Memphis, TN 38111 - Profitable Opportunity Awaits: Renovate or Rent

Shelby County, Memphis, TN, 38111
Sold
Listed at: February 8th, 2024
Price
$94,200
Sq. Footage
1109
Type
Single-Family
Parking
Detached Garage
Year build
1946
Lot size
10236.00 sqft
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

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

[619] 769-9753 🔊

1064 BROWER ST,

MEMPHIS, TN 38111


HOW CAN YOU PROFIT ON THIS DEAL?

Seize the chance to enhance your real estate portfolio with this exceptional single-family home! Boasting 3 bedrooms, 1 bathroom, and a spacious 1,109 square feet of living space on a generous 10,236-square-foot lot, this property is ripe for transformation. With a sturdy roof exceeding 10 years in age and a recently updated HVAC system just 5 years old, it offers a solid foundation for your investment endeavors. Currently tenant-occupied, generating $1,050 per month in rental income, this home presents a unique opportunity for both fix & flip enthusiasts and discerning buy-and-hold investors. Imagine the potential for passive income with rents in the area starting at $1,400 per month! With a light cosmetic rehab and the flexibility to be delivered vacant at closing, this property holds the key to unlocking its full earning potential.

PROPERTY SPECS

🏠Single Family Home🏠

  • 3 Bed / 1 Bath
  • 1,109 SF living area
  • 10,236 SF of lot
  • Roof - +10 yrs Old
  • HVAC - 5 yrs Old
  • Tenant Ocuppied
  • Paying $1,050/mo
  • Can be delivered vacant at closing
  • Light Cosmetic Rehab

Comps Sold within a Half Mile:

  1. 1159 Brower St; 2 bed / 1 bath; 918 SF $153k Sold 01/29/24 - $166/SF
  2. 1075 Railton Rd; 3 bed / 1 bath; 1,399 SF $165k Sold 08/21/23
  3. 3255 Barron Ave; 3 bed / 1 bath; 1,199 SF $149k Sold 04/14/23

Rental Comps within a Half Mile:

  1. $1,400/mo; 1159 Brower St; 2 bed / 1 bath; 918 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