Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

User Stats

969
Posts
524
Votes
Derrick Craig
Pro Member
  • Memphis, TN
524
Votes |
969
Posts

Income Producing Property with Equity- Memphis Buy and Hold!!

Derrick Craig
Pro Member
  • Memphis, TN
Posted

Hey Bigger Pockets Community,

Pictures are on Zillow link below

Here is a SUPER NICE DEAL- 4214 Raleigh Millington Rd, Memphis TN 38128

This one has a TON of Equity still in it from the jump!! A lot of investors like to have meat on the bone as well as have Cash Flow Coming in Guess what this one you have both!!! Located in Raleigh!!

HUGE BACK YARD!!! Looks like a Football Field!! Very Nice Hard Wood Floors!! 3 Bed Rooms Large, Large Living Room, Large Den with Fire Place, Kitchen with Dining room beside it, Remodeled Ceramic tile Floors in Bathroom!!

We are wholesaling this one at a really nice price...If you don't believe me look at the numbers yourself below.

List Price-$59,500

Tax Assed for $75,800

Comparable Sales

4032 Lehi Dr. Memphis Tn - sold for $65,700 on 11/7/16

4286 Genyth Ave Memphis Tn- sold for $75,000 on 2/28/17

4050 Tessland Rd Memphis Tn- sold for $95,000 on 12/16/16

3984 Hanna Dr. Memphis Tn- sold for $53,000 on 2/23/17

Tenant occupied.....Current Tenants LOVE this home and have lived there 4 years!!

Currently Rented $825.00 a month

Taxes- $1,399 a year

Insurance- $525 a year

Property Management Fee- $66.00 a Month

No Vacancy-the tenants would like to stay

Only updates done to home since purchase was updated electric panel, new AC Condenser, and new/repaired plumbing under home, and cut down several large branches from tree that is in the back of the home that were hanging over the house.

No roof leaks or damage to roof but I think the roof only has may 3-5 yrs left on it, which is negotiable with price.


Call or Text 901-212-4476 Derrick Craig

email: [email protected]
View www.memphisbuyandhold.com
Very Solid Cash Flowing Investment Property to add to your Portfolio

  • Derrick Craig
  • Offering