🔥 Perfect BRRRR Rental or FLIP in Memphis 38127🔥

Shelby County, Memphis, TN, 38127
Sold
Listed at: July 5th, 2024
Price
$59,000
Sq. Footage
975
Type
Detached
Parking
Driveway
Year build
1959
Lot size
0.24 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. Potential to turn into a 3 bedroom! It's a great buy price and is suited well for fixing and creating equity for the cash flow investor. Home will be vacant upon closing. Will easily rent for $1,500/mo after repairs with Section 8 or sell for $110,000 if rehabbed and flipped.

☑️ PROPERTY DETAILS

Full Property Report: Click Here  

Roof - Appears to be 9 years old.

AC - 11 years old.

Furnace - 11 years old heat pump.

HWT - 3 years old.

Flooring - Appears to be in fairly good condition. Floors are solid, not bouncy.

Interior -  Satisfactory condition. Only damage was to bathroom ceiling.

Exterior - Brick veneer, wood siding. Rear utility doors are delaminating and should be replaced. Wood & metal windows have damage and broken glass. Front porch, front and rear entry doors appear to be in good condition. 

Electrical & Plumbing - Appears to be in good condition.

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

Garage - None.

 

☑️ PHOTO, VIDEO, INSPECTION REPORT LINK

Click Here

 

☑️ EXIT STRATEGY

Buy, rehab, rent for $1,500/month with Section 8 or sell and flip. $110,000 ARV.

 

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