Memphis Investment property at a discount Price.

[Haim Mamane Palman]

Property Address: 916 Shelby Drive Memphis, TN 38116.

Asking Price: 29.9k

This is a 3/1.5 1592 sqft property in high demand rental area. Property needs repairs. Rough estimate 15-20k (I'm not a contractor). See condition of the property in the links below:

Pictures Link (50)

Video Link 

Rent Range: 800-$850

After Repair Value: 67-70k

Comparable Sales: 

- 980 Blanchard Rd, Memphis, TN 38116 3/2 1898 sqft sold on 3/3/2015 for 78.7k

- 881 Mcclure Rd, Memphis, TN 38116 3/2 1417 sqft. Sold on 5/28,2015 for 76.8k

- 1055 E Shelby Dr, Memphis, TN 38116 3/1 1235 sqft. Sold on 7/8/2015 for 72.5k

Keep this property in your portfolio for cash flow (10%+ Cap Rate) or flip it for profit. 

Access: Please email to [email protected]