Zen Property Solutions
11/11/2020
Told ya this one would go FAST!
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11/05/2020
Don’t pass this one up! Great opportunity for a high return flip (More pics + video below)
3bed 1bath 1588 sqft on corner lot in historic district of St. Elmo
💡ARV: $280k (you could probably get $300k+ after reno!)
💸Asking Price: $115,000
= $165,000 Spread
⚒Full rehab | Estimated $75-$85k
📌Note: Orange Zoning Commission demolition sign in front of property is VOID. The St Elmo District did not approve the home to be demolished but WANTS property to be renovated.
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Vacant for a few years, multiple holes in roofing = water & mold damage on one side of home.
Other side (bedrooms and bath) are intact and seem to be mold free.
Biggest lot on street. Big enough to be divided for another property.
The perfect flip.
***ASSIGNMENT OF CONTRACT*** | All deals are Cash or Hard Money only.
📍Pictures (59): https://drive.google.com/drive/folders/19-tq7EGVG9nucKsCSyBnmemdmD72xbaW
📍Video Walkthrough: https://youtu.be/AW4SVaIVPkY
Built in 1930
Lot Size: 43,560 (1 acre)
Rent Zestimate®: $1975/mo
Annual Taxes: $771/yr
VACANT (Please contact for access instructions)
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Memphis, TN
38134