$65,000
4012 Hobson Rd, Memphis, TN 38128
Current Rent **
$850
Projected Rent **
N/A
Estimated Rent †
Estimated Rent Confidence ‡
Very High
Invest Special - OPEN HOUSE TODAY 3pm- 4:30pm (CASH BUYERS ONLY)
Contract for Assignment
OPEN HOUSE!!! Sunday May 19th, 2019 3pm-4:30pm
4012 Hobson Rd, Memphis, TN 38128
3 Bedroom,1.5 Bath, 1654 Sqft
Suggested Assignment Price: $65k
Repairs: 10k-20k
ARV: 120k
Will Take Best and Highest Offer
This off-market property sits in the Raleigh neighborhood of Memphis, TN. This property has new plumbing and new sliding doors. The Electrical, Foundation, and HVAC of the property is in good condition. The roof is a 6/7 out of 10. This property was previous a section 8 income property. The property currently has the power off. It is vacant with a lockbox. Retail comps in the area are going for $90.42 per Sqft. This property has just been under contract and wont last long before being assigned!
Please contact me directly at 727-900-6057 (Gabe) or Direct message me.
Location:
4012 Hobson Rd, Memphis, TN 38128
Report Abuse
* 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.
Only paying BiggerPockets members can do this!
Upgrade your account to a Pro membership to finish uploading your listing.
Pro Marketplace Benefits
- List up to 2 properties a day under Real Estate Listing
- Re-port your Real Estate Listing every 5 days
- Create job & buying ads in the Marketplace
Additional Pro Benefits
- Unlimited use & access to Rental Property Calculator
- Over $5,000 worth of discounts in Pro Perks
- Access to 50 states & DC landlord forms
- Forum Keyword Alerts
- And more!