BiggerPockets.com — Sep 07, 2009 — MEMPHIS, TN: Ideal Properties is offering a fantastic opportunity to flip a house that will provide excellent Return on Investment. Offered at $48,000, 4808 Quince has several recent retail comps in the $100,000 range. This East Memphis location markets to younger and first time home buyers. The length of time on market in this area is below the Memphis average. If your real estate strategy is to buy and hold, then this house works for that too. The house would rent quick due to the popularity of the area and go for $875-$950 a month. The area appreciation has been solid over the years and there are not any indications this will change. Approximately $11,000 in renovations is needed, to which we can perform. We offer hard money to finance the deal, renovation services, property management and hands on from start to finish.
Ideal Properties is a full service real estate investment service in Memphis, TN. We offer properties that provide instant equity with excellent cash flow. These properties are offered at a substantial discount below the appraised value. Learn more about us at http://www.ipropertiesmemphis.com