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Great Cash Flow Opportunity
  
Memphis, Tennessee Home For Sale
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Price:
$85,000
Est. Payment:
$402 per month *
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Address:
Memphis, TN   38105
Bedrooms:
7
Bathrooms:
4
Type:
Duplex
Sq. Ft.:
3328
Listing ID:
WTP1930
CONTACT THE SELLER:
Seller Name: Janette Joyner
Day Phone:
Eve Phone:
Send Seller an Email
The owner is willing to work with a real estate agent.
PROPERTY HIGHLIGHTS:
  • MLS ID: 3142328
  • 2 stories
  • Standard Gas heating system
  • Central A/C cooling system
  • City provided sewer/wastewater
  • Has a fireplace
  • Has an attic
  • Has a basement
  • In the Speedway Terrace Subdivision neighborhood
  • $1,527 estimated taxes (yearly)
PROPERTY DESCRIPTION:
Complete the renovation of this wonderful, spacious property to a two (2) unit duplex with each unit including a large master suite, 2 full baths, 2 or 3 additional bedrooms and open plan living/kitchen areas. OR complete as a large single family custom home and live in style at a fraction of the normal cost. Contractor is available.

Located 5 minutes from downtown, uptown, St Jude, LeBonhuer and Methodist hospitals, Fed-Ex Forum, Beale Street, Mississippi River and downtown entertainment areas.  Near Interstate 240 and N Parkway gives you easy access  to any direction.

Structural renovation is complete with new exterior siding and windows.  Designed as duplex with one (1) unit upstairs and one (1) unit downstairs, each with private entrances and porch areas, all new interiors including new energy efficient central HVAC and other mechanical elements.  You choose floor coverings (hardwood, carpet, tile) cabinetry, light and bath fixtures, colors, landscaping, etc

As a duplex each unit should rent for appprox $1,200 per month.  Rent one unit and live FREE in the other unit! Or rent both units and enjoy extraordinary positive cash flow.  

Design as a large single-family home and enjoy up to 7 bedrooms, 4 full baths, open living/kitchen areas, media room, office, playroom....whatever your heart desires, all at a fraction of the normal cost of a 3300 sf, customized home.

Estimated cost to complete is $80,000 giving you this large, versitile property in pristine condition at approx $50 per sq foot! Financing is available to include both the purchase of property and completion of renovations.

 

www.owners.com/WTP1930
NEXT STEPS:
Get A Home Loan
Lock in a low fixed rate today!
Click or Call 866-356-2620
Make An Offer
Download Forms and Contracts.
Order A Home Inspection
To Thoroughly Examine
the Property.
Find A Moving Company
To Haul your Stuff.
* Based on 20% down and a 30-year fixed rate of 5.875%. Change Assumptions.

 
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