Income Producing Property with Equity- Memphis Buy and Hold!!
Hey Bigger Pockets Community,
Pictures are on Zillow link below
Here is a SUPER NICE DEAL- 4214 Raleigh Millington Rd, Memphis TN 38128
This one has a TON of Equity still in it from the jump!! A lot of investors like to have meat on the bone as well as have Cash Flow Coming in Guess what this one you have both!!! Located in Raleigh!!
HUGE BACK YARD!!! Looks like a Football Field!! Very Nice Hard Wood Floors!! 3 Bed Rooms Large, Large Living Room, Large Den with Fire Place, Kitchen with Dining room beside it, Remodeled Ceramic tile Floors in Bathroom!!
We are wholesaling this one at a really nice price...If you don't believe me look at the numbers yourself below.
List Price-$59,500
Tax Assed for $75,800
Comparable Sales
4032 Lehi Dr. Memphis Tn - sold for $65,700 on 11/7/16
4286 Genyth Ave Memphis Tn- sold for $75,000 on 2/28/17
4050 Tessland Rd Memphis Tn- sold for $95,000 on 12/16/16
3984 Hanna Dr. Memphis Tn- sold for $53,000 on 2/23/17
Tenant occupied.....Current Tenants LOVE this home and have lived there 4 years!!
Currently Rented $825.00 a month
Taxes- $1,399 a year
Insurance- $525 a year
Property Management Fee- $66.00 a Month
No Vacancy-the tenants would like to stay
Only updates done to home since purchase was updated electric panel, new AC Condenser, and new/repaired plumbing under home, and cut down several large branches from tree that is in the back of the home that were hanging over the house.
No roof leaks or damage to roof but I think the roof only has may 3-5 yrs left on it, which is negotiable with price.
Call or Text 901-212-4476 Derrick Craig
email: [email protected]
View www.memphisbuyandhold.com
Very Solid Cash Flowing Investment Property to add to your Portfolio
