Memphis TN Fixer Deal

1613 S Lauderdale St, Memphis, TN 38106

$98,000 After Repair Value -
$30,000 Asking Price -
$35,000 Cost of Repairs =
$33,000 Potential Profit

Property Details

Asking Price $30,000

After Repair Value $98,000

Costs of Repairs $35,000

Potential Profit $33,000

Living Area 1144 ft2

Property Type Single Family House

Bedrooms +6

Bathrooms 1

Half Bathrooms N/A

Parking 1

Listed with Agent 1

Property Description

It\'s a rooming house with 6 bedrooms and 1 bath. Kitchen and laundry room. It\'s a great investment project needing light repairs only.It\'s not cohabit-able in its current condition. It\'s a great fixer upper opportunity so remodeling is necessaryEstimated $32-37k in labor and materials.No materials are on site. Here are some of the materials needed to make the repairs:Structure ? drywall/ mud/ tape ? 1/2 subfloor plywood ? 2x8s ? 2x4s ? Shingles/ felt/ nails ? 1/2 roofing plywood ? Facial board ? Siding ? Insulation Cosmetics ? flooring ? Lights ? Paint ? Baseboard ? Tub ? Vanity

Repairs Needed

Here are some of the materials needed to make the repairs:\r\n\r\nStructure ? drywall/ mud/ tape ? 1/2 subfloor plywood ? 2x8s ? 2x4s ? Shingles/ felt/ nails ? 1/2 roofing plywood ? Facial board ? Siding ? Insulation Cosmetics ? flooring ? Lights ? Paint ? Baseboard ? Tub ? Vanity

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