Huge potential for returns. Minor repairs needed.

2350 Douglass Ave, Memphis, TN 38114

$75,000 After Repair Value -
$47,000 Asking Price -
$4,650 Cost of Repairs =
$23,350 Potential Profit

Property Details

Asking Price $47,000

After Repair Value $75,000

Costs of Repairs $4,650

Potential Profit $23,350

Living Area 1052 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 $798

Yearly Expenses $2,239

Property Taxes $531

Net Operating Income $649

Cap Rate 17

Property Description

This property is currently vacant. It has brand new heating and air furnace, complete plumbing, electrical, all flooring and sheetrock. Property is two streets from Cooper Young Area.Email evan@rocketoffr[dot]com for more info.

Repairs Needed

Ask me for details. I will send the full inspection report.


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