Memphis, TN 38127 - Investment Opportunity: Single Family Home with Fix & Flip Potential!

Shelby County, Memphis, TN, 38127
Sold
Listed at: February 8th, 2024
Price
$73,450
ARV
$150,000
Gross Margin
$76,550
Sq. Footage
1116
Type
Single-Family
Parking
Carport
Year build
1987
Lot size
7318.00 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

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

[619] 769-9753 🔊

468 ELMFIELD COVE,

MEMPHIS, TN 38127


HOW CAN YOU PROFIT ON THIS DEAL?

This single-family home presents an ideal prospect for both fix and flip enthusiasts and those seeking a steady stream of passive income. Boasting 3 bedrooms and 2 bathrooms situated on a generous 7,318 square foot lot, there's room to expand and enhance. While the roof requires attention, the HVAC system is in place. With rents starting at $1,150 per month and the potential to reach $1,300, this property promises attractive returns. Currently vacant, it's primed for a full cosmetic rehab, including upgrades to the bathroom, kitchen, floors, painting, walls, and windows. Don't miss this chance to capitalize on a promising investment opportunity!

PROPERTY SPECS

🏠Single Family Home🏠

  • 3 Bed / 2 Bath
  • 1,116 SF living area
  • 7,318 SF of lot
  • Roof needs work - Fasia needs to be redone
  • HVAC +15 years old
  • Vacant
  • Full Cosmetic Rehab Needed:
  • Bathroom
  • Kitchen
  • Floors
  • Painting
  • Walls
  • Windows

Comps Sold within a Half Mile:

  1. 617 Northaven Dr; 3 bed / 1 bath; 864 SF $116k Sold 11/08/23- $134/SF
  2. 833 Archie Dr; 3 bed / 1 bath; 1,036 SF $150k Sold 10/23/23

Rental Comps within a Half Mile:

  1. $1,300/mo; 461 Elmfield Cv ; 4 bed / 2 bath; 1,314 SF
  2. $1,150/mo; 484 Ferncliff Cv; 3 bed / 1 bath; 985 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