Make an offer! - 1038 Breedlove St, Memphis, TN 38107

1038 Breedlove St, Memphis, TN 38107

$60,000 After Repair Value -
$25,000 Asking Price -
$0 Cost of Repairs =
$35,000 Potential Profit

Property Details

Asking Price $25,000

After Repair Value $60,000

Costs of Repairs $0

Potential Profit $35,000

Living Area 1773 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

1038 Breedlove is an opportunity for a savvy investor looking for a rehab project that will result in solid cash-flow. With a likely all-in cost under $60,000 and potential rent up to $1,100 this 3 bedroom single-family could be a home-run cash-flowing property in the highly sought after market of Memphis, TN.

Located in the North Memphis market, and just about a 5 minute drive to the center of downtown, the continual growth and expansion of Memphis should push near-downtown market values even higher in the foreseeable future.

Take advantage of the current single family valuations before cap rates play a larger part of the equation and drive these nearly 2% rule properties well above their current ARVs.

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