Memphis Wholesale Property
Incredible Memphis Wholesale opportunity. Pick up a wholesale property in a great rental area of Memphis today! This Memphis wholesale property features 3 bedrooms, 2 baths, garage, in a neighborhood with beautiful parks and lakes.
Exit Strategies Recommended:
Buy & Hold – Put a little work into this property and add it to your retirement portfolio.
– The current estimated rent range is $850 – $900 per month with a annual return on investment of 11.50% . The estimated rental repair is $12,000. Purchase the property wholesale and either repair it yourself or let us handle the details. Either way, you save thousands and get a property that will boost your rental portfolio. As an added bonus, we currently have a waiting list of tenants that would rent this property
Fix & Flip – If you’re looking to increase your capital for future deals, this one will help get you there.
– Purchase at 47% ARV with plenty of equity built in for a great payday in the future. Comp value is estimated around $115k. The estimated repairs for fix & flip is $20,000, holding costs $2200, commissions $7000, closing costs $800. Total investment estimated at $85,000 leaving a profit of $30,000
– Cash on cash return = 35%
Lease Purchase – The area makes this property a great candidate for your lease purchase buyers.
Call us TODAY before this deal is gone. 901-347-0600
Many other Memphis Wholesale deals available.
Call Today for more information! 901-347-0600
Find more properties online at www.memphisinvestmentgroup.com
– Complete Property Management – Our service keeps your investment making you passive income all year without the management headaches
– In House Construction Team – Ensures that you get the lowest prices on repairs to keep the expenses down
– Investment Consultants on call – Our team works for you to answer any real estate questions in the Memphis area.
– Tenant Placement – Our top notch staff knows the values, marketing, and the screening techniques to get your property rented quickly with highly qualified tenants.
- 2905 Invergarry Rd
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- Year Built:
- For Sale
- Property Type:
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- Lot Size:
- 15000 sq ft
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