Promise Land Realty
May 15, 20232 min
Updated: Jun 11, 2023
Single Family Investment Opportunity
Price
Discover the potential of this fantastic investment property located at 5341 Millbranch Rd in Memphis, TN. Situated in the desirable 38116 area, this 1025 square foot gem is a promising opportunity for real estate investors looking to maximize their returns. With its attractive features, including 4 bedrooms and 1 bath, this property is sure to capture the attention of savvy investors like you.
Built in 1955, this property exudes a charming vintage appeal that adds to its overall appeal. Currently rented and in fair condition, this investment offers immediate cash flow from day one. However, to unlock its full potential and increase rental income or prepare for resale, a moderate rehab is recommended. With a little bit of investment and strategic enhancements, you can substantially raise the rents or optimize its market value.
Considering the competitive Memphis market, the after-repair value (ARV) for this property is estimated to be an impressive $142,000. The potential returns are further reinforced by the prevailing market rents, which reach an enticing $1400 per unit. This opportunity allows you to tap into a steady income stream while benefiting from the promising growth of the Memphis real estate market.
Located in a highly sought-after neighborhood, this property enjoys convenient proximity to essential amenities, transportation routes, and entertainment options. Its desirable location enhances its marketability and ensures a consistent demand for rentals in the area.
Don't miss out on this exceptional investment opportunity.
Whether you're an experienced investor or someone looking to enter the real estate market, 5341 Millbranch Rd is an ideal choice. Seize the chance to generate substantial returns and secure your financial future. Schedule a viewing today and explore the endless potential this property holds. Act fast, as opportunities like these do not stay on the market for long.
Invest wisely, invest profitably – secure your investment future with 5341 Millbranch Rd.
Please submit all offers directly to sarter@promiselandrealtyllc.com
Property Comps
Property Map
PROMISE LAND REALTY, LLC
Work: 864-762-2509
sarter@promiselandrealtyllc.com
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*