Updated almost 8 years ago on .
Off Market Deal In Memphis, TN. (Currently Rented)
2491 Malone Ave. Memphis, TN. 38114
3 bedrooms 1 bath
1,442 sq ft
Built in 1941
Yearly taxes $717
Estimated repairs $1,500. Detached garage roof needs repair.
Cash asking price $25,000
ARV $40,000
Market Rent $675
Has Central Heat and window unit for AC (AC condenser can be added for an additional 1,500 to asking price)
Currently rented on a year to year lease
Tenants have been in place for 6 months paying $550 per month
Click link for photos
https://drive.google.com/drive/folders/0B32N7BR1o7--M04tTGwybjRFelk?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.