Clean cut property for the right investor to come and make the place shine. Property is located 2 streets over from Rhodes College, and a block away from the Memphis zoo. Property was converted from a duplex to a single family home back in the 80's all permitted.
4bed-2bath. 2,048 sqft.
No structural damage, electrical and plumbing is in good condition, roof is in good condition as well.
ARV: $290.000
Asking Price: $200.000 or best offer.
For reference, these are the properties we are using as comps in the area:
https://www.redfin.com/TN/Memphis/735-Hawthorne-St-38107/home/60688931
Sold 12-8-2022
3bd-3ba. 1,915 sqft
Listed in October at $305,000, and sold December for $306.1000. (RENOVATED COMP)
https://www.redfin.com/TN/Memphis/709-N-Belvedere-Blvd-38107/home/60645718#property-history
3bd-1.5ba. 1,822 sqft.
Listed end of August at $219.000, Sold in November for $219.000 (AS-IS SALE)
https://www.redfin.com/TN/Memphis/1759-Crump-Ave-38107/home/60750282#property-history
2BD-2BA 1,372 sqft
MLS Sale, property sold for $245.000 in November (RENOVATED CONDITION) per description.
All subject properties are relatively smaller in size, selling at a higher price point.