Memphis Investment property with 20k plus in equity. Flip or hold

[Haim Mamane Palman]

4300 Winterpark Drive Memphis, TN 38141

Asking Price 52.9k

3 bedrooms 3 baths

1691 Sqft

Built 1979

This is a nice Single Family House in high demand rental area of Hickory Ridge. Property needs 15-20k in repairs and will rent for 900-$925 once fully renovated. Comparable Sales in the neighborhood are in the 90-95k range. 

This will be a great property to flip for a potential 20-25k profit or to keep in a rental portfolio for cash flow (11% plus in Cap Rate)

Additional Pictures (66)

Video

Pro-forma for Flip and Buy and Hold exit strategies

Rent Range: $900-925

After Repair Value: 95k

Comparable Sale:

– 6569 Beaverlodge Dr, Memphis, TN 38141 3 beds 2 baths 1,443 sqft Sold on 10/09/15 for $96,000

– 6747 Castlegate Ln, Memphis, TN 38141 3 beds 2 baths 1,595 sqft Sold on 09/29/15 for $98,500

– 4384 Winterpark Dr, Memphis, TN 38141 3 beds 2 baths 1,505 sqft Sold on 01/21/15 for $94,900

Access: Please call (901) 602-7874 or email to [email protected]

Note: This is an Auction home we won the bid on and we're flipping. You can close on this ASAP. It shows pending on the MLS because we are the winning bidders

Sincerely, Haim Mamane Palman901-602-7874 [email protected]

*All properties Subject to errors, omissions, deletions, additions, cancellation. All properties sold as is, where is with absolutely no representations written or oral. Buyer is to do their own independent due diligence. Property will not be considered under contract until signed contract and deposit received with all contingencies removed. Sales price is net to seller.