Price REDUCED: 4Bed 2Ba 1732 Sq.Ft contract for sale in Memphis 3

[Srikanth Patnam]

Hello,

I have a very good SFR contract for sale in good location in Memphis Tennessee.

It is 1732 sq.ft 4 bedder SFR.

Asking price is slashed to 60 K obo from initially quoted 70 K.

It has a fair market value of 117 K. Source is eppraisal.com and city-data.com. Shelby County Assessor has appraised it at 92,900. You may know that county appraisals are usually conservative.

I will be assigning the contract.

It is ALL CASH only offer.

We are asking 60 k obo. Owner is selling the house because he wants cash to purchase his new business and want to get rid off the property.

Address is 1947 Edward Avenue, Memphis, TN 38107.

The property is currently rented @ 850 per month. According to rentometer.com , median rent is 900 dollars per month.

Tenant is staying there for 8 years and it is well kept and maintained. Tenant pays his own utility bills and the house is managed by Property Management. Owner holds the security deposit of 700 dollars and will be given to end buyer at the time of closing. Owner pays seller closing costs and end buyer pays buyer closing costs.

Title company is Saddle Creek Title in Memphis, Tennessee.

If you are interested, please email at

[email protected] for details to see the property.
I will send the pictures of the house taken on 3rd October 2015 in a separate email.

Also please let me know your contact number.

Regards, 

Sri, SP Corp.