$49,000

3 Beds   1 Bath   1,400 Sq. Ft.   Single-Family
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1st Ave
Memphis, TN 38109

Potential Profit
$60,676

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Status: Inactive
Listing ID: 61222701
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Learn about 1st Ave in Memphis, TN

This single-family property is available as a foreclosure at 1st Ave. It has 3 bedrooms, 1 bathrooms, and 1,400 square feet of living space. Based on our analysis of the current market conditions in Memphis for 1st Ave and comparable listings, the estimated market value is $99,263. The property located at single-family has potential equity of $60,676. If purchased for rental purposes, the monthly rental rate could range between $800 and $1,080. For those interested in resale, the estimated profit from selling is $60,676. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at 1st Ave are updated daily along with others in Memphis, Tennessee.


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Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 5% APR

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Interest
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Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependant on credit scores, loan timeline, and a down payment amount.

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Property Information

  • Price: $49,000
  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 1,400
  • Lot Size: 0.17 acres
  • Fireplace: no
  • Heating Type: Gas
  • Air Conditioning: Central A/C
  • Year Built: 1997
  • Source ID: 5015809711AUCN6
  • Day(s) On Site: 89
  • Subdivision: RIVERSIDE PARK
  • Property Type: Single Family Dwelling
  •  

Public Records

  • Bedrooms: 3
  • Baths: 1
  • Full Baths: 1
  • Rooms: 6
  • No. of Stories: 1
  • Exterior Wall Type: BRICK VENEER
  • Heating Fuel: GAS
  • Heating Type: CENTRAL
  • Roof Material: COMPOSITION SHINGLE
  • Roof Type: GABLE
  • Land Area Sqft: 7,500
  • Year Built: 1997
  • APN: 050-006--015
  • Property Type: Single Family Residence
  • Township: MEMPHIS
  • Front Footage: 50
  • Depth Footage: 150
  • Living Sqft: 1,000
  • Style: OLD
  • Subdivision: RIVERSIDE PARK

Community & Neighborhood

This property in Memphis, TN is located in the Riverside Park Subdivision.


Foreclosure

The property located at 1st Ave in Memphis, TN is listed as a Foreclosure

Properties like 1st Ave in Memphis, Tennessee listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house in Memphis, TN. The longer lenders own properties like this on 1st Ave, the more eager they become to sell, often at reduced prices.

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:

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Address: 1st Ave Memphis TN 38109

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Auction Information

  • Minimum Bid: $49,000

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Rental Value

The estimated rental value for 1st Ave located in Memphis, TN is $940/month. Comparable homes around 1st Ave that are rentals have monthly ranges starting as low as $800 per month and as high as $1,080 per month. An owner looking to use this property as an investment could bring a return in the area of $800 - $1,080 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

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Homes On This Street
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1st Ave
Memphis, TN 38109

3 Beds   1 Bath   1,400 sq. ft.   Single-Family

$49,000

Status: Inactive Listing ID: 61222701

Property Information

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Public Records

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Property Description

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Listing URL

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