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Buy&Hold (Rental): 1860 S. Lauderdale St, Memphis, TN 38106 - Deal Available

Updated: Jan 10

Single Family Investment Opportunity







Price

$88,000


Exclusive Off-Market Investment Opportunity: Renovated 2-Bedroom Rental in Memphis, TN - Already Generating $850/Month


🏠 Property Address: 1860 S Lauderdale, Memphis, TN 38106 🏠


Attention, investors! We are thrilled to present an exceptional off-market deal that perfectly aligns with your investment goals. Welcome to 1860 S Lauderdale, a fully renovated 2-bedroom, 1-bathroom home located in the heart of Memphis, TN. If you're on the hunt for a turnkey rental property with immediate income potential, your search ends here.


Please submit all offers directly to investments@promiselandrealtyllc.com


Property Photos: https://drive.google.com/drive/folders/11G6Wv0twYRbOBqv7BfTEVL31gUftXesC


Property Highlights:

  • Turnkey Investment: This 936 square feet gem has already undergone a thorough renovation, ensuring a hassle-free investment journey for you. It's ready to start earning you passive income from day one.

  • Proven Income Stream: With a tenant already in place, paying $850 per month, this property provides a steady stream of income that will significantly boost your investment portfolio.

  • As-Is Value Advantage: Priced attractively at $88,000, with an As-Is value of $110,000, you're getting the edge on a property with immediate equity potential.

  • Desirable 2-Bedroom Layout: The 2-bedroom configuration appeals to a broad range of tenants, from young professionals to small families, ensuring consistent demand.

  • Prime Memphis Location: Situated in a location that offers convenience to essential amenities, schools, and employment centers, this property promises strong tenant demand and optimal investment potential.

Investment Snapshot:

  • Bedrooms: 2

  • Bathrooms: 1

  • Size: 936 sq ft

  • Asking Price: $88,000

  • As-Is Value: $110,000

  • Current Rental Income: $850/month

  • Tenant-Occupied: Start earning from day one with a reliable tenant in place.

Don't miss out on this golden opportunity to own a renovated, tenant-ready property that promises not only immediate income but also equity potential. Whether you're an experienced investor looking to add to your portfolio or a newcomer eager to start strong, 1860 S Lauderdale is the ideal choice.


This property stands as a testament to the incredible investment potential Memphis's real estate market has to offer. Reach out now to gather more information about this exclusive off-market listing. Opportunities like these are limited, and the rewards are substantial.


Property Comps:



"YOUR #1 SOURCE FOR OFF MARKET INVESTMENT PROPERTIES, NATIONWIDE"



PROMISE LAND REALTY, LLC

Work: 864-762-2509


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*

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