💰3/1.5 Condo in 38115, Strong Rental Returns!💰

Shelby County, Memphis, TN, 38115
Sold
Listed at: May 1st, 2023
Price
$30,000
ARV
$78,000
Gross Margin
$48,000
Sq. Footage
1348
Type
Condo
Parking
Unassigned
Year build
1973
Lot size
0.12 acres
Bedrooms
3
Bathrooms
1.5
Half Bathrooms
0
Summary

Notes: Boarded up and good Section 8 area. Needs floors, paint inside, and hand rail on stairs. Property is vacant. It has a newer furnace and AC. Tile is in good shape, could just keep and replace vanities. Needs floors throughout. Exterior is managed by the HOA. HOA fees are $145/month and covers trash, water, gas, landscaping, and exterior including roof.


3 bed/1.5 bath

1354 sq ft

Built in 1973

Closing Date: 5/19/23

 

Link to Pictures: 5237 Flowering Peach, 38115

 

Estimated Rehab: $15,000

ARV: $78,000

Market Rent: $950/month

 

Asking Price: $30,000


COMPS:

 

5199 Flowering Peach Dr, 38115 - SOLD $78,000

5260 Cambridge Station, 38115 - SOLD $78,000

3743 Cambridge Station, 38115 - SOLD $70,000


VERY IMPORTANT: PLEASE READ OUR COMPLETE BUYING POLICIES INCLUDED IN THE ATTACHMENTS SECTION 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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