3160 Spottswood Avenue

3160 Spottswood Avenue

Memphis, TN 38111

$575,000
Price
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a view of a house with a patio
an aerial view of a house with a yard and large trees
an aerial view of a house with a yard and large tree
an aerial view of a house with a yard basket ball court and outdoor seating
an aerial view of a house with a yard
a view of a house with wooden walls and a small yard
a front view of a house with a road
a view of a house with a patio
a front view of a house with a parking space
a view of a house with backyard
a view of a house with a small wooden stairs
a view of entryway with wooden floor
a view of hallway with a window and wooden floor
a view of a livingroom with a hardwood floor and a ceiling fan
a view of an empty room with wooden floor and a window
a view of a livingroom with wooden floor and a fireplace
an empty room with wooden floor a ceiling fan and windows
a kitchen with a refrigerator a sink and dishwasher
a bathroom with a sink and a mirror
an aerial view of a house with a yard and a large tree
a view of entryway
a view of an empty room with wooden floor
a view of a garage
a view of road with houses
a car parked on the side of the road

Description

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/wholesalersEXCELLENT 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
  1. Listed by Randall Weatherall • Memphis Metro Realty

Property Details for 3160 Spottswood Avenue

Area
757B
MAAR Subdivision Name
SPOTTSWOOD
Legal Subdivision Name
SPOTTSWOOD

Location

Listing Courtesy of Memphis Metro Realty
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LISTING UPDATED: 04/30/2024 11:40 AM

Property Details for 3160 Spottswood Avenue

StatusActive
MLS #10167380
Days on Market61
Taxes$4,932 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Other (See REMARKS)
Year Built1920
Lot Size59.53 AC / 2,593,250 SF
CountyShelby County

Location

Listing Courtesy of Memphis Metro Realty
Add your commute

Building Information for 3160 Spottswood Avenue

Stories2Residences6Year Built1920Building Size-Lot Size59.53 AC / 2,593,250 SF

Payment Calculator

$3,549 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,138

Property Taxes

$411

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3160 Spottswood Avenue

Summary
Location and General Information
  • Address: 3160 SPOTTSWOOD AVE
  • Address Search Number: 3160
  • Directions: Driving E on Poplar Ave, take a right onto S Highland St. Take another right onto Spottswood Ave., and the units will be on the right.
  • Map Coordinate: B
  • MLS Map Num: Pendleton/Park
Taxes and HOA Information
  • Hot Water: Gas, Public Water, Public Sewer
  • LVT Date: 03-07-2024
Property
Lot Information
  • Lot Size: 115/110X205
  • Lot Num: 5
  • Parcel ID: 045088 00032
  • Zoning: RU-1
Property and Assessments
  • Foundation: Conventional/Crawl Space, Full Basement, Unfinished Basement
  • Percent Occupancy: 83
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Shingle/Shake, Pitched
Interior Features
  • Floors/Ceilings: Hardwood Throughout, Tile, Vinyl Floor, Other (See Remarks)
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 2
  • Num of 2 Bedroom Units: 2
  • Num of 3 Bedroom Units: 1
  • Num of Efficiency Studio Units: 1
  • Num of Buildings: 2
  • Num Other Units: 0
  • Annual Misc Income: $9,000
  • Assumption: No Assumption
  • Construction: Wood/Composition, Stone
  • Cooling Systems: Central, 1 Window Unit per Unit, 2+ Window Units per Unit
  • Existing Financing: Conventional Fixed
  • Gross Potential Annl Rent: $72,000
  • Heating Systems: Central, Other (See Remarks)
  • Improved Sqft: 8904
  • Land Sqft: 22550
  • Laundry: Connections
  • Operating Expenses: Management, Insurance, Some Utilities, Repairs/Maintenance, Taxes
  • Parking Facility: Asphalt/Blacktop
  • Possession: Tenants Rights
  • Sale Includes: Building and Land
  • Source Of Info: Owner, Current Records, Leases, Rent Roll, P/L Statement
  • Tenant Pays: Some Utilities
  • Type Units: Efficiency/Studio, 1 BR - 1 Bath, 2 BR - 1 Bath, 3 BR - 1 Bath

Property History for 3160 Spottswood Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3160 Spottswood Avenue

Taxable ValueLand$22,560Additions$58,400Total$80,960
Tax Record2022$4,932 ($411 / month)
Home Facts
Baths2Total Finished SqFt7,134 SqFtAbove Grade Finished SqFt7,134 SqFtStories1Lot Size22,521 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningRU-1CountySHELBYAPN045-088- - -00032Fireplace TypeHas Fireplace

Schools near 3160 Spottswood Avenue

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Arrow Academy Of Excellence
Charter - K to 5
Journey Hanley Middle School
Charter - 6 to 8
Melrose High School
Public - 9 to 12
Sherwood Middle School
Public - 6 to 8
Rating
School
Distance
Arrow Academy Of Excellence
CharterK to 5

Journey Hanley Middle School
Charter6 to 8

Melrose High School
Public9 to 12

Sherwood Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3160 Spottswood Avenue, Memphis, TN 38111

3160 Spottswood Avenue is a multi-family home for sale in Memphis, TN 38111. This property was listed for sale on March 7, 2024 by Memphis Metro Realty, it's currently listed at $575,000. It has been on the market for a total of 61 days and was last sold on April 25, 2022. This listing's school districts are Shelby County Schools, Achievement School District. Nearby schools include Arrow Academy Of Excellence, Journey Hanley Middle School and Melrose High School. 3160 Spottswood Avenue is a 0-bed, 0-bath, multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Memphis Metro Realty