3160 SPOTTSWOOD AVE Memphis, TN ^$ 600,000

3160 SPOTTSWOOD AVE

^$ 600,000

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3160 SPOTTSWOOD AVE

Memphis, TN, 38111

^$ 600,000

Bedrooms9 Baths6.0

Monthly Estimate*

^$ 4,191

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Multi-Family Home for sale in Memphis, TN

for $600,000 with 9 bedrooms and 6 full baths. This home was built in 1920.

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

Multi-Family Active

Price

^$ 600,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 4,932

Style

Year Built

1920

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10167380

Features

General

Roof Shingle/Shake Pitched

Zoning RU-1

Construction Wood/Composition Stone

Status Active Active

Legal Subdivision Name SPOTTSWOOD

Stories 2

Class Multi-Family

Laundry Y/N Connections

Type Other (See REMARKS)

Area 757B Pendleton/Park

Year Built 1920

City Memphis

Exterior

Foundation Conventional/Crawl Space Full Basement Unfinished Basement

Number of Buildings 2

Lot Size 115/110X205

Parking Facility Asphalt/Blacktop

Interior

Hot Water Gas Public Water Public Sewer

* Excluded Features

List By

Memphis Metro Realty

Broker

Affordability Calculator

$4,602

Per Month

Monthly Principal & Interest: $4,191
Monthly Property Taxes: $411
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Memphis, TN

Average List Price ^$373,259

Percent of Sale Price 38%

About Memphis, TN

651,785 Population

-6% Since 2002

^$38,338 Median Income

35.39 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

460623 Elementary School

460624 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/22/2024	$600,000	-4.00%	Price Down
3/7/2024	$625,000		Listed Price

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3160 SPOTTSWOOD AVE, Memphis, TN, 38111 is a Multi-Family Home for sale at $600,000. 3160 SPOTTSWOOD AVE has 9 bedrooms, 6.0 baths, and was built in 1920. The property's zip code is 38111 which is in Memphis, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Some or all of the listings displayed may not belong to the firm whose website is being visited.

The information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing.

Data is updated as of 4/18/2024.

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3160 SPOTTSWOOD AVE

Multi-Family Home for sale in Memphis, TN

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