Memphis TN Fix & Flip! Double Your MONEY!

1537 Britton St, Memphis, TN 38108

$64,000 After Repair Value -
$14,000 Asking Price -
$17,000 Cost of Repairs =
$33,000 Potential Profit

Property Details

Asking Price $14,000

After Repair Value $64,000

Costs of Repairs $17,000

Potential Profit $33,000

Living Area 812 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 1

Half Bathrooms N/A

Parking 0

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income $7,800

Yearly Expenses N/A

Property Taxes N/A

Net Operating Income N/A

Cap Rate N/A

Property Description

Single family bungalow style home. 2 bedrooms, 1 bath in quiet Memphis neighborhood. Vinyl siding. Large lot. Interior repairs have been estimated by a contractor at $17,000 including furnace and duct work, full kitchen and bath remodel. Estimated ARV $64,000! Estimated rent rate of $650 per month.

Repairs Needed

Home needs a full interior cosmetic remodel. Hardwood floors are in great shape, just need to be refinished. Walls are currently lath & plaster and paneling. We would recommend drywall. Bathroom needs a full remodel. Floor boards need to be replaced. Roof over bathroom needs new sheeting. The rest of the roof needs to be reshingled. Needs furnace and ducts, and hot water heater. KItchen needs new cabinetry and countertops. Contractor has estimated work to cost $17,000. We can assist with lining up a reputable contractor to do the work for our buyer. Funding for rehab may also be available.

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