Leacrest Ave, Memphis, TN 38109, USA

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Leacrest Rd, Memphis, TN 38109

Single-Family | 3 Bed | 1 Bath

Perfect for Buy & Hold or Turnkey Flip!

This 3/1 single-family home in the 38109 area is currently tenant-occupied, but the tenant will be vacating by close of escrow. 

 Deal Highlights

• ARV: ~$120,000

• Rehab Estimate: $15,000–$20,000

• Bed/Bath: 3/1

• Strategy: Ideal for buy & hold, Section 8, or a quick cosmetic flip

Investor Notes

• Strong rental demand in the 38109 zip

• Solid comps support a clean ARV in the mid-$120s

• Light rehab = quick turnaround

• Great opportunity for cash-flow investors building a Memphis portfolio

Comps

• 4175 Warbonnet St Memphis 38109 - Sold $120,000 

• 4276 Westmont Rd Memphis 38109 - Sold $117,000

• 804 Pawnee Ave Memphis 38109 - Sold $116,300

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Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

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