SFH Investment in 38118 of Memphis, TN 10-12% ROI

[Jonathan McGee]

Contract for Assignment -

This is a spacious 4/2.5 2080 sq ft. brick veneer split level home built in 1961. It was recently remodeled and also has had recent work performed on flooring. This investment was last occupied at $850/mo but has an estimated rental rate between $900/mo and $950/mo. Estimated market value of $96,000. Features a fenced yard, bar room, fireplace and separate storage shed. This property is in rent ready condition minus some interior paint.

Priced for assignment at only $56,000. This would make for a great candidate for a retail flip, buy and hold or cash out refinance! Rent ready repairs estimated at $2,500 for interior, A/C unit installation and cleaning.

Can be purchased with cash/HML or mortgage if using our Buyer's agent exclusively at 3%. Buyer required to pay all closing costs.

Recent comps nearby:

4806 Blanding Cv. Memphis, TN 38118 - Sold $94,900 on 4/18/18 - 0.2mi

3287 Boxdale St. Memphis, TN 38118 - Sold $89,900 on 5/16/2018 - 0.3mi

3423 Renault St. Memphis, TN 38118 - Sold $74,000 on 4/27/18 - 0.3mi

Contact Jonathan at [email protected] or at 901-290-7827 for more information.