📈🔥 Great Deal in Beautiful Memphis Neighborhood🔥📈

Shelby County, Memphis, TN, 38120
Sold
Listed at: December 28th, 2022
Price
$265,000
ARV
$360,000
Gross Margin
$95,000
Sq. Footage
2200
Type
Single-Family
Parking
Carport
Year build
1976
Lot size
0.22 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

📌 Address: 5362 Wilton Ave. Memphis, TN, 38120

No Wholesalers or Daisy Chains


This is a perfect 3 bed, 2 bath, 2300 sqft house for any investor located in the Richland Acres neighborhood in the heart of East Memphis. The home is less than half a mile from Richland Elementary School and 2 miles from White Station High School.


This home is already in great shape, and only needs $30-40k for a full flip including a kitchen and bathroom remodel, flooring, paint, and minor cosmetics. Also includes a spacious yard with a large shed out back.


Do not miss out on this deal!


🔥 Great Off-Market Investment Property

🛠 Fix & Flip or Cash Flow Rental

🏠 Single-Family Residential

💰 Cash Only

🛌 3 beds

🛀 2 bath

2,300 sq ft

🧱 Built: 1976

👨‍👩‍👧 Current Occupancy: Vacant

👩‍👧‍👦 Occupancy at Close: Vacant

💸 Asking Price: $265,000

💣 Rents: $1,600 - $2,100

🔨 Repairs: $30,000 - $40,000 depending on exit strategy


💥Additional Info💥

  • Roof: 2017
  • HVAC: < 10-yrs
  • HWH: 2020
  • Windows: 2014
  • New addition increased house size to ~2,300 sqft


❗❗❗ Please Note: The below terms are NON-NEGOTIABLE. Bowen Capital is a professional disposition company that will enforce the below terms and conditions. If they do not work for you or your company, please do not offer on this deal and move on!

  • $5,000 Non-Refundable EMD to be wired to our preferred title company/atty within 24 hours of signing the assignment/PSA. 
  • Buyer to pay all closing costs, seller to pay prorated taxes and transfer prorated rent/security deposit if applicable
  • All offers must be cash, hard money, or private money.
  • Closing to be with Bowen’s Preferred Attorney
  • Wholesalers / Agents are not to market this deal without Bowen’s permission.
  • At this time we are not open to JV’ing this property
  • Agents please add your commission ON TOP of our asking price.
  • DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving Bowen Capital exclusive rights to purchase the property. Bowen Capital does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.


Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Chris Prophater

No reviews

Disposition manager