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1361 Chadwick Cir. Memphis, TN 38114, USA - Available Opportunity

Multi-Family - Duplex


1742 SF I 4 Bedroom I 2 Bath I Built 1949

  • 2 Bd / 1 Ba - Per Unit

  • ARV $220,000

  • Vacant

  • New Roof

  • Major Rehab Needed


Real Estate Investment Opportunity Overview

Presenting a unique real estate investment opportunity in a transitioning neighborhood burgeoning with potential. Prospective investors should be prepared for a comprehensive renovation as the property requires a major rehab to revitalize its potential. Whether the end goal is to raise the rental income or to flip the property for a resale, significant work will be required to unlock its full value.

Key Highlights:

  1. After Repair Value (ARV): Estimated at $220,000, indicating the potential value of the property post-rehabilitation.

  2. Potential Rental Income: Once rehabilitated, market rents for units in this property can reach $850 per month, presenting a lucrative income opportunity.

  3. Construction Details: The property boasts a solid all-brick exterior, indicative of enduring quality and durability. This can be a selling or renting point once the interior is renovated to match.

  4. Existing Upgrades: One less concern for potential investors is the roofing. The property comes with a newly installed roof, ensuring protection from the elements and potentially reducing immediate overhead costs.

  5. Neighborhood Dynamics: The vicinity is witnessing a surge of rejuvenation. Multiple duplexes in the area have undergone renovations and have been successfully resold, reflecting a positive trend and growing interest in the neighborhood. This trend suggests a promising future for property values and demand in the area.

This property presents a golden chance for those looking to invest in a rapidly changing neighborhood and willing to undertake the restoration work required. With strategic renovations and a keen eye for detail, this investment can yield significant returns.






Sale Activity & Comps



CRS Comparables for 1361 CHADWICK CIR (1)
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Rental Activity & Comps





20231012-Rentometer-1361_Chadwick_Cir_Memphis_TN_38114_USA-2-bed-aaWYRJL8oAY
.pdf
Download PDF • 456KB




A&R Development & Acquisitions

Eric Brinson, Realtor & 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.




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