Memphis Property to buy and hold or fix and flip

[Haim Mamane Palman]

3181 Carnes Ave,Memphis, TN 38111

3 bedrooms 1.5 baths

1267 Sqft

Built 1940

Nice property located not too far from the University of Memphis that can be a great rental for students or a family. House is in decent shape and needs cosmetics repairs (Newer roof, hardwood floors, newer windows). See property pictures and video links below as well as a bid from a reputable contractor (10k rehab estimate)

Pictures Link (133)

Video Link

Repairs Estimate by Crestcore/City Light

Rent Range: $675-750

After Repair Value: 58-65k

Comparable Sales:

- 983 Brower St, Memphis, TN, 38111 4 Bed 1 Bath 1246 sq ft. Year Built: 1959 01/09/2017 sold for $ 62,000 0.49 mi

- 812 S Greer St, Memphis, TN, 38111 3 Bed 2 Bath 1049 sq ft. Year Built: 1949 12/30/2016 sold for $ 55,000 0.20 mi

- 995 S Greer St, Memphis, TN, 38111 3 Bed 1 Bath 1110 sq ft. Year Built: 1944 11/16/2016 sold for $ 59,160 0.48 mi - 3132 Carnes Ave, Memphis, TN, 38111 2 Bed 2 Bath 1702 sq ft. Year Built: 1950 Sold on 05/25/2016 for $ 81,000 0.10 mi - 541 S Holmes St, Memphis, TN, 38111 3 Bed 1 Bath 1596 sq ft. Year Built: 1930 Sold on 06/23/2016 for $ 72,500 0.42 mi

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

*This property is shown pending on the MLS because we have it under contract.