🔥 Perfect FLIP in Memphis 38117🔥

Shelby County, Memphis, TN, 38117
Sold
Listed at: August 20th, 2024
Price
$155,000
ARV
$235,000
Gross Margin
$80,000
Sq. Footage
1025
Type
Single-Family
Parking
Detached Garage
Year build
1955
Lot size
0.17 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

☑️ PHOTOS + VIDEOS + INSPECTION REPORT LINK
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This 3 bed / 1 bath single-family home is a good project for a flipper. It's a great buy price and is suited well for fixing and creating equity. Home is vacant upon closing. Sits across the street from a school and park. Will easily rent for $1,600/mo after repairs. Or sell for a profit if rehabbed and flipped. $235,000 ARV.

☑️ PROPERTY DETAILS

Full Property Report: Click Here

AC - 8 years old and appears to be in satisfactory condition.

Furnace - 8 years old and appears to be in satisfactory condition.

HWT - 8 years old.

Flooring - Floors are majority wood, vinyl, tile.

Roof - Appears to be in satisfactory condition, 10 years old.

Interior - In good condition. Some ceiling damage in the kitchen, bathroom and one of the bedrooms.

Plumbing/Electrical - Plumbing appears to be in good condition. No leaks noted. Electric is overhead service, appears to be 100 amp service.

Exterior - Brick veneer, wood. Siding is water damaged, fascia and soffits are rotten. Vinyl covered aluminum windows are in overall satisfactory condition. Front and rear porches appear to be in fairly good condition. Front and rear doors appear to be in satisfactory condition.

Foundation - Concrete slab.

Garage - Detached garage. Uneven driveway.

 

☑️ PHOTO, VIDEO, INSPECTION REPORT LINK

Click Here

 

☑️ EXIT STRATEGY

Buy, rehab, rent for $1,600/month or flip for profit. $235k 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

No reviews

Disposition manager