3687 Spottswood Ave

Memphis, TN 38111
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6 bd, 4 ba | 2,736 sqft | Built in 1990

Sold

Exclusive

List Price
$310,000

Initial Investment

$84,475
Pre-approval letter or proof of funds required.
Features

Occupancy

Occupied

Lease Start

05/30/2021

Lease End

05/31/2023

Property Type

Duplex

Lot Size

8,420

HOA

None

Flood Risk

Not Required

  • Both units are currently occupied
  • Get more insight into this market here
  • Located across from highly desired University of Memphis
  • Two (2) 3-bedroom / 2-Bath Duplex Units
  • Great Student Housing (3-students per unit; 6 students total)
See more in Analysis

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Annual Financial Highlights

Expected Rent

$28,500

Expenses

-$6,603

Property Taxes

-$4,300

Loan Payments

-$13,320

Net Cash Flow

$4,277

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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