🔥Solid Memphis Rental, 38118, Needing Light Rehab🔥

Shelby County, Memphis, TN, 38118
Sold
Listed at: March 21st, 2023
Price
$95,000
ARV
$145,000
Gross Margin
$50,000
Sq. Footage
1172
Type
Single-Family
Parking
Carport
Year build
1965
Lot size
0.23 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

This property is currently occupied by a tenant paying $700/month but may be leaving prior to closing. Roof is about 15 years old. Windows and HVAC are older but in good working condition. Exterior is all-brick and in good condition. A light cosmetic rehab will have this ready to grab top rent!


3 bed/1 bath

1172 sq ft


Estimated Rehab: $25,000

ARV: $145,000

Market Rent: $1,350/month


Link to Pictures: https://drive.google.com/drive/u/0/folders/1EB3QfLxLopkwfDl109-Rfnk2OsvYCe06


Asking Price: $95,000 (Selling as a package with 2875 Knightway Cv. Package price is $220,000)


2865 Knightway Rd/2875 Knightway Cv Package Details


Total Estimated Rehab: $25,000-$30,000

Total ARV: $300,000

Total Market Rent: $2,700/month

Asking Price: $220,000


COMPS:


2895 Goodlett Rd, 38118 - SOLD $155,000

3030 Randy Ln, 38118 - SOLD $145,800

3008 Dearing, 38118 - SOLD $142,000


VERY IMPORTANT: PLEASE READ OUR COMPLETE BUYING POLICIES INCLUDED IN THE DOCUMENTS SECTION BELOW BEFORE MAKING AN 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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Disposition manager