Great Midtown Investment Opportunity - Individual or 2-pack Option

2111 Lyon Ave, Memphis, TN 38108

$55,000 After Repair Value -
$18,500 Asking Price -
$35,000 Cost of Repairs =
$1,500 Potential Profit

Property Details

Asking Price $18,500

After Repair Value $55,000

Costs of Repairs $35,000

Potential Profit $1,500

Living Area 1,008 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms N/A

Parking 0

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income $700

Yearly Expenses N/A

Property Taxes N/A

Net Operating Income N/A

Cap Rate N/A

Property Description

This property is 1,008 sq. ft. and has 3 bedrooms and 1 bathroom. The rent estimate is $700/mo. Estimated repairs needed: $35,000. We have a crew on standby to complete these repairs for you, if you need a team. This home is worth approximately $55,000.***We are willing to combine nearby 1537 Britton St. for a total cost of $25,000. This price includes both properties.***1537 Britton St is 812 sq. ft. and has 2 bedrooms and 1 bathroom. The rent estimate is $600. Estimated repairs needed: $17,000. We have a crew on standby to complete these repairs as well, if you need a team. This home is also worth approximately $55,000.

Repairs Needed

Repairs

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