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Aaron Edwards

aaron@memphisrealtypros.com +1(901) 219-5084

$80,000

Est. payment - /mo

2 Beds

1 Bath

0.32 Acres Lot

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Key Details

Property Type Single Family Home

Sub Type Detached Single Family

Listing Status Active

Purchase Type For Sale

Subdivision Cleaves

MLS Listing ID 10207427

Style Bungalow

Bedrooms 2

Full Baths 1

Year Built 1922

Annual Tax Amount $540

Lot Size 0.320 Acres

Property Sub-Type Detached Single Family

Property Description

Welcome to this prime investment opportunity located on an expansive one-third acre+ corner lot. The property currently features a two-bedroom, one-bath bungalow that offers the option to either fully renovate and restore or to redevelop the site entirely. Zoning variance and initial plan approvals are already in place for the construction of a four-plex multifamily residential building. The approved concept includes four units, each approximately 1,000 square feet, with three bedrooms and two baths per unit. The next phase of development will include a property survey and full architectural plans, after which pricing will be adjusted to reflect progress and value added to the project. Secure your equity now by purchasing at this early stage and complete the build yourself to maximize returns. With utilities already accessible on site, city approvals made, and a MFR complex proposed for the neighboring lot, this property is positioned perfectly for a cash flowing development.

Location

State TN

County Shelby

Area Overton Park

Rooms

Master Bedroom 0

Dining Room 0

Kitchen Separate Living Room

Interior

Heating Wall Unit

Cooling No Cooling

Flooring Hardwood Throughout

Fireplaces Number 1

Exterior

Exterior Feature Wood Window(s)

Parking Features Driveway/Pad

Pool None

Private Pool Yes

Building

Lot Description Level, Some Trees

Story 1

Others

Miscellaneous Porch

Virtual Tour https://youtu.be/GPrqW1_Fbos

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Listed by Michael T Valenza • eXp Realty, LLC

Nearby Locations

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Aaron Edwards

+1(901) 219-5084

Real Estate Professional License ID: 00324359

2601 JACKSON AVE Memphis, TN 38108

Aaron Edwards

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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2601 JACKSON AVE