3160 SPOTTSWOOD AVE

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! Â 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 and is rented as such right now, but can be split into a 2/1 and 1/1 for 7 units. 2/6 units occupied, bringing in $2145(rents)+$350(utilities)/month. 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.