2b/1b Cashflow Property In Memphis |$9,500

[Michael Williams]

This is a 2 bed 1 Bath that is down to the studs. The previous owner of several properties passed away before he could finish this one. The major cleanup has already been done. Needs a complete inside rehab. Large fenced in backyard. Hardwood floors and Lawyers paneling in the entrance Foyer. One car garage that has been converted into a small bonus room 3 step down from the kitchen. 

The rent in the area range from $650 - $750. There is a large midsouth real estate company buying in the area and renting these houses very quickly. I grew up in this area and my mom still lives here. 

The area is a mix of senior citizens that own their homes, middle age people that have inherited home from their parents, and younger families that are renting. The older owners and 40-50-year-old families are serious about taking care of their areas. This is a perfect house for an investor looking for a cash flow property or a good handyman that likes to do it him/herself and move in. All working class residents. 

Memphis is becoming popular for the ability to require properties at low cost with minimal rehab, good cash flow & investment pay off in a short period of time. You can see the video at 
601 Mallory Memphis TN.