🔥 Perfect BRRRR Rental or FLIP in Memphis 38122🔥

Shelby County, Memphis, TN, 38112
Sold
Listed at: May 30th, 2024
Price
$85,000
ARV
$140,000
Gross Margin
$55,000
Sq. Footage
1772
Type
Multifamily
Parking
Driveway
Year build
1947
Lot size
0.18 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

☑️ PHOTOS + VIDEOS + INSPECTION REPORT LINK
Click Here 

This 4 bed / 2 bath duplex 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 occupied by tenant on one side paying $500/mo. The other side is vacant. Will easily rent for $850/mo on each side, $1,700 total, after repairs. Or sell for $140,000 if rehabbed and flipped.

☑️ PROPERTY DETAILS

Full Property Report: Click Here   

AC - window units

Furnace - Central Heating

HWT - 6 years old in Unit 908. 7 years old in Unit 910.

Kitchens - Needs Updating

Baths - Needs Updating

Flooring - Needs replacing.

Roof - 10 - 15 years old, satisfactory condition

Exterior - Brick veneer, vinyl/aluminum. Aluminum and wood windows. All exterior doors and porches appear to be in satisfactory condition. Side and rear yard is surrounded by a wood fence.

Foundation - Satisfactory condition 

Garage - None, 2 driveways

 

☑️ PHOTO, VIDEO, INSPECTION REPORT LINK

Click Here

 

☑️ EXIT STRATEGY

Buy, rehab, rent for $1,700/month or sell for $140,000k

 

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