3160 SPOTTSWOOD AVE, Memphis, TN, 38111, US
$575,000
Active
Specification
| Type | Other (See REMARKS) |
| MLS # | 10167380 |
| Total floors | 2 |
| Heating | Central |
| Parking | Asphalt/Blacktop |
| Publication date | Apr 30, 2024 |
| Lot size | 115 acres |
| Living Area | 8904 sqft |
| Subdivision | SPOTTSWOOD |
| Year built | 1920 |
Updated: Apr 30, 2024
EXCELLENT opportunity to own a small MFU by the U of M! The area is booming right now and this type of unit is very rare. New septic in 2022; various ext./int. repairs, including unit turns last year. Utility billback in place at $750/month (would be 875 with all units occupied). Large attic and basement for possible expansion - more units=more money! 5/6 units occupied, bringing in $4765+$750(utilities)/month with the vacant being marketed for $850. Possible upside. No assignments/wholesalers
Valuation
| Gross Rental Income | $72,000 |
EXCELLENT opportunity to own a small MFU by the U of M! The area is booming right now and this type of unit is very rare. New septic in 2022; various ext./int. repairs, including unit turns last year. Utility billback in place at $750/month (would be 875 with all units occupied). Large attic and basement for possible expansion - more units=more money! 5/6 units occupied, bringing in $4765+$750(utilities)/month with the vacant being marketed for $850. Possible upside. No assignments/wholesalers Read more
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