Excellent property in a highly-desirable Memphis neighborhood, Colonial Acres! The home boasts 4 bedrooms and 2 bathrooms at 1,756 sq ft. For the rehab, the property will need a new roof, new AC unit (house has hookups already), kitchen and bathrooms refreshed. Original wood flooring throughout majority of the house can be sanded and refinished. All-brick exterior is in great shape! This is a hot rental area nestled in East Memphis 38117 zip code.

4 bed/2 bath

1756 sq ft

Built in 1954

Link to photos: https://drive.google.com/drive/folders/1E-7Kx5TWowdTx3v6nhQaS74Jx7H-gf21

Estimated Rehab: $35,000-$50,000 depending on investor's rehab standards

ARV: $280,000

Asking Price: $190,000 or best offer

COMPS:

4633 Willow Rd, Memphis, 38117 - SOLD for $246,000 ($168/sq ft)

1712 Myrna Ln, Memphis, 38117 - SOLD for $286,500 ($161/sq ft)

4570 Willow Rd, Memphis, 38117 - UNDER CONTRACT for $249,900 ($161/sq ft)

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