🔥2/1 In 38114, Clean Slate For Easy Rehab!🔥

Shelby County, Memphis, TN, 38114
Sold
Listed at: February 21st, 2023
Price
$32,000
ARV
$108,000
Gross Margin
$76,000
Sq. Footage
864
Type
Single-Family
Parking
Driveway
Year build
1952
Lot size
0.26 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

Demo is already done and ready for a full rehab! This house had a pipe leak and was taken down to the studs which is where it sits today. No need to worry about what you can't see on this one! Some solid comps put the ARV on this one in the $108k-$110k range. A $50k rehab still keeps you right around the 1% rule as well. Outside is in good shape. No central HVAC on this one. Get your offers in on this great opportunity!


Link to photos: https://drive.google.com/drive/folders/1DrG6kB3bG2PbT3PafX-YD35urkSRu3eo


2 bed/1 bath

864 sq ft

Interior is down to the studs


Estimated Repairs: $50,000

ARV: $108,000

Market Rent: $850/month


Comps:


1976 Dunn Rd - SOLD $106,400 ($139/sq ft)

1921 Cloverdale Dr - SOLD $102,900 ($125/sq ft)


VERY IMPORTANT: PLEASE REVIEW COMPLETE BUYING POLICIES IN DOCUMENTS SECTION BELOW BEFORE MAKING OFFER!

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

Jamison Hendricks

★★★★★
★★★★★
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