SFH to buy and hold or fix & flip in Memphis

[Haim Mamane Palman]

Hi,

We have a contract for sale on 4325 Park Forest Dr. Memphis TN 38141

This is a 3/1.5 (in public records listed as 4 bedrooms) 1520 sqft. tri-level house with 1-car garage (see picture below).

Property currently occupied but tenants have been given a notice and property will be delivered vacant upon closing.

Property needs some updates see pictures here: https://www.dropbox.com/sh/bmg3f4lbp6y9tom/AAAa_qcwHjqmmAkHNdVkpsgGa?dl=0.

Rough estimate for repairs: 15k

Rent range: 900-$1000

After Repair Value: 85-90k

Asking price: 46k

Let me know if you want to check it out.

Thank you,