🔥5/2.5 in 38118, Excellent Rental Opportunity🔥

Shelby County, Memphis, TN, 38118
Sold
Listed at: May 16th, 2023
Price
$117,000
ARV
$180,000
Gross Margin
$63,000
Sq. Footage
2294
Type
Single-Family
Parking
Carport
Year build
1961
Lot size
0.29 acres
Bedrooms
5
Bathrooms
2.5
Half Bathrooms
0
Summary

Will need some wood and drywall repair. One part of roof on back section replaced recently. Needing hot water heater. HVAC needs attention. Nice hardwood floors and a good amount of tile in great shape. Kitchens and bathrooms are in good shape. Overall, the house would not need much to be rental ready. 


5 bed/2.5 bath

2294 sq ft

Built in 1961

 

Link to Pictures: https://drive.google.com/drive/folders/115MpgknxzrX9QVl17Y05VtDXw6vHlcXg

 

Estimated Rehab: $30,000

ARV: $180,000

Market Rent: $1,425/month

 

Asking Price: $117,000


COMPS:

 

3136 Raines Road, 38118 - SOLD $189,000

4789 Allrand Road, 38118 - SOLD $176,000

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