STRANDPARK

2949 Valley Lake Dr, Bartlett, TN 38135

Great opportunity in Valley Lake Dr, Bartlett, TN.

This home consists of 4 bd/ 2 ba/ 2,741 sqft of living space on a 0.30 acre lot. Don’t miss out on this great opportunity!

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Investment and Property Details

At Strandpark Properties, we believe in creating win-win opportunities. By allowing our clients to sponsor rehab projects, we not only share the financial success but also foster a collaborative partnership. While we have the resources to fund these projects ourselves, we value the insights and involvement of our clients. This unique approach allows you to earn 42% return on your investment when the property is flipped, making it a lucrative opportunity for everyone involved. Explore our current deals and join us in transforming properties into profitable ventures.

Purchase price:

$250,000

After Repair Value:

$470,000

Investment Duration:

63 Days

Return on Investment:

42%

Rehab Cost

$48,000

Agreed Purchase Price:

The end buyer has agreed to purchase the property for $443,000 and has made a 20% non refundable deposit towards the ARV.

Security

Rock-solid, legally binding joint venture agreement guaranteeing your investment return and a 20% lien on the property.

StrandPark-properties-JV-contract-agreement-Download

Lead Contractor

John Baker

Property Details:

  • Size: 4 bedrooms, 2 bathrooms, 2,741 sqft
  • Lot: 0.30 acres
  • Year Built: 1995

Rehab Cost Estimate:

Kitchen (~$20,000):

  • Cabinets: Replace with white shaker-style cabinets.
  • Countertops: Install light quartz countertops.
  • Appliances: Replace with a stainless steel suite.
  • Sink & Faucet: Undermount sink with a new faucet.

Bathroom (~$14,000):

  • Full Renovation: New vanity, toilet, flooring, lighting, paint, and fixtures. Replace shower/tub.

Exterior (~$6,000):

  • Landscaping: Reseed lawn, add mulch, plant flowering shrubs, trim trees.

Interior (~$5,000):

  • Paint: Fresh paint throughout in neutral colors.
  • Lighting: Update fixtures in living room and bedrooms.
  • Window Treatments: Install new curtains or blinds.

Contingency (~$3,000):

  • Reserve Fund: For unexpected repairs or issues.

Total Estimated Rehab Cost:

$48,000