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3636 Spottswood Ave , #1

Memphis, TN 38111
  • $2,750,000
  • STATUS: Active
  • ON SITE: 109 Days
  • MLS #: 10202371
UPDATED: 84 min ago
$2,750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1967
County:
Area:

School Ratings & Info

Description

Imperial Arms majority owner selling 28 units as a package deal. Taxes & sq ftg represent Unit #1 in the 3636 Bldg. 3636 Bldg includes 15 units, 3640 Bldg includes 4 units & 3646 Bldg includes 9 units. Total of 28 units = (2) 3 BR, (25) 2 BR & (1) 1 BR units. HOA fees offset all owner's insurance & grounds maintenance expenses. This listing is under one property address. Roof 5 years old. The property is located walking distance to U of M campus & The Blue Line Shuttle stops at the condo bldg. This property is located in the U of M Master growth plan area. Photos w/furnishings are digitally staged & representative of a typical unit. Do Not Disturb Tenants.

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© 2025 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-11-17T00:03:12.423.
www.redsearealtyco.com/homes/166409451
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3636 Spottswood Ave , #1 Memphis, TN 38111

  • Price: $2,750,000
  • Status: Active
  • On Site: 109 Days
  • Updated: 84 min ago
  • MLS #: 10202371
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1967
Built
Neighborhood:
Imperial Arms Condominiums
County:
Shelby
Area:
Getwell/Park
Property Description
Imperial Arms majority owner selling 28 units as a package deal. Taxes & sq ftg represent Unit #1 in the 3636 Bldg. 3636 Bldg includes 15 units, 3640 Bldg includes 4 units & 3646 Bldg includes 9 units. Total of 28 units = (2) 3 BR, (25) 2 BR & (1) 1 BR units. HOA fees offset all owner's insurance & grounds maintenance expenses. This listing is under one property address. Roof 5 years old. The property is located walking distance to U of M campus & The Blue Line Shuttle stops at the condo bldg. This property is located in the U of M Master growth plan area. Photos w/furnishings are digitally staged & representative of a typical unit. Do Not Disturb Tenants.
Exterior Features

Buildings 4 Construction BrickWood/Composition Foundation Laundry FacilitySlab Lot Size 1285 Misc Exterior Chain FenceCurbs/GuttersPartically FencedPole SignSecurity LightingSidewalksSome Landscaping Parking Facility Asphalt/Blacktop Roof Other (See REMARKS)

Interior Features

Appliances Equipment DishwasherDisposalRange/Oven (Built-In)Refrigerator Cooling Systems CentralIndividual Cooling Floors And Ceilings Vinyl Floor Heating Systems CentralIndividual Systems Hot Water Individual SystemPublic SewerPublic Water Laundry Common LaundryEquipment Leased

Property Features

1 Bedroom Units 1 2 Bedroom Units 25 3 Bedroom Units 2 Actual Annual Rent 303252 Amenities Other (See REMARKS)Security System Annual City Tax 736 Annual County Tax 781 Annual Insurance Expenses 19949 Annual Land Lease Payment 0 Annual Misc Income 7000 Annual Operating Expenses 129000 Assumption Other (Call LA) Efficiency Studio Units 0 Existing Financing Conventional FixedOther (See REMARKS) Gross Potential Annual Rent 317040 Legal Subdivision Name IMPERIAL ARMS CONDO Lot Number UNIT 1* Multifamily Type Other (See REMARKS) New Financing ConventionalOther (Call LA) Operating Expenses InsuranceManagementPest ControlRepairs/MaintenanceTaxesTrash Collection Other Units 0 Percent Occupancy 92 Possession At ClosingOther (Call LA)Tenants Rights Sale Includes Building OnlySome Appliances Source Of Info Current RecordsOwnerRent Roll Tenant Pays All UtilitiesPet DepostSecurity Deposit Type Of Leases Year Type Of Units 2 BR - 1 BathUnfurnished Zoning RU-3

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike, Inc., REALTORS: 901-766-9004.



© 2025 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-11-17T00:03:12.423.
 
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