2545 SPOTTSWOOD AVE, Memphis, TN 38114
MELROSE S/D BLK PT 9 · Shelby County
Key Facts
Description
Turnkey cash flowing investment opportunity. Generating $1,000 per month with lease in place until 4/2027. Annual gross income 12,000 offering approximately 12.6 percent gross yield at current list price. Fully renovated. New A/C and Furnace. Low maintenance asset positioned for immediate return.Perfect for DSCR LOAN Option or Cash Buyer. Owner Financing Available ***DO NOT DISTURB TENANT*** Sold As-is.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Traditional
Year Built
1915
Stories
1
Living Area
747 sq ft
Lot Size
0.06 acres
Days on Market
16
MLS® Listing#
10219793
Property Features
- Exterior:
- Storage
- Cooling:
- Central Air
- Heating:
- Central
- Flooring:
- Laminate, Wood
- Pool:
- None
- Parking:
- Driveway
- Laundry:
- Washer Hookup
- Lot Features:
- Level
- Windows:
- Aluminum Frames
- Other Structures:
- Storage
HOA & Tax
- Annual Tax:
- $1,040
- Parcel #:
- 029060 00006
Directions
From Elvis Presley , make a right on E Person Ave, Turn Left on Rozelle, Turn Right on S Parkway E , Stay on there , continue to Spottswood
Affordability Calculator
$18,400
Estimated monthly payment
$490/mo
Principal $73,600 · Est. interest $102,679 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Memphis, TN
- 74
- Median Days on Market
- 1,437
- Median Sq Ft
- $125
- Median Price / Sq Ft
- 2,968
- Active Listings
- Its price per sq ft is 1% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Memphis, TN.
Location
- 2545 SPOTTSWOOD AVE, Memphis, TN 38114
Nearby Schools
Aspire Hanley
School · 0.1 mi away
Hanley Elementary School
Elementary · 0.1 mi away
Dunbar Elementary
Elementary · 0.5 mi away
The Lord's Tabernacle Christian Academy
School · 0.7 mi away
Fairview Middle School
School · 0.8 mi away
Middle College High School
Secondary School · 0.8 mi away
Melrose High School
Secondary · 0.8 mi away
Arrow Academy of Excellence
School · 0.9 mi away
Peabody Elementary School
Elementary · 1.0 mi away
Bethel Grove Elementary School
Elementary · 1.1 mi away
Memphis City Schools Risk Management
School · 1.1 mi away
Shelby County School
School · 1.1 mi away
Compass Community School Orange Mound Campus
Elementary · 1.2 mi away
St John Catholic School
School · 1.2 mi away
Magnolia Elementary School
Elementary · 1.2 mi away
Messick Adult Center
School · 1.3 mi away
Lenox School
School · 1.3 mi away
Kipp Memphis Collegiate Schools
Secondary · 1.5 mi away
Cherokee Elementary School
Elementary · 1.7 mi away
Idlewild Elementary
Elementary · 1.7 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Memphis
Listing Courtesy: The Home Partners Realty - 9013056047