🛠️5/3.5 Cordova Fixer Upper, 38016🛠️

Shelby County, Memphis, TN, 38016
Sold
Listed at: May 16th, 2023
Price
$225,000
ARV
$350,000
Gross Margin
$125,000
Sq. Footage
3176
Type
Single-Family
Parking
Garage
Year build
1979
Lot size
0.34 acres
Bedrooms
5
Bathrooms
3.5
Half Bathrooms
0
Summary

This one will need just about everything. Will need new roof, new HVAC, pool filled in, new flooring throughout. Some tile and cabinets may be salvageable. Kitchen will need a total overhaul. The rehab will be substantial, but the price point will allow for it. 


5 bed/3.5 bath

3176 sq ft

Built in 1979

 

Link to Pictures: https://drive.google.com/drive/folders/11-NtsZIvVPQZ_o68JgqpkKiOFmw5xXNp

 

Estimated Rehab: $80,000

ARV: $350,000

Market Rent: $2,700/month

 

Asking Price: $225,000 or best offer


COMPS:

 

2704 W Gerald Ford Drive, 38016 - SOLD $342,000

2833 Lanthorn Drive, 38016 - SOLD 350,000

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