Tons of options for an investor on this 2-bedroom home in Memphis. The current owner is at the end of the repairs and wants to sell. The property directly across the street was sold as a turnkey rental for 70k on 06/21.
All following materials are included in the contract:
- Kitchen cabinets
- Brand new stove
- Fridge
- 5 New windows
- 2 Exterior Doors
The following Renovations have already been completed:
- Removal of:
- Old kitchen and bathroom
- Old appliances
- Old roof
- Installation of:
- New Roof
- New drywall mudding, and taping
- New HVAC
- New Water Heater
- New Plumbing
- New Toilet
- New Electrical
- New Front 2 Windows
With a good value-add opportunity and steady rents in the area, this could be a great BRRRR for a seasoned investor or a first-timer looking for a secondary exit strategy for a buy-and-hold rental property. When rehab is completed, comps in the area should support a 20%+ equity position. Pre-listing interest already, so reach out quickly.