$1 NO RESERVE!


FIX IT UP AND RENT IT OUT FOR MONTHLY CASHFLOW!  STOP GETTING KICKED IN THE GUT BY THE STOCK MARKET AND START MAKING SOME REAL MONEY!!

Item Description
Another great opportunity!

1040 Ayers Street, Memphis, TN 38107
  • 3 Bedrooms
  • 1 Bath
  •  1428 Sq. Ft.
  • 6 Rooms Total
  • Single Family Residence
  • Built in 1925
  • Lot Size - 8,407 sq. ft. / .19 Acres
  • Parcel # 021001 00031

*The Estimated Value from Homes.com is $49,600.00.

*The Estimated Value from Zillow is $46,000.00.

*The Estimated Rent for this property is $550.00-$650.00.







IF YOU ARE LOOKING TO REHAB AND RENT THIS PROPERTY, HERE IS AN EXAMPLE OF THE CASH FLOW YOU COULD POTENTIALLY MAKE: PLEASE NOTE, THESE ARE ESTIMATED FIGURES AND IN NO WAY REPRESENT THIS ACTUAL PROPERTY.





There are so many possibilities! By purchasing at such a low price, you have many options available to you. You can:
  • Flip it for quick cash to another investor!
  • Flip it for quick cash to a local handyman!
  • Renovate it and rent it out for cashflow!
  • Buldoze it and build a brand new house!
Shipping Details
Once the auction has closed, we will email the winning bidder with instructions for payment and contract/deed information within 24 hours of auction end.  We accept wire transfer, paypal (credit card) or certified check.  Once payment is received in full, we will start the deeding process and send you a copy.  Once the deed is drafted, processed, and recorded, we will mail you the original.  You do not have to record the deed yourself.  The winning bid is for the FULL PURCHASE PRICE, not a down payment.
Payment Details

This is a CASH sale of the full purchase price of this home. Buyer agrees to accept this property in its current as-is condition. Any potential purchaser should do his or her own due diligence PRIOR to bidding. The buyer is responsible for determining the current market value. It was bought as-is where-is, no disclosure, no guarantees, no survey, or inspections and we are selling it the same way. We have limited knowledge about the properties current condition. I have neer been to the property. Any delinquent taxes, code violations, etc. are the responsibility of the buyer.

You will need to include $495.00 to the winning amount to cover the preparation and drafting of the deed and documents for this sale, and also a 7% Buyers Premium ($100 minimum) to cover the cost of this auction. A Quit Claim Deed will be issued to the buyer.

 TOTAL DUE = BID AMOUNT + 7% of the Winning Bid + $495 DEED PREPARATION FEE

Additional Information

IF NO PAYMENT IS RECEIVED WITHIN 48 HRS, BIDDER WILL BE CONSIDERED A NPB (Non-Paying Bidder) AND WILL BE REPORTED TO BID4ASSETS, ALONG WITH MEDIATION. PAYMENT MUST BE RECEIVED WITHIN 48 HOURS AFTER CLOSE OF THE AUCTION.

These properties are for sale in "AS-IS" condition at the time of closing, including any hidden defects of any nature, liens, judgements, delinquent taxes, water bills, known or unknown, with no representations, warranties or guarantees whatsoever, expressed or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets.  No statements anywhere, whether expressed or implied, shall be deemed a warranty or representation by the Seller regarding the asset.  All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.  All buyers are deemed to have relied entirely on their own information, judgments, and inspections of the assets in making the decision to purchase the asset.