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Archived about 5 years ago

$16,000

1 bd 1 ba

273 N Bellevue, Memphis, TN 38105

Residential SFR Off MLS

Current Rent **

N/A

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Property In Prime Location

This 9,000 Sq. Ft lot is in a PRIME LOCATION. We all know real estate is all about Location Location Location. Well here you have it, this property is minutes away from main destination in Memphis including: the Medical district, an revitalized Crosstown where the newly revitalized Crosstown Concourse building which was once the main distribution center for Sears in the South, Downtown Memphis where you have 10s of thousands of tourist come to visit every year.

The lot is zoned residential but could be easily converted to Apartment use. So if you are an builder you have multiple options to make the most out of this property. You could build a single family house and rent it out to a single family or you could build a single family home and turn it to a boarding with the intent on renting to professions that work in the area. If you are not a builder you could still take advantage of this opportunity. There are countless opportunities to make a fortune!

Please submit your offer here if you would like to have an opportunity of owning this property:https://podio.com/webforms/22395646/1576559

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Location:

273 N Bellevue, Memphis, TN 38105

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.