🔥 Perfect BRRRR Rental in Memphis 38106🔥

Shelby County, Memphis, TN, 38106
Sold
Listed at: June 12th, 2024
Price
$29,000
Sq. Footage
970
Type
Single-Family
Parking
Driveway
Year build
1953
Lot size
0.23 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

☑️ PHOTOS + VIDEOS + INSPECTION REPORT LINK
Click Here

This 3 bed / 1 bath single-family home is a good project for the BRRR investor. It's a great buy price and is suited well for fixing and creating equity for the cash flow investor. Home is vacant. Will easily rent for $1,300/mo with Section 8 after repairs.

☑️ PROPERTY DETAILS

Full Property Report: Click Here   

AC - 17 years old

Furnace - 16 years old

HWT - 24 years old

Kitchens - Needs Updated

Baths - Needs Updated

Flooring - Fairly good condition, wood and vinyl.

Roof - 15 years old

Ceilings - Minor damage to ceilings

Exterior - Vinyl, aluminum siding. Exterior wood windows have peeling paint, some rotting wood, and broke panes. Front and two rear entry doors appear to be in marginal condition. Drivway is concrete and asphalt and appears to be in marginal condition.

Foundation - Foundation walls are concrete block and appear to be in fairly good condition.

Garage - No garage

 

☑️ PHOTO, VIDEO, INSPECTION REPORT LINK

Click Here

 

☑️ EXIT STRATEGY

Buy, rehab, rent for $1,300/month

 

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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Disposition manager