Memphis Investment Property With Multiple Exit Strategies
Investors searching for an affordable Memphis real estate opportunity may want to take a closer look at 308 W. Fields Avenue, Memphis, Tennessee 38109.
This three-bedroom, one-bath property offers approximately 1,302 square feet and may be suitable for a fix-and-flip, buy-and-hold rental, refinance strategy, or specialized housing model.
Property Snapshot
- Asking price: $37,500 – Reasonable cash offers considered
- Bedrooms: 3
- Bathrooms: 1
- Approximate size: 1,302 square feet
- Estimated repairs: $40,000–$57,500
- Estimated after-repair value: $114,000
- Property condition: Heavy rehabilitation
- Roof: New roof
- Reasonable cash offers considered
Potential Investment Strategies
Investors may evaluate this property for several possible exit strategies.
Fix and flip: Renovate the property and prepare it for resale based on current market conditions and verified comparable sales.
Buy and hold: Complete the needed repairs and operate the property as a traditional long-term rental.
Specialized housing: Qualified investors may explore housing models that serve veterans, individuals with disabilities, people transitioning from homelessness, or other populations needing stable housing.
Flowers and Associates may also provide guidance on exploring relationships with nonprofit organizations and agencies that refer or assist tenants. Any housing program, tenant-placement relationship, rental assistance, zoning, licensing, and occupancy requirements should be independently verified.
Review the Numbers Before Making an Offer
The estimated repair range is intended to help investors begin their evaluation. Buyers should complete their own inspection, contractor estimates, title review, and financial analysis before purchasing.
The seller is reviewing reasonable cash offers from qualified buyers, especially those who can provide proof of funds and demonstrate the ability to close.
Request the Complete Investor Package
Review the property photos, repair estimates, projections, rental possibilities, and available investment strategies.
VIEW PROPERTY DETAILS & SUBMIT AN OFFER
Qualified cash buyers may submit a reasonable offer with proof of funds.
Flowers and Associates LLC
Phone: 901-621-3544
Email: RealEstate@flowersandassociates.net
