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+19018339734
Legendary Realty
3160 Spottswood Ave, Memphis, TN 38111
- $275,000
- Sold Price
- $275,000
- List Price
- $450,000
- Closing Date
- Apr 17, 2026
- MLS#
- 10208774
- Property Type
- Multifamily
- Lot Size
- 115/110X205
- Status
- CLOSED
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.
Additional Information
- Annual City Tax
- 2587
- Annual County Tax
- 2745
- Construction
- Stone, Wood/Composition
- Foundation
- Conventional/Crawl Space, Full Basement
- Hot Water
- Gas, Public Sewer, Public Water
- Legal Subdivision
- Spottswood
- Lot
- 5
- Lot Size
- 115/110X205
- New Financing
- Conventional
- Parking Facility
- Asphalt/Blacktop
- Roof
- Pitched, Shingle/Shake
- Stories
- 2
- Subdivision
- SPOTTSWOOD
- Subtype
- Apartment Building
- Tenant Pays
- Some Utilities
- Year Built
- 1920
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Listing courtesy of Memphis Metro Realty. Selling Office: REMAX Experts.
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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.