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Updated over 7 years ago on . Most recent reply

User Stats

15
Posts
3
Votes
Dinesh Melwani
  • Investor
  • Lorton, VA
3
Votes |
15
Posts

Out of state investor needs advice on a Mempis location

Dinesh Melwani
  • Investor
  • Lorton, VA
Posted

Hi everyone,

Thanks in advance for  your help.  I am out of state investor looking to make my first investment in memphis.  

I am currently looking at a 2 bedroom/1 bathroom house with central air, W/D hookups, but tenant provided appliances.  The property is located on Barron Avenue between Rutland Rd and Poppen Rd in 38111.   It would be a great help if you can let me know your thoughts on the follow:

1) How is the area?  War Zone?  Crime maps indicate that it is a pocket of relatively low crime compared to surroundings?  Is it a rentable area?

2) What is the going rent for a similar home?  What about rent per sq ft estimates?

3) is it typical in memphis for tenants to provide appliances

4) can you suggest a good property inspector?

5) Can you suggest a property management company that could handle the home in that area?

6) What is the $/sq ft range for which homes are selling this area.

Thanks so much!!

Dinesh

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