Updated about 9 years ago on .
Memphis property in 38111 neighborhood - fix & Flip or fix & keep
Contract for sale. 2-story property located in a nice quiet established neighborhood of Memphis. This property needs a significant rehab (see pictures and video below). I am not a contractor but my rough estimate is 25-30k in repairs, maybe more. This can be a great property to add to your rental portfolio or to sell to a buy and hold investor or even to a retail buyer.
Video LinkRent Range: $900-$1000
-3681 Nottingham Rd,Memphis, TN 38111 3/2 1400 sqft listed at $1000 -979 Little John Rd, Memphis, TN 38111 3/1.5 1776 listed at $950After Repair Value: 80-85k
Comparable Sales:
- 925 Robin Hood Ln, Memphis, TN 38111 2 beds 2 baths 1,502 sqft
$79,000 Sold on 09/26/16- 3793 Park Ave, Memphis, TN 38111 3 beds 1 bath 1,676 sqft $74,500 Sold on 07/08/16
- 3756 Huntingdon Ln, Memphis, TN 38111 4 beds 2.5 baths 2,037 sqft
$75,000 Sold on 06/09/16- 1076 Echles St, Memphis, TN 38111 3 beds 1 bath 1,250 sqft
$68,877 Sold on 07/28/16- 3647 Douglass Ave, Memphis, TN, 38111 3 Bed 1 Bath 1320 sq ft. Year Built: 1950 sold on 10/19/2016 for $ 91,000 0.27 mi from subject property
Access: Please call (901) 602-7874 or email to [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.