304 W Fay Ave, Memphis, TN 38109, USA

Property Overview – 304 W Fay Ave, Memphis, TN 38109 General Condition: Partially rehabbed: Plumbing is in but unfinished Electrical: Wiring is good HVAC: Present but incomplete (needs compressor + furnace) Roof: Needs full replacement Interior: Unknown but likely in mid-rehab phase Structure: Presumably intact Estimated Rehab Costs: Item Estimated Cost Roof replacement $7,000 Finish plumbing (fixtures, final connections, etc.) $4,500 New AC compressor + furnace $6,000 Interior (walls, paint, flooring, kitchen/bath finishes) $15,000–$20,000 Miscellaneous (permits, minor repairs, etc.) $3,000 Total Estimated Rehab $35,000–$40,000 ARV (After Repair Value): Based on nearby 3 bed/1–2 bath renovated sales, the ARV is likely in the range of: $90,000–$105,000 Asking 40k negotiable Property Overview – 323 Modder Ave, Memphis, TN 38109 General Condition: Completely gutted shell – no systems inside Plumbing: Needs full installation Electrical: No wiring, full rough-in and finishing needed HVAC: None Roof: NEW (3-tab shingles, 6 months old) Structure: Framing only inside Estimated Rehab Costs: Item Estimated Cost Full Plumbing installation $7,000–$8,500 Full Electrical wiring $7,000–$9,000 HVAC system (ductwork + units) $6,500–$7,500 Interior buildout (drywall, paint, kitchen, flooring, bath, etc.) $30,000–$35,000 Permits & contingencies $3,000 Total Estimated Rehab $55,000–$63,000 ARV (After Repair Value): Based on similar renovated 3 bed / 2 bath comps: $90,000–$100,000, depending on quality and layout Potentially up to $110K–$120K if converted to duplex or higher-end finish Asking 20K negotiable --- 📊 Summary Comparison: Property Rehab Cost ARV Range Notes 304 W Fay Ave $35K–$40K $90K–$105K Partially rehabbed; needs roof & HVAC 323 Modder Ave $55K–$63K $90K–$100K (up to $120K as duplex) Gutted shell; new roof installed