🔥 Perfect BRRRR Rental or FLIP - Memphis 38122🔥

Shelby County, Memphis, TN, 38122
Sold
Listed at: May 22nd, 2024
Price
$78,000
ARV
$125,000
Gross Margin
$47,000
Sq. Footage
945
Type
Single-Family
Parking
Driveway
Year build
1939
Lot size
0.39 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

☑️ PHOTOS + VIDEOS + INSPECTION REPORT LINK
Click Here 

This 2 bed / 1 bath single-family home is a good project for the BRRRR investor or flipper. It's a great buy price and is suited well for fixing and creating equity for the cash flow investor. Home is owner occupied and will be vacant upon closing. Will easily rent for $1,250/mo after repairs. Or sell for $125,000 if rehabbed and flipped.

☑️ PROPERTY DETAILS

Full Property Report: Click Here  

AC - 10 years old

Furnace - 10 years old

HWT - Appears 10 years old

Kitchens - Needs Updated

Baths - Needs Updated

Flooring - Good condition; wood, vinyl, ceramic tile.

Roof - 15 - 20 years old

Ceilings - Ceilings, walls and wood floors appear to be in fairly good condition.

Exterior - Vinyl/aluminum siding. Aluminum windows appear to be in satisfactory condition. Several broken panes. All exterior doors appear to be in marginal condition.

Foundation - Satisfactory condition; consist of bricks and will need repairs. Crawlspace was dry and no signs of water damage were noted.

Garage - None

 

☑️ PHOTO, VIDEO, INSPECTION REPORT LINK

Click Here

 

☑️ EXIT STRATEGY

Buy, rehab, rent for $1,250/month or sell for $125k

 

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

No reviews

Disposition manager