Single Family Home

Property Overview

This off-market single-family residence offers a lucrative investment opportunity in the Bartlett Area. With its spacious layout and prime location, this property is ideal for investors looking to capitalize on the area's robust rental market or seeking a profitable fix-and-flip opportunity.

Property Details

• Address: 5115 Fernleaf Ave. Memphis, TN 38134

• Size: 2,042 sq. ft.

• Bedrooms: 4

• Bathrooms: 2

• Year Built: 1966

• Roof 3 Years Old

Financial Overview

• Potential Market Rent: $1,700 - $1,800/month

• ARV: Estimated at $245,000 post-renovation

• Investment Consideration: Ideal for investors focused on rental income or seeking a profitable fix-and-flip opportunity in a stable market.

Investment Highlights

• Vacant Status: Property will total vacant by 11/30/2023. Ready for immediate renovation or tenant occupancy.

• Rental Potential: Estimated market rent of $1,700 to $1,800, appealing to families and professionals in the area.

• After Repair Value (ARV): $245,000, offering significant upside potential.

• Condition: While currently outdated, the property presents an excellent opportunity for value-add through modernization and aesthetic upgrades.

• Desirable Area: Situated in the sought-after Bartlett Area, known for its family-friendly community and strong property values.

Photos

Download Sold Comps - As-Is & Rehabbed

Download Rental Comps

Download Rental Comps

A&R Development & Acquisitions

Eric Brinson, REALTOR and General Contractor

Mobile: 615-987-7897

ericb@andersonandryan.com

www.andersonandryan.com

*Note* You DO NOT have permission to market this property in anyway to anyone on any social media platforms, email, or direct to someone you know. You DO NOT have permission to mark up the property for your profit. If you know someone who may want to invest with us on this property contact ericb@andersonandryan.com directly to discuss. This is an off market investment opportunity.