28-Unit Apartment Building
For Sale
$2,250,000
1-3636 Spottswood Ave, Memphis, TN 38114
Three-building condo package with every unit leased and shuttle service stopping at the property.
Property Size916 SF
Price / SF$2,456
Days on Market27
Property Features for 1-3636 Spottswood Ave
General Information
Standard status
Active
Size
916 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 3BR, 25 x 2BR, 1 x 1BR
Multifamily Units
28
Additional Details
Public Transit
Yes
Building Details
Buildings
3
Listing Agency:
Crye-Leike, Inc., REALTORS
(901) 481-6420
Listed By:
Stacey Berry
(901) 481-6420
Source:
Exprealty
Added: Jul 28
Changed: Aug 21
Last Checked: Aug 23 at 4:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crye-Leike, Inc., REALTORS
Investment Insights
Based on property information with market context.
This apartment property comprises a 28-unit condo package across three buildings. The unit mix includes two 3-bedroom units, 25 two-bedroom units, and one 1-bedroom unit. Building distribution is 15 units in 3636, four units in 3640, and nine units in 3646. The property is offered under one address, and all units are currently leased. The roof is approximately six years old.
The property is within walking distance of the University of Memphis campus, and the Blue Line Shuttle stops at the condo property. HOA fees offset the owner's insurance and grounds maintenance expenses. The 916-square-foot figure in the record applies to Unit #1 in the 3636 building.
The property is within walking distance of the University of Memphis campus, and the Blue Line Shuttle stops at the condo property. HOA fees offset the owner's insurance and grounds maintenance expenses. The 916-square-foot figure in the record applies to Unit #1 in the 3636 building.
Key Highlights
- 28 total units across three buildings
- Unit mix: (2) 3 BR, (25) 2 BR, and (1) 1 BR
- Building distribution: 15 units at 3636, 4 at 3640, and 9 at 3646
Property Analytics
Property Profile
Current Use
Lease Details
28
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 38114, TN
23,559
Population
12,252
Households
1.9
Avg Household Size
38
Median Age
14%
College-Educated
82%
High-School Grad
7.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$32,080
Median Household Income
$28,570
Median Earnings
$897
Median Rent
$79,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-building condo package with every unit leased and shuttle service stopping at the property.
Where is this apartment building located?
The property is located at 1-3636 Spottswood Ave Memphis, TN.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 28 total units across three buildings; Unit mix: (2) 3 BR, (25) 2 BR, and (1) 1 BR; Building distribution: 15 units at 3636, 4 at 3640, and 9 at 3646
