Memphis investment properties like this 3 bedroom, brick, ranch in Memphis, TN. are the rare finds that investors look for when they invest in Memphis real estate!
With properties like this one from Memphis Invest on the books for 2010, investors can look for a very good year!
Location: Southeast Memphis
A three bedroom two bath Memphis investment property with this much curb appeal rarely comes along in this part of Memphis. When everything comes together on an investment property, you get a fantastic looking house, purchased at a great discount, in a highly desirable neighborhood, with great location and curb appeal. That describes this property perfectly and it is a fantastic opportunity for any investor looking to invest in Memphis real estate. Located just around the corner from local schools and shops, this investment property is already one of the best looking properties on the street, even before rehab! This property has a nice eat in kitchen, large living room with a stone fireplace and vaulted ceilings, large bedrooms, and a nice backyard. With an estimated rent of $850-$950, this property offers MONSTER cash flow for an investor with an estimated 20%+ ROI.
Repairs to this property include: fresh interior paint, new floor coverings, servicing all systems, touch up exterior trim, landscape work, and house cleaning.
Due to perpetually changing market conditions, estimated values can vary due to external factors such as lender requirements, appraiser used, and length of time to refinance after purchase. Estimated values indicated are from time of posting.
Repairs to this property include: fresh interior paint, new floor coverings, servicing all systems, touch up exterior trim, landscape work, and house cleaning.
Due to perpetually changing market conditions, estimated values can vary due to external factors such as lender requirements, appraiser used, and length of time to refinance after purchase. Estimated values indicated are from time of posting.
Contact Information
MemphisInvest.com
1-877-773-9998
Pricing
Price: $55,900.00
Estimated Rent: $850-$950
Annual Taxes: $1,466.59
Zillow: $79,500
Previous Sale: $105,000 7/9/2007
Tax Assessed: $81,300
Rehab: $10,700
Estimated ARV: $67,000
Features
Bedrooms: 3
Bathrooms: 2
Parking Spaces: Driveway
Year Built: 1976
Lot Size: .31
Square Footage: 1285
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