Wholesale

Cheap Investment Opportunity for Sale in Memphis TN

776 Looney Ave, Memphis, TN 38107

$45,000 After Repair Value -
$17,000 Asking Price -
$20,000 Cost of Repairs =
$8,000 Potential Profit

Property Details

Asking Price $17,000

After Repair Value $45,000

Costs of Repairs $20,000

Potential Profit $8,000

Living Area 3920 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 1

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

After Repair Value: $45,000
Estimate Repairs: $20,000
Sales Price: $17,000

Potential Gross Profit: ***$11,000***
Potential Gross Rents: ***$500 to $600/month***

Bedrooms: 2
Baths: 1\ - :# 930 sqft
Lot: 3,920 sqft
Year Build: 1927
Const. Type: Single Family
Parking: Detached Garage, 336 sqft garage

COMPS:
(1) 652 Mcdavitt Pl, Memphis, TN 38107 sold for $45k on 11/15/18 (2bed 2bath )
(2) 611 Peyton Cir, Memphis, TN 38107 sold for $79K on 01/01/19 (2beds 1.5baths)

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Sukhin Chawla

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