Fix&Hold (Vacant): 2336 Lowell Ave, Memphis, TN 38114 + $95,000
- Promise Land Realty
- Aug 5
- 3 min read
Single Family Investment Opportunity
Price
$95,000
OFF MARKET — MEMPHIS BRRRR
2336 Lowell Ave, Memphis, TN 38114
3 bed / 2 bath / ±1,500 sq ft
Got a good one here. Solid brick rental in a pocket of Memphis that stays rented. Cosmetic-to-moderate rehab, nothing structural, nothing scary. Get in, fix it, fill it, refi out.
PROPERTY PHOTOS
THE NUMBERS
Price: $95,000
Rehab: $30K – $35K
All in: $125K – $130K
ARV: $175,000
Rent: $1,495/mo
THE EXIT
Refi at 75% of $175K = $131,250 — that alone covers your all-in
Refi at 80% = $140,000 — you're walking away with your money back and then some
Equity when it's stabilized: $45K – $50K
Rent to all-in sits around 1.15%, so DSCR pencils with room to spare
Plenty of meat left on the bone. This is a keeper, not a flip — you're buying the refi, and at this basis you've got cushion even if the appraisal comes in light.
WHAT WE NEED
Cash or hard money. POF before I send the address and set up access.
First one to the table with proof of funds gets it.
Trevor Sarter | Promise Land Realty LLC
864-762-2509
All numbers are estimates. Buyer and buyer's lender to verify ARV, rents, rehab, and financing. Do your own due diligence.
Property Map
TEAM PROMISELAND DISCLAIMER: No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors & Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
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PROMISE LAND REALTY LLC
Work: 864-762-2509
Trusted by 50,000+ Investors. Featured on BiggerPockets:
PROMISELAND DISCLAIMER:
Promiseland Realty LLC is a nationwide real estate consulting firm specializing in off-market investment opportunities, strategic acquisitions, and real estate advisory services.
No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of an accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors and Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
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