Memphis Real Estate Investing

2 min read

Memphis Investment Property | Bank Foreclosures Memphis, Tennessee

Mon, Nov 15, 2010

 

4555 Addington, Memphis, TN 38128

Memphis Investment Property!!

Location: Raleigh

 
How often can you buy a 15 year old investment property in Memphis, Tennessee AND rehab it all for less than $55,000? This is a great opportunity for such a thing! With three bedrooms, two bath, brick exterior, central heat and air, great location in the northern part of Memphis, this property offers a potential Return On Investment of 22%+. Priced at only $42.60 per square foot, this relatively new home is practically being given away! Located just down the street from area schools, this house should always have a high rental demand meaning CASH FLOW for an investor!
Repairs to this property include: landscape work, fresh interior paint, new carpet, new tile flooring, kitchen and bath remodel, service all systems, and a 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.
 
Logo

Information

Price: $40,900
Estimated Rent: $550-$650
Annual Taxes: $1,181.57
Price Per Sq Ft: $42.60
Potential ROI: 22.08%
Zillow: $53,500
Previous Sale: $56,000 12/28/1994
Tax Assessed: $65,500
Rehab: $11,000
 

Property Location

4555 Addington
Memphis, TN 38128
View Map
 
Links

Features

Bedrooms: 3
Bathrooms: 2
Parking Spaces: Driveway
Year Built: 1994
Lot Size: .13
Square Footage: 960
Agent Name: Brett Clothier
Broker: Brett Clothier
Owner Agent: Yes
 

Attributes

Appliances
Range/Oven
Dishwasher
Interior Amenities
Attic
Exterior Amenities
Patio
Grass Lawn


 
VFLYER ID: 3777377

All information in this site is deemed reliable but is not guaranteed and is subject to change. Total potential Return of Investment (ROI) is based on calculations of external data and is subject to change.

Chris Clothier
Written by Chris Clothier

Entrepreneur, writer, speaker, ultra-endurance athlete, husband & father of five beautiful children. Chris puts these natural talents on display every day. As a partner at Memphis Invest, Chris addresses small and large audiences of real estate investors and business professionals nationwide several times each year. Chris is also an active writer, weekly publishing real estate, leadership, and endurance training articles.

Featured