Matt Morgan
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196 APPLEVILLE CV, Memphis, TN 38109

Sold: $65,000
Sold on: Jul 31st, 2026
Sold: $65,000
Sold on: Jul 31st, 2026
BEDS4 BATHS1 full 1 partial MLS#10226741
STATUSClosed PROPERTY TYPEResidential - Single Family


Property Description

This property is a prime candidate for a delayed BRRRR strategy. Acquire this asset at an aggressive price point and capitalize on the built-in equity. With a total project basis of $110,000 and an ARV of $155,000, this deal provides an estimated $45,000 in forced appreciation once the renovation is complete. Benefit from consistent, low-maintenance income while you finalize your renovation plans. This asset allows you to hold for cash flow today and pivot to a high-equity exit or refinance strategy in early 2027, right as we enter peak rental season.

Property Features

Cooling: Central
Days on Market: 20
Heating: Central
Lot Size: 0.17 Acres
Year Built: 1971

Feature Descriptions

Bed and Bath: All Bedrooms Down
Exterior/ Windows: Brick Veneer
Living/ Dining Room: Separate Living Room
Lot: Level
Parking/ Storage: Driveway/Pad
Total Rooms: 7

Listed By / Sold By

Listed By

Agency Name: Advantage Property Management

Shown By

Agent Name: Matt Morgan
Agent Phone: (901) 605-1071
Agency Title: Crye-Leike Real Estate Services

Sold By

Agency Name: Advantage Property Management
Agency Phone: 901-347-3148
Agent Name: Sherry Roberts

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