All Forum Posts by: Haim Mamane Palman

Contract for sell for 1406 Sycamore Rd, Collierville, TN 38017

Nice brick house located on 1 acre lot in a rural Colliervie area. This is a very desirable Collierville area with the BEST schools in the county. Properties in this area sell FAST due to very low inventory and high demand.

Property with hardwood floors and in need of a minimal cosmetic work (see pictures link below). House is adjacent to a a neighborhood with houses that are sold in the 360k range. 

Multiple exit strategies available - you can keep it as a rental (house will rent for 950-$1050), or you can fix and sell to a retail buyer that w first time home owners. 

 Pictures Link (53)

County Register Link

Rent Range: $950-1050

After Repair Value: 110-115k. There are very few comps in the area due to low inventory levels.

Access: Please call (901) 602-7874 or complete the form here: http://advancedwebform.com/forms/3846

4868 Southern Avenue, Memphis, TN 38117

Purchase Price: 64.9k 

2 bedrooms 2 baths 1105 Sqft Built 1953 Great Colonial Acres property in highly desirable area of Memphis. Property in decent condition just need cosmetic repairs and maybe a new kitchen to attract a retail buyer. 

This property will move fast!

Access: Please call (901) 602-7874 or email to [email protected]

Additional Pictures (51)

Video Link

Comparable Sales/After Repair Value: 115-125k 

- 801 Ivy Rd, Memphis, TN, 38117 3 Bed 1 Bath 1338 sq ft. Year Built: 1954 12/01/2016 $ 134,000 0.30 mi 

- 754 Colonial Rd, Memphis, TN, 38117 3 Bed 1 Bath 0 sq ft. Year Built: 1951 11/21/2016 $ 136,000 0.24 mi 

- 4938 Marion Ave, Memphis, TN, 38117 2 Bed 1 Bath 946 sq ft. Year Built: 1951 06/28/2016 $ 109,000 0.40 mi 

- 4887 Spottswood Ave, Memphis, TN, 38117 3 Bed 1 Bath 1032 sq ft. Year Built: 1950 06/23/2016 $ 99,000 0.16 mi 

- 693 Moss Rd, Memphis, TN, 38117 2 Bed 1 Bath 976 sq ft. Year Built: 1951 06/17/2016 $ 95,000 0.14 mi 

- 4867 Marion Ave, Memphis, TN, 38117 3 Bed 2 Bath 1362 sq ft. Year Built: 1951 06/16/2016 $ 132,000 0.41 mi 

- 4953 Marion Ave, Memphis, TN, 38117 3 Bed 1 Bath 1136 sq ft. Year Built: 1951 06/07/2016 $ 135,000 0.45 mi

Access: Please call (901) 602-7874 or email to [email protected]

*All properties Subject to errors, omissions, deletions, additions, cancellation. All properties sold as is, where is with absolutely no representations written or oral. Buyer is to do their own independent due diligence. Property will not be considered under contract until signed contract and deposit received with all contingencies removed. Sales price is net to seller.

@Alex Craig Please let me know if you will have any interest checking it out or if you know someone that might be interested. Thank you

3181 Carnes Ave,Memphis, TN 38111

3 bedrooms 1.5 baths

1267 Sqft

Built 1940

Nice property located not too far from the University of Memphis that can be a great rental for students or a family. House is in decent shape and needs cosmetics repairs (Newer roof, hardwood floors, newer windows). See property pictures and video links below as well as a bid from a reputable contractor (10k rehab estimate)

Pictures Link (133)

Video Link

Repairs Estimate by Crestcore/City Light

Rent Range: $675-750

After Repair Value: 58-65k

Comparable Sales:

- 983 Brower St, Memphis, TN, 38111 4 Bed 1 Bath 1246 sq ft. Year Built: 1959 01/09/2017 sold for $ 62,000 0.49 mi

- 812 S Greer St, Memphis, TN, 38111 3 Bed 2 Bath 1049 sq ft. Year Built: 1949 12/30/2016 sold for $ 55,000 0.20 mi

- 995 S Greer St, Memphis, TN, 38111 3 Bed 1 Bath 1110 sq ft. Year Built: 1944 11/16/2016 sold for $ 59,160 0.48 mi - 3132 Carnes Ave, Memphis, TN, 38111 2 Bed 2 Bath 1702 sq ft. Year Built: 1950 Sold on 05/25/2016 for $ 81,000 0.10 mi - 541 S Holmes St, Memphis, TN, 38111 3 Bed 1 Bath 1596 sq ft. Year Built: 1930 Sold on 06/23/2016 for $ 72,500 0.42 mi

Access: Please call (901) 602-7874 or email to [email protected]

*This property is shown pending on the MLS because we have it under contract.

@Derrick Craig sounds good. Keep me posted after you check out the area.

Best,

Haim

Contract for Sale: 4758 11th Rd, Memphis, TN 38109

3/1 brick house that needs work. I'm not a contractor but my estimate is something around 12-15k in repairs. This can be a great property to add to your rental portfolio or to sell to a buy and hold investor for cash flow.

Additional Pictures (36)

Video Link

Rent Range: $650-$700

After Repair Value: 53-58k

Comparable Sales:

-910 Shadowline Dr, Memphis, TN, 38109 4 Bed 1 Bath 1123 sq ft. Year Built: 1970 11/10/2016 $ 64,000

- 4264 Westmont Rd, Memphis, TN 38109 3 beds 1 bath 854 sqft

$56,000 Sold on 11/30/16 - 4567 Bluebell St, Memphis, TN, 38109 3 Bed 1 Bath 1150 sq ft. Year Built: 1961 08/12/2016 $ 56,900

- 804 Pawnee Ave, Memphis, TN 38109 3 beds 1 bath 940 sqft sold for $57,700 Sold on 07/27/16 (Memphis CashFlow

- 4354 Falcon Dr, Memphis, TN 38109 3 beds 1 bath 900 sqft

- $56,000 Sold on 07/29/16 - 877 White Clover Ln, Memphis, TN 38109 3 beds 1 bath 1,053 sqft $56,700 Sold on 02/04/16

Access: Please call (901) 602-7874 or email to [email protected]

Contract for sale. 2-story property located in a nice quiet established neighborhood of Memphis. This property needs a significant rehab (see pictures and video below). I am not a contractor but my rough estimate is 25-30k in repairs, maybe more. This can be a great property to add to your rental portfolio or to sell to a buy and hold investor or even to a retail buyer.

Additional Pictures (36)

Video Link

Rent Range: $900-$1000

-3681 Nottingham Rd,Memphis, TN 38111 3/2 1400 sqft listed at $1000 -979 Little John Rd, Memphis, TN 38111 3/1.5 1776 listed at $950

After Repair Value: 80-85k

Comparable Sales:

- 925 Robin Hood Ln, Memphis, TN 38111 2 beds 2 baths 1,502 sqft

$79,000 Sold on 09/26/16

- 3793 Park Ave, Memphis, TN 38111 3 beds 1 bath 1,676 sqft $74,500 Sold on 07/08/16

- 3756 Huntingdon Ln, Memphis, TN 38111 4 beds 2.5 baths 2,037 sqft

$75,000 Sold on 06/09/16

- 1076 Echles St, Memphis, TN 38111 3 beds 1 bath 1,250 sqft

$68,877 Sold on 07/28/16

- 3647 Douglass Ave, Memphis, TN, 38111 3 Bed 1 Bath 1320 sq ft. Year Built: 1950 sold on 10/19/2016 for $ 91,000 0.27 mi from subject property 

Access: Please call (901) 602-7874 or email to [email protected]

*All properties Subject to errors, omissions, deletions, additions, cancellation. All properties sold as is, where is with absolutely no representations written or oral. Buyer is to do their own independent due diligence. Property will not be considered under contract until signed contract and deposit received with all contingencies removed. Sales price is net to seller.

it is really hard to tell as It depends what you want to do with the property as you can go with a tear down and build a house for a retail buyer or to build a rental grade house. Or to try to salvage the house and do a heavy renovation project with with a retail or rental grade flip. In any event, I think it's at lease 35-40k in renovation if not higher. I'm not a contractor and it's just my rough estimate.

Please let me know if you need  additional details.

Best,

Haim

Contract for Sale for: 5869 E. Fox Bend Cove Memphis, TN 38115

Fire damaged property. Major rehab, potentially a tear down. Very nice neighborhood with huge upside. Bring your contractor.

Property used to be 4 bedrooms, 3 bathrooms 2100 sqft, two story-building, with a pool and 2-car garage.

Pictures (25)

Video: http://screencast-o-matic.com/watch/cD6icDjwI6

After Repairs Value: 125-130k

Rent Range: 1100-$1250

Comparable Sales:

-5818 W Fox Bend Cv, Memphis, TN, 38115 3 Bed 2 Bath 2102 sq ft. Year Built: 1970 sold on 03/16/2016 for $ 130,000 0.13 mi from subject property

- 626 Firethorne Dr, Memphis, TN, 38115 4 Bed 2 Bath 1677 sq ft. Year Built: 1972 sold on 08/01/2016 for $ 124,900 0.39 mi from subject property.

- 5680 Gaywinds Ave, Memphis, TN, 38115 4 Bed 2 Bath 2240 sq ft. Year Built: 1968 sold on 03/10/2016 for $ 121,900 0.36 mi from subject property

- 5617 Jamestown Ave, Memphis, TN, 38115 4 Bed 2 Bath 2972 sq ft. Year Built: 1963 sold on 06/06/2016 for $ 120,000 0.55 mi from subject property

- 5736 Westcliff Cv, Memphis, TN, 38115 4 Bed 2 Bath 2097 sq ft. Year Built: 1970 sold on 03/10/2016 for $ 112,900 0.39 mi from subject property

- 3346 Foxbriar Dr, Memphis, TN, 38115 4 Bed 2 Bath 2014 sq ft. Year Built: 1967 sold on 08/08/2016 for $ 110,000 0.21 mi from subject property

Contact 901-602-7874 or email [email protected]

Contract for sale for the subject property. Property in good livable condition just need some updating to attract a retail buyer. Property has a great potential and should be easy flip project with 40-50k potential profit. Very desirable school district and area.

Additional Pictures (82)

Exterior Video

Interior Video
After Repair Value: 225-235k. Newer Properties are sold in the 285k range
Comparable Sales: 
- 8311 Hunters Meadow Ln, Arlington, TN 38002. 4 beds 4 baths 3,680 sqft SOLD: $295,000 on 06/03/16. Newer construction.

- 8947 Sweethorn Dr, Arlington, TN 38002. 4 beds 4 baths 4,082 sqft. SOLD: $282,500 on 06/10/16. Newer construction.

- 4626 Craddle Hill Dr, Arlington, TN 38002
4 beds 3 baths 3,080 sqft. SOLD: $281,567 on 01/03/16

If you need a full CMA from a realtor please let me know and I will email you a copy.

For more details and access please contact 901-602-7874 or email [email protected]