Thursday, December 17, 2009

Fantastic Memphis, TN. investment property at huge discount!

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!

Main Photo

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.
Contact Information

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

Property Location
4020 Berrybrook
Memphis, TN 38115
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Bedrooms: 3
Bathrooms: 2
Parking Spaces: Driveway
Year Built: 1976
Lot Size: .31
Square Footage: 1285

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Thursday, December 3, 2009

Make-A-Wish and Memphis Invest team up to take a break from real estate and make a Dream come true!

Memphis Invest, GP, a local Memphis real estate investing firm, has always been proud to serve the greater Memphis community with causes that directly effect the affordable housing situation in Memphis and the restoration of neighborhoods that have been decimated by the falling economy. In the past we have supported Habitat for Humanity as well as local food pantries, meal kitchens and over-night support centers. After having had such a blessed year, we decided to add one more charitable organization to our donation list.

This past week, we had a chance to give back in another way to a teenage girl and her family who were in need of a Christmas season pick me up! By working through the Memphis chapter of Make-A-Wish Foundation, Memphis Invest granted a wish of a 17-year old girl to take here family to Walt Disney World in Orlando, FL.They will enjoy a week in Orlando and an opportunity to put the hospitals, school and the brave fight behind them for a few days while they enjoy time with her favorite character Mickey Mouse.

The staff at Memphis Invest want to thank Make-A-Wish Foundation for their wonderful guidance and support as we prepared for unveiling of her wish and for making it a special afternoon for our company as well as the young recipient and her family. Assisting other has been a focus of Memphis Invest for several years and we are grateful to have found another way to give back to those in need.

We look forward to granting another wish next year!