🔥Perfect BRRRR or Flip in Memphis - 38118🔥

Shelby County, Memphis, TN, 38118
Sold
Listed at: May 22nd, 2024
Price
$85,000
ARV
$160,000
Gross Margin
$75,000
Sq. Footage
1393
Type
Single-Family
Parking
Carport
Year build
1963
Lot size
0.20 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
1
Summary

☑️ PHOTOS + VIDEOS + INSPECTION REPORT LINK

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This 3 bed / 1.5 bath single-family home is a good project for the BRRRR investor or flipper. Seller is using bonus room as a 4th bedroom. It's a great buy price and is suited well for fixing and creating equity for the cash flow investor. Home is  owner occupied, vacant upon closing. Will easily rent for $1,400/mo after repairs. Or sell for $160,000 if rehabbed and flipped.

☑️ PROPERTY DETAILS

Full Property Report: Click Here   

AC -  17 years old.

Furnace - 14 years old.

Kitchens - Needs Updated

Baths - Needs Updated

Flooring - Wood floors appear to be in good condition.

Roof - 10 - 15 years old.

Ceilings - Ceilings, walls are in good condition, some minor damage. Ceiling in second floor bath 
has some mold and damage.

Exterior - Brick veneer, aluminum, fiberboard. Satisfactory condition. Aluminum windows in satisfactory condition. All exterior doors appear to be in marginal condition. 

Foundation - Slab.

Garage - 2 space carport.

☑️ PHOTO, VIDEO, INSPECTION REPORT LINK

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This property is an amazing deal, if you don't make an offer someone else will! It would be an excellent pick for any investor! This deal won't last long, reach out now before it's too late!

**In order to put the property under contract, there will be a required minimum of a $2,500 non-refundable deposit due within 24 hours of executed contract.

**Buyer pays all closing costs

**Closing to take place at Nexus Title in Cordova

** $475 Transaction Coordination fee to be paid by buyer to RAP Real Estate

**Every property that we send out are under contract by us. If you come across a property that we market elsewhere, please ignore or report. Thank you!

**Buyers do their own due diligence

**Seller of this property either owns or has equitable contractual interest in the properties marketed.

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

Russell Pitts

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