Bathroom & Kitchen update - 2018

New Roof Needed

HVAC - Window Units

Comp sold in the area within half a mile:

  1. 714 Pearce St; 3 bed / 2 bath; 1,353 SF; $175k Sold 06/08/23
  2. 509 Leah St; 3 bed / 1 bath; 1,297 SF; $60k Sold 07/12/23 - NO RENOVATION
  3. 740 Chelsea Ave; 3 bed / 1 bath; 1,399 SF; $70k Sold 01/06/23 - NO RENOVATION

Rental Comp:

  1. $1,150/mo; 668 Ayers St; 3 bed / 1 bath; 1,080 SF




💪🏻YOU CAN CLICK THE 🙌🏻WIN IT NOW BUTTON AND AVOID ALL THE BIDDING AND 🔐LOCK THIS ONE DOWN RIGHT NOW 🔥


Additional Deal Details:

  • Property is sold AS-IS and First Come First Serve. 
  • Non-refundable EMD of $5000.00 required. Refundable upon unclear title. 
  • Buyer pays all closing costs
  • No loan appraisals, contingencies or inspections. 


Please contact us for showing availability appointments. First come first serve. Price is net to seller. Earnest money deposit goes hard immediately, so please do due diligence in advance of executing a contract and depositing earnest. All prices are net amount to seller; buyer pays all closing costs.

 

Prices are based on quick closing in 10 days or less. Opinion of value is given as courtesy. Our opinion is just an opinion and seller make no guarantees or warranties, express or implied, as to the value or condition of the home. Properties are being sold "as-is" and "where-is". Buyer is responsible for their own due diligence. National Deal Pros, may or may not currently own the properties being marketed and may be marketing the equitable interest however great or small in the given properties. (Without any warranty or representation other than it is the buyer under the subject contract) its contract rights as buyer of such property.

AGENTS: Please contact us for availability or showing appointments. There are no inspection periods or contingencies, and commissions will need to be added on top of the price listed above before presenting to your client(s). All other terms listed here apply.

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

Audry Giordano

No reviews

Disposition manager