Cordova, TN 38018 Sold

  • $275,000
  • 4 beds
  • 3 baths
  • 2,678 sqft
Sold

Hybrid Creative Deal in Cordova, TN (Memphis) 17 years into Mortgage, plus principal only pymt_ Neighborhood Lake.

PHOTOS & VIDEO: https://drive.google.com/drive/folders/1X5FhrkpRlaN50BoU8hq_-DHx4mrzXGTe

Hybrid Creative Deal in Cordova, TN 38108 (Memphis)

-17 years into Mortgage, plus principal only payments

-Access to private Neighborhood Lake

-4 bedrooms / 3.5 baths / 2,678 sqft and .34 acre built in 1974 large house on a big lot, really nice neighborhood

-Roof- 8-10 years or less

-HVAC- outside condensers need replaced, 2 units

-ARV $360,000

-Priced at $275,000

-Down payment $49,000

-Mortgage Balance : $126,000

-Approximate balance Payment Mortgage $1241.51 PITI interest rate 4.25%, loan originated 2007 (17 years ), 84 months balloon

-Seller Carry $100,000 $400/mo principal only ($33,600), 84 months balloon remaining is $66,400.

-HOA-$300/year

-Market Rent- $2400 or Lease with Option Rent $2650

Comps:

204 Ericson Rd, Cordova, TN 38018 5 bd 3ba2800 sqft Sold: $355,000 on 03/11/24 1

87 Leif Cv W, Memphis, TN 38018 4 bed 2.5 bath 2600 sqft Sold 3/2024 for 359,900

 

Closing with Apperson Crump

Lets Work! Call/ Text with questions or to schedule a walkthrough.

Equitable Interest

Price:
$275,000
Address:
Cordova (Memphis), TN 38018
Square Feet:
2,678
Lot Size:
0.34 Acres
Bedrooms:
4
Bathrooms:
3
Terms:
Owner Finance
Property Type:
Home
Year Built:
1974

Call (702) 213-9696 for more details

Let's Chat:
(702) 213-9696