STARTING PRICE: $69,999
BUY NOW PRICE: $85,000
ARV: $155,000
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OFF-MARKET DEAL – Memhis TN, 38111
3 Bed | 1 Bath
CAN BE CONVERTED TO 4/2
Solid structure
Property just needs flooring,kitchen, paint, bathroom cosmetic updates
Great rental market
Quiet neighborhood and close to local amenities
Priced to move – Serious buyers only!
Memphis– Don’t miss this off-market gem!
Don't miss out —SUBMIT YOUR BEST OFFER TODAY!
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PROPERTY DETAILS
Location: Memphis TN, 38111
Property Type: Single Family
Built Year: 1950
Est. Taxes: $700
School District: Shelby County School District
Lot Size: 0.05 acre
Interior Space: 1,702 SqFt.
Bedrooms: 3
Bathrooms: 1
TYPE OF PROPERTY: Detached House
ROOF (Age/Type/Condition): Shingle
GARAGE/PARKING(Age/Type/Condition): Garage
FLOORING (Type-Condition): hardwood
KITCHEN (Age/Condition): cabinets and counter tops are dated, replaced
BATHROOMS (Age/Condition): Bathrooms can be refinished, needs new vanity
ELECTRICAL (Age/Type/Condition): 100 amp
HEATING (Age/Type/Condition): eletric heat
WATER HEATER (Age/Type/Condition): electric 7 years old
Sewer and Water: Public
Gross Rental Proforma
Purchase Price
$69,999
Annual gross income
$18,000
Operating expenses (percentage)
%20
Operating expenses (total)
$3,600/yr
Vacancy rate
%10
Annual net income
$12,600
Cap rate
%18.01
Closing Costs: Paid by Buyer
EMD Amount: $10,000 (min)
Access: Schedule with me
Do not miss out on this opportunity!
DISCLAIMER:
We are the direct purchaser of this property. A legally binding Agreement of Sale has been executed between our company and the Seller, along with a Memorandum of Contract filed to secure our exclusive right to purchase. Our company holds a legally enforceable interest in this property and intends to complete the purchase. We are not brokers and do not represent the Seller or any third parties in a brokerage capacity. DO NOT contact the property owner/seller directly without our explicit written consent. Any attempts to interfere with this contract—including direct communication or negotiation with the Seller—will be considered tortious interference and may result in legal action.