Kenton, TN – Duplex 4/2 Great Flip or Rental Opp!

Contact Michael Ilhardt, Dispositions Manager!

mike@propertypulse.io    |    321-613-6474

>>> Google Drive Link with More Photos & Videos <<<

PROPERTY SUMMARY

• Type:  Duplex
• County:  Obion
• Beds:  4 (2 bed each unit)
• Baths:  2 (1 bath each unit)
• Living:  1,400 sf
• Lot:  10,920 sf
• Year:  1971
• Pool:  No
• Exterior:  Wood frame
• Flood Zone:  Yes, Zone A
• HOA:  No

CLOSING & ACCESS

• Closing:  7/2/25
• EMD:  $5,000
• Occupancy:  Vacant
• Access:  By Appointment Only (proof of funds required beforehand)

INVESTMENT SUMMARY

• Wholesale Price:  $29,000 +cc
• Potential ARV:  $130,000
• Gross Margin:  $101,000
• Potential Rent:  $650/month
• Estimated Rehab:  $30,000 – $40,000

REHAB SUMMARY

• Roof:  Metal and it looks good
• HVAC:  Duplex only has window unit per seller
• Plumbing:  No issues per seller
• Electrical: redo electrical under house which got water under it
• Exterior:  Some landscaping needed and fresh paint
• Interior:  Paint, kitchen and bathrooms, would keep it at a minimum because is not an area that needs a lot of renovation

SOLD COMPS

• 105-107 Crestview Dr (4/2, 1,736 sf, 1982 year) — Sold for $130,000 (12/10/2024) — As is

RENT COMPS

• 101 W Taylor St #2 (2/1, 709 sf, 1974 year) — Rent for $695/month
• 101 Volunteer Dr #103-A (2/1.5, 1,100 sf) — Rent for $625/month

MUST READ:

• $5,000-$10,000 Earnest Money Deposit (refundable ONLY if clear title cannot be conveyed).
• Buyer pays ALL closing costs. Closing MUST be with our escrow company.
• Cash or Private/Hard Money Only. NO financing contingencies.
• Walkthroughs by Appointment Only. DO NOT disturb occupants.
• Property sold AS-IS, No Contingencies. Conduct due diligence prior to assignment.
• Buyer must verify all information independently. We assume NO liability for accuracy.
• DO NOT contact the seller. Unauthorized contact will result in legal action.
• We are acting as a principal, not as a broker. NO representation is made to any party.
• This is an assignment of contract. A legally binding purchase contract and memorandum have been signed with the seller, giving our company exclusive rights to purchase this property.
• We DO NOT grant anyone permission to market this property without our approval. Realtors and Wholesalers – contact us directly.