Tag : pending sales

8 years, 3 months ago 0

We closed on the sale of another awesome renovation.  You know you’ve done a good job when you find a buyer after only five days on the market.  This was one of those houses you fall in love with during the renovation so we definitely wanted to find buyers who would really appreciate the house.  Luckily, we did and they were nice enough to do a testimonial video for us.  Check it out and then watch the video walkthrough and you’ll know exactly why they bought the house.

[youtube=http://www.youtube.com/watch?v=gM8Iu2hnyzU]

 

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8 years, 5 months ago 0

Mark Anderson gives you an update on the progress being made on the exterior at the Holmes Circle house.  [youtube=http://www.youtube.com/watch?v=DdgrJfrDj08]

9 years, 9 months ago 0
Posted in: General

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If you turned on the TV today, you know what I’m talking about.  Snow, aka “White Death”.  In Memphis, we got pounded by at least a half-inch of snow.  Yes, you read that right.  Schools closed.  The grocery stores have been packed the last few days.  Craziness ensued.

If you are a looking to buy Memphis investment properties, is there something you can do to avoid some of the craziness that can ensue prior to closing?  Of course there is – get yourself a great real estate closing attorney.  One big tip is to determine what the primary client type is for the attorney.  Does the attorney mostly do closings with investors, or John & Jane Homebuyer.  Obviously, if you are looking to build a portfolio of cash flow properties, you should be working with an attorney that specializes in working with investors.

At Lucky A Properties, we work with one of the best real estate attorneys in town.  This attorney is a sponsor of our Mid-South Real Estate Investors Association and I brought a new private lender to her office today so he could ask a few questions about how the private lending process works.  She answered all of his questions clearly and in plain English.  Now the private lender is ready to fund two of our upcoming deals.  Just remember, when its crazy out there, surround yourself with good people.

9 years, 11 months ago 0

We’ve got another fantastic Memphis investment property available in the High Point Terrace area.  The same caring owner has owned this duplex since 1960’s and both sides are currently rented.  3611 is two bedrooms, one bathroom and is rented at $425 per month until March, 2010.  3609 is one bedroom, one bathroom and is rented at $325 per month.  The lease is month to month.  These rental amounts are well below market rates and the property should support rental income of $1,000 per month.

This house is in good condition and is move-in ready.  The property has been well maintained over the years but could be updated if desired.  The huge lot is .33 acres making it one of the larger lots in the area.  This property is 1,511 square feet and each side of the duplex has its own driveway.  Other features include hardwood floors, furnace heat and window unit air conditioning. 

The location of the property is fantastic.  Near the corner of Barwood and Highland, you will see the Chickasaw Country Club and Crichton College and you are only minutes away from the University of Memphis.  Plus the property is in the Grahamwood school district.    

The recent county-wide property reappraisal valued the property at $190,000 for tax purposes but a successful appeal lowered the tax assessed value to $119,900.  The appeal was successful in part because an independent appraisal was done on 7/29/09 by Terry Brigham, SRA & Co.  Appraiser Brigham established the value of $119,900 using the Sales Comparison approach.  We will provide a copy of the appraisal report upon request.

If you are looking to invest in Memphis real estate, you have the opportunity to purchase a duplex needing little to no rehab in one of the best neighborhoods in the entire city for only $93,000.  That’s nearly $27,000 of instant equity.  Raise the rents and the property will provide outstanding positive cash flow.

Not a Memphis real estate investor?  That’s ok!  This home is move-in ready and can be purchased at a significant discount.  Rent out the other side and the tenant will be covering most of your mortgage.

Barwood Circle Exterior Front

Contact Information

Pricing

  • Price: $93,000
  • Estimated Rent: $1,000
  • Annual Taxes: $2,161
  • Zillow Estimate: $169,000
  • Tax Assessed Value: $119,900
  • Rehab Estimate: $0-$5,000
  • Estimated ARV: $119,900

Property Location

  • 3609-3611 Barwood Cirle
  • Memphis, TN 38122
  • Map

Links

Features

  • Duplex
  • Side #1 – Two Bedrooms, One Bathroom
  • Side #2 – One Bedroom, One Bathroom
  • Year Built: 1945
  • Square Footage: 1,511

Attributes

  • Hardwood Floors
  • Floor Furnace heat
  • Window Unit Air Conditioners
  • Large Yard
9 years, 11 months ago 0

We’ve got another fantastic Memphis investment property available in Raleigh.  The same caring owner has owned this house since 1983 and it is in pristine condition.  This house is move-in ready and needs no rehab unless you want to update  a few light light fixtures and the wall paper in the kitchen and hallway.  Situated at the end of the cove, the well landscaped property features a large backyard and covered patio with a wonderful outdoor kitchen.  The inside features three bedrooms, two bathrooms, living room, den and dining room.  The kitchen appliances are included with the house.  The separate laundry room includes the washing machine but will need a new dryer.  This property is 1,600 square feet with an attached 2 car carport.  Other features include a brand new water heater, central heat & air plus a gas wall heater in the den.  Only 1.5 miles from Bartlett and close to nearby schools, this home is located in a prime location. 

Arsenal Cove Exterior Front #3

If you are looking to invest in Memphis real estate, this property should rent quickly for $750-$850 per month, providing outstanding positive cash flow and instant equity. 

Not a Memphis real estate investor?  That’s ok!  This home is move-in ready and can be purchased at a significant discount, which will make your monthly payments more affordable.

Click on the Photo Slideshow for many more photos!

Lucky A Properties Logo

Contact Information

Pricing

  • Price: $69,900.00
  • Estimated Rent: $750-$850
  • Annual Taxes: $2,177
  • Zillow: $109,00
  • Previous Sale: $60,000 5/13/1983
  • Tax Assessed Value: $120,800
  • Rehab: $2,000
  • Estimated ARV: $85,000-$90,000

Property Location

  • 4842 Arsenal Cove
  • Memphis, TN 38128
  • Map

Links

Features

  • Bedrooms: 3
  • Bathrooms: 2
  • Parking Spaces: 2 Car Carport
  • Year Built: 1964
  • Square Footage: 1,600

Attributes

Interior Amenities

  • Hardwood Floors
  • Central Heat & Air
  • New Water Heater
  • Appliances Included
  • Attic

Exterior Amenities

  • Outdoor Kitchen w/Covered Patio
  • 2 Car Carport
  • Two Storage Sheds
  • Fenced Yard
  • Landscaped Lawn
10 years ago 0
Posted in: General

We recently gave a presentation about the Top 10 Questions for New Real Estate Investors.  We’ve taken a few snippets and created some short informational videos.  Check them all out here: http://www.youtube.com/user/LuckyAProperties#play/uploads

Here is a sample:

[youtube=http://www.youtube.com/watch?v=onjnHRCbQEw]

10 years, 1 month ago 0
The Allison Ave. rehab is complete. Check it out and contact us regarding adding this great property to your investment portfolio!

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10 years, 2 months ago 0
Posted in: General

Fall Southern Home & Garden Show

Stop by our booth this weekend at the Southern Home & Garden show at the Agricenter on Germantown Rd.  Show hours are 9-6 on Saturday and 11-6 on Sunday.  Also, Mark will be speaking about real estate investing on the main stage Sunday from 2:30 to 3:00.  Don’t miss it!

10 years, 2 months ago 0

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10 years, 2 months ago 0

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