This could be the deal of the year so far. Here is a monstrous 4BR 3Bath (the bonus room could be the 5th bedroom), brick home in the Southeast Memphis subdivision of Tiptree Park. This one has it all: central heat & air, a 2 car garage, a dining room, a large eat in kitchen with ceramic tile flooring, a separate dining room, a laundry room, large fenced in backyard, a backyard deck, a wet bar, outstanding location, great curb appeal, and too much more to comment on. This is a once in a lifetime opportunity to purchase a massive property for pennies on the dollar with a myriad of options. With a value of $150,000 dollars, you could easily fix this property up for a retail sale to make some quick capital. Or, with a high rent in a highly desired rental area, you could rent and hold this property for a great monthly cash flow return. The choice is yours, just don't sleep on it or you will miss this one. The rent range on this property is $1250-$1350 a month. Financing Available! We can lend purchase + repairs, and we have long term financing partner to pay off short term. (Disclosure: Appraised values reflect the date of this posting. Due to continually changing market conditions, appraised values may change slightly based on the time of refinance, changing market conditions, and/or the individual appraiser performing the analysis.) Annual Property Tax: $2,808.00 Gross Cash Flow: $193.00 Net Cash Flow: $42.00 Appraised Value: $150,000.00 Renovation Needed: $10,500.10
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
