🏠 Assignment Opportunity – 2243 Lyon Ave, Memphis, TN 38108 (Single Family Home)
Assignment Price: $55,000 + CC
Estimated ARV: $95,000
Exit Strategy: Flip or Buy & Hold
💰 Rental Potential
- Projected Rent: $950/month (post-turnover)
📍 Property Details
- Address: 2243 Lyon Ave, Memphis, TN 38108
- Type: Single Family Home
- Year Built: 1927
- Square Footage (Building): 1,000 sq ft
- Square Footage (Land): 4,800 sq ft
- Beds / Baths: 2 Bed / 1 Bath (+ additional back room, unverified)
- Occupancy: Tenant Occupied (eviction in progress)
- Parking: Other
🛠 Rehab Overview
Scope:
- Seller reports property is turn key
- Flip may require additional cosmetic upgrades
- Can potentially be turned into a 3 bed property
Big Six (per current info):
- Roof: 3 years old
- Foundation: No known issues
- HVAC: 5 years old
- Electrical: No known issues
- Plumbing: No known issues
- Hot Water Heater: No known issues
🏡 ARV Comparables
- 2152 Clarksdale Ave, Memphis, TN 38108 – $112,000 | Flipped | 3/2 | Fully updated
📞 TEXT OR CALL BEVANS LLC FOR A SHOWING TODAY: (512) 713-0085
Property Sold As Is | EM D OF $2,500
DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.
