Memphis Whitehaven property at wholesale price
Property located in high demand rental area of Whitehaven. Property needs some repairs and updates but there is still 15-20k equity in the deal.
My rough repairs estimate is 10-15k (I'm not a contractor).
See condition of the property in pictures and video links below.This will be a nice property to add to a portfolio or to fix and flip to a buy and hold investor.
Rent Range: $800-$875
After Repair Value: 70k
Comparable Sales:
- 1256 Royal Oaks Cv, Memphis, TN 38116 3 beds 2 baths 1,140 sqft$72,700 Sold on 01/12/16
- 3299 Brevard Dr, Memphis, TN 38116 3 beds 1.5 baths 1,153 sqft $83,900 Sold on 12/03/15
- 3252 Lakeview Rd, Memphis, TN 38116 3 beds 2 baths 1,831 sqft $68,000 Sold on 09/23/15
- 1676 Brakebill Ave, Memphis, TN 38116 3 beds 1.5 baths 1,132 sqft $84,900 Sold on 06/23/15
Access: Please call (901) 602-7874 or email to [email protected]
Note: This property is shown Pending on the MLS because we have it under contract
*All properties Subject to errors, omissions, deletions, additions, cancellation. All properties sold as is, where is with absolutely no representations written or oral. Buyer is to do their own independent due diligence. Property will not be considered under contract until signed contract and deposit received with all contingencies removed. Sales price is net to seller.