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2859 Carnes Ave, Memphis, TN 38114

Price:  $11,500  | ARV $52,000  |  Repairs: $1,500  |  Equity/Profit:  $39,000
Financials:.
 
Arv:                                  $52,000
Price:                          $11,500
Repairs:                           $1,500
Equity/Profit:                   $39,000
Remarks:  Vacant. Currently setup as a rooming house. As a rooming house, this property can bring well over $2,200 per month in income! Or It can be set up as a duplex (it has 2 sets of meters & 2 different Entrances). For the duplex style, It will be 3 bedrooms 1 bath (Den & Kitchen too) in the front house that will rent for approx $525 per month and the back is a 1 bedroom 1 bath (Den & Kitchen too) that will rent for $300 per month. So total Rental will be $825 per month!! As a rooming house $2,200 per month potential. As a Rental $825 potential. ** Owner Financing Available with $6,500 Down and payments of $300/month - Total Sales Price if owner finance is used will be $25,500). for appointments please call (901)313-0074
Property Info :
Sq Ft (Approx):               1400    
Year Built:                       1933
Parking:                           Driveway    
Floors:                             1
Type:                                Single Family Home
Heating/Cooling:            Central Heat
Occupancy Status:         Vacant
Description Of Repairs:  Approx. $1,500
 
If you are a handyman (Or have one), you could make this deal an easy project!! Roof Repairs $450, Painting $400, Window Pane Replacement $50, Doors $75,  Locks $50,  Misc.  $475 = $1,500  

For More Information:

Please Call 901-313-0074

*   All Figures above and throughout this website are totally approximately estimates and to the best of our knowledge.  You should have your own contractor to verify any numbers before purchasing any properties.   We are not responsible for missed items or incorrect amounts.  Hire a professional to give you values and repair cost.   ​