• Address: 582 N 6th St, Memphis, TN 38105 (map)
• Date Posted: 11/02/09
• Bedrooms: 3
• Bathrooms: 2
• Size (sq ft): 1629
• Year Built: 1912

Memphis Wholesale Real Estate Investment Property- 582 N. Sixth St., Mphs., TN 38105
Features
Bedrooms: 3
Bathrooms: 2
Parking Spaces: Driveway/Pad
Year Built: 1912
Subdivision: Gwynne & Gibson
Lot Size: .11 AC
School District: Memphis City Schools
Square Footage: 1629
Agent Name: n/a
Broker: n/a
Annual Taxes: $776
Pricing
Price: $59,900.00
Flexibility: Firm
Rent Range: $850-$950
Rehab needed: $10,000
Status: Available
After-Repaired Value: $125,000.00
Preferred Closing Date: 11/13/2009
Interior Amenities
Kitchen Island
Attic
Laundry Room
Ceramic Tile
Exterior Amenities
Patio
Fenced Yard
Grass Lawn
Tool Shed
Description
For more info, please visit http://MemphisInvestorRehabs.com/

Or, to speak with a live person call 901.826.7987


Video coming soon!


Wow! It is indeed a rare occasion when a DEAL like this arises, even in the current market. Located in Uptown, this property definitely deserves more than a glance. Formerly known as Greenlaw, it is the city's oldest and very first subdivision. As recently as seven years ago, the area had been plagued by blight and dire poverty. Since that time, however, the neighborhood has undergone a massive transformation, and now stands as a national model for urban revitalization with some of the fastest appreciating property values in the entire Greater Memphis Area. The effort was spearheaded by two of our top and best-known real estate developers (Mr. Henry Turley and Mr. Jack Belz), who along with federal, city, and private resources were able to bring this vision to reality, with much more growth and improvements still to come!


Just north of Downtown, the subdivision is walking distance to nationally known St. Jude Childrens' Research Hospital, which itself is currently undergoing a $1 billion dollar expansion. Then there is also Downtown Memphis itself, which of course includes being close to EVERYTHING. Parks, recreation, schools, churches, Beale Street, major employers, transportation, great restaurants, the medical center (also expanding), night life, FedEx Forum, 3-minute interstate access, the list literally goes on and on. What this translates to from an investment standpoint is that you have a solid property in a resurgent neighborhood with a hungry pool of tenants and/or owner occupants on-demand!


Outside of the neighborhood and all the progress taking place there, if I were to describe this house in three words or less I would call it a spacious, easy rehab. In fact, the house is practically rent-ready as it sits! That's right - almost move -in condition! Even for an owner-occupant, the house would need minimal repairs (many were completed by the previous owner). The house is a 3br/2ba bungalow with 12' ceilings, oversized bedrooms, cavernous-sized kitchen w/ island, new 18" ceramic tile in kitchen and baths, new cabinets, new bath fixtures, new roof, new furnace, etc. Along with the historic charm and "user-friendly" layout of the neighborhood, the stage is set for a slam-dunk investment practically guaranteed to pay incredible returns for years to come! Respond by email or call 901.826.7987 to set your appointment to buy this once in a lifetime oppurtunity TODAY!!


Property being sold in as-is conditon but turnkey service available upon request.

Contact: Derrick Upshaw | 901.826.7987
For additional information, see: http://www.vflyer.com/home/crlk?id=2923536&ps=16 or reply to this ad.