????MEGA COMPACT INVESTMENT DEAL: 3 PARCELS IN 1 ????????????

Abbey Ln, Memphis, TN, Memphis, TN 38134

$350,000 After Repair Value -
$240,000 Asking Price -
$5,000 Cost of Repairs =
$105,000 Potential Profit

Property Details

Asking Price $240,000

After Repair Value $350,000

Costs of Repairs $5,000

Potential Profit $105,000

Living Area 2431 ft2

Property Type Multiple / Combo

Bedrooms 4

Bathrooms 3

Half Bathrooms N/A

Parking 2

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income $40,800

Yearly Expenses $3,900

Property Taxes $3,182

Net Operating Income $36,900

Cap Rate 15.3%

Property Description

Price: $240,000 CASH (Flat) After Repair Value (ARV): $350,000+ Transaction: Assignment of Contract (Clean title, quick close) Target Buyers: SERIOUS CASH BUYERS ONLY (No Wholesalers / No Financing Contingencies) ???? The Deal Breakdown * Massive Equity Spread: You are buying a confirmed $350,000+ retail asset for just $240,000. That leaves $110,000 of massive gross spread for repairs and profits. * The Ultimate Compound Asset: This is a rare package of 3 legally platted lots being sold together under one assignment: 1. Large 4-Bed, 3-Bath Main House: Features a built-in mother-in-law suite for immediate double-income potential. 2. Private In-Ground Pool Lot: Complete with a dedicated pool house and kitchenette. 3. Large Detached 2/3 Car Garage Lot: Massive storage space or ready to be split off. ???? Multi-Stream Exit Strategies * The High-Yield Rental Compound: Rent out the main house, the mother-in-law suite, and the pool house separately to generate three different rent checks. * The Land Split Angle: Legally separate the detached garage lot and sell it directly to a local builder to instantly slash your debt basis. * Premium Whole-Tail Flip: Complete a quick cosmetic cleanup and resell the entire compound to a retail buyer wanting a multi-generational estate. ???? Terms & Vetting (Strictly Enforced) * Closing of Escrow: Set for July 16th (7/16). This is a fast, clean timeline. * Inspection Period: 10-day inspection window started on June 17th (6/17) and ends on June 27th (6/27). Act quickly to secure your walkthrough! * Transaction Type: Assignment of Contract transaction. * Non-negotiable: A current Proof of Funds (POF) or bank letter showing liquidity for $240,000 MUST be submitted before the original contract, structural layout, or title docs are shared. No exceptions. * Earnest Money: Requires a $1,000 non-refundable EMD to the title company within 24 hours of assignment execution. ???? Legal Identifiers (All 3 parcels included under one assignment) * Parcel 1 (Main House) * Parcel 2 (Pool House & Pool) * Parcel 3 (Detached Garage)

Repairs Needed

Cosmetics, kitchen.

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