Memphis HandyMan Special: REDUCED | $6,200 "AS IS" Needs Work

[Michael Williams]

This is a Handyman special that needs everything. THIS IS A WHOLESALE DEAL, no room for re-resale by another wholesaler. Good buy, fix, and rent or buy, fix, and live in. Great handyman special. This is in an area of senior citizens that own their properties free and clear, rentals by a major rehabbing company, the Pine Hill Golf course two blocks away, interstate 1 mile away, shopping center 1.5 miles away, and investor activity in the area. Great chance to get your feet wet in the Heating Up Memphis low-cost houses market.  

Work was started on this house by a rehabber but he passed away before finishing it, so it is gutted. This is priced to move quickly. This house needs about $15-20k of work so the best fit for this property is a buy and rent for cash flow from a nice rent.  

The comps in this area of Memphis are between $22k-$45k, ARV on this one is roughly $24k, leaving NO room for flip. The owner has another property as well if I sell this one.


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