3687 Spottswood Ave
Memphis, TN 38111
Sold
Exclusive
List Price
$310,000
Initial Investment
$84,475Features
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
Annual Financial Highlights
Expected Rent
$28,500Expenses
-$6,603Property Taxes
-$4,300Loan Payments
-$13,320Net Cash Flow
$4,277See 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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