Nice Southeast Memphis Property attracts Investment Property Buyers

Posted by Chris Clothier on Mon, Oct 19, 2009
If you are looking to invest in Memphis real estate..... this is a good place to start!!

7089 Apple Creek, Memphis, TN 38125
Memphis Investment Property

Main Photo

Location: Southeast Memphis

Southeast Memphis is fast gaining a reputation for having great properties in nice neighborhoods that Memphis real estate investors are falling in love with. With 4 bedrooms, 3 baths, a two car garage, a fenced in backyard, back deck, vaulted ceilings, and central heat & air, this property is a great example of why these types of Memphis investment properties are cash flowing so well for investors.  And these are just a few of the features that make this home such a great deal!

The property last sold for $138,000 and we are selling it for only $79,900 or LESS THAN 60% OF WHAT IT LAST SOLD FOR! Talk about a discount! Located in the 38125 area of Memphis, this house would have great lease option potential and should rent for $1,095-$1,250 allowing for an investor to have RIDICULOUS cash flow!

Repairs to this property will include new interior and exterior paint, rotten wood repair, new floor coverings, servicing HVAC, landscaping, and house cleaning.

Due to perpetually changing market conditions, estimated values can vary due to external factors such as lender requirements, appraiser used, and length of time to refinance after purchase. Estimated values indicated are from time of posting.

Contact Information
Price: $83,900.00
Estimated Rent: $1,095-$1,250
Annual Taxes: $2,523.69
Zillow: $152,000
Previous Sale: $138,000
Tax Assessed: $139,900
Rehab: $15,000
Estimated ARV: $124,000

Property Location
7089 Apple Creek
Memphis, TN 38125
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Topics: Memphis investment properties, Memphis cash flow, buy discounted properties Memphis, Memphis wholesale property