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3160 SPOTTSWOOD AVE Memphis, TN 38111
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Key Details
Sold Price $275,000
Property Type Multi-Family
Sub Type Apartment Building
Listing Status Sold
Purchase Type For Sale
Square Footage 8,904 sqft
Price per Sqft $30
Subdivision Spottswood
MLS Listing ID 10208774
Sold Date 04/17/26
Year Built 1920
Annual Tax Amount $5,332
Property Sub-Type Apartment Building
Property Description
PLEASE READ ENTIRE DESCRIPTION. Awesome chance to convert to student housing for Univ. of Memphis! The area is booming right now and this type of unit is very rare. New septic in2022; various ext./int. repairs, including unit turns! Utility billback in place on existing leases. Large attic and basement for possible expansion into nice units. Front building has 4 units and rear building has 2 units. Units 1 & 2 have been combined into one large 3/2 unit, but can be split into a 2/1 and 1/1 for 7 units. Unit 6 is occupied for $850 MTM. Fixed up, this place should be bringing in $72,000+/year (+charged utilities on top) and can push over $100k with attic/basement conversions! No assignments/wholesalers. NO seller-financing.
Location
State TN
County Shelby
Area Pendleton/Park
Interior
Heating Central, Other (See Remarks)
Cooling 1 Window Unit per Unit, 2+ Window Units per Unit, Central
Flooring Hardwood Throughout, Other (See Remarks), Tile, Vinyl Floor
Laundry Connections
Exterior
Parking Features Asphalt/Blacktop
Roof Type Pitched,Shingle/Shake
Building
Story 2
Foundation Conventional/Crawl Space, Full Basement
Water Gas, Public Sewer, Public Water
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Samantha Wallace • REMAX Experts
NEARBY SCHOOLS & BUSINESSES
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