Off Market Deal In Memphis, TN. (fix and hold or fix and flip)

[Jason Hopkins]

Hello,

Please let me know if you are interested in this deal. 

Thanks

3 bedrooms 1 bath brick

1,012 sq ft

Built in 1972

Yearly taxes $908

Estimated repairs $15,000. HVAC, hot water tank, flooring, drywall repair, power wash outside of property, repair wood trim on outside of property, paint interior and exterior, clean yard, final clean, replace kitchen counter tops, change locks, hardware, repair plumbing,  inspect gas and electrical and bring up to code, blinds, new sink, vanity and toilet in bathroom,**Roof needs some shingles replaced, could last another 3-5 years.  Or replace for $3500 to $3,800)

Cash asking price $25,500

ARV $60,000

Rent Rate For Area $750

Click both links for detailed pictures

https://drive.google.com/drive/folders/0B32N7BR1o7--LVdvbE5WLVhIM3c?usp=sharing

*Disclaimer and Terms*

This property is a off market wholesale deal that can be bought with cash only. I have the property under contract to purchase for cash and selling my position as the current buyer via a assignment agreement.