🔥 Perfect BRRRR Rental or FLIP in Memphis 38106🔥

Memphis, TN, 38106 view full address
Listed at: October 18th, 2024
Price
$28,000
ARV
$98,000
Gross Margin
$70,000
Sq. Footage
960
Type
Single-Family
Parking
Driveway
Year build
1940
Lot size
0.16 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

☑️ PHOTOS + VIDEOS + INSPECTION REPORT LINK
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This 2 bed / 1 bath single-family home is a good project for the BRRRR investor or flipper. There's enough room to turn this into a 3/1! 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 after repairs with Section 8. Or sell for $98,000 if rehabbed and flipped.

☑️ PROPERTY DETAILS

Full Property Report: Click Here   

AC - N/A.

Furnace - Floor gas units appear to be original with the house.

HWT - Not accessible.

Flooring - Some floor coverings will need to be replaced. Subfloor appears to be in fairly good condition.

Roof - Appears to be 20 years old.

Ceilings - Moisture stains in ceilings.

Plumbing/Electrical - Plumbing appears to be in satisfactory condition. Electrical has overhead service. Needs upgrading if adding central AC. Masthead damaged, missing, will need to be replaced.

Exterior - Wood siding, part of the siding will need to be replaced. Wood windows appear to be in poor condition. Front and rear porches appears to be in fairly good condition. Doors are wood and appear to be in fair condition.

Foundation - No access, locked.

Garage - None

 

☑️ PHOTO, VIDEO, INSPECTION REPORT LINK

Click Here

 

☑️ EXIT STRATEGY

Buy, rehab, rent for $1,300/month with Section 8 or sell for $98k.

 

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