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Memphis, TN

Memphis, TN

location
38013
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Prosway Seller
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Overview
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Data

Property Details

Bed/Bath
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3
bath icon
1
Square Feet
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778
ft2
Lot Size
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6578
ft2
Year Built
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1953
Asking Price
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70000
Rehab Estimate
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This rehab estimate is provided by the seller and may not necessarily reflect the precise figure.
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0
Closing Cost
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Closing Cost may vary based on the chosen closing company. The Seller will provide the final Closing Cost after the sale period.
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1000
Prosway Estimate
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This is Prosway’s own estimate based on our own studies. See Terms and Conditions for details.
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87030
Prosway Fee
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0
Rent Estimate
$1,365

Property Summary

Seller Summary

This is a seller finance deal. (Can pay cash if you want)

Around $38k is owed on this property to the previous seller.

Monthly payment with the 4% interest is $400 (seller is the lien holder).

As of today, the remaining balance on the mortgage is $38k.

Whatever you bid over $38k, you will have to pay cash.

Currently has a tenant in it paying $800 rent.

Tenant is one of the current seller's employees and can leave or remain in the property as the buyer pleases.

House was newly renovated.

Has a new air conditioner compressor.

Fresh paint.

New flooring.

We added a third bedroom where the garage used to be.

All information is provided by the seller and not provided by Prosway. Prosway assumes no responsibility for the verification or accuracy of the listing details.

Property Description

Seller Description

This is a turn-key property.

If anything, it might need an additional $2000 in miscellaneous repairs to meet Section 8 standard.

Spacious yard.

Section 8 website says it pays $1700, but we believe it's actually closer to $1300-$1400.

This house is a cash flow king with huge ROI.

Cheap house with big returns.

5 minutes away from downtown Memphis.

5 minutes away from Midtown.

10 minutes away from the airport.

5 minutes away from the Memphis bridge.

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All information is provided by the seller and not provided by Prosway. Prosway assumes no responsibility for the verification or accuracy of the listing details.

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