1283 E Raines Ave, Memphis, TN 38116
- $1,236,000
- List Price
- $1,236,000
- MLS#
- 10221886
- Property Type
- Multifamily
- Lot Size
- 100X217
- Status
- ACTIVE
Property Description
1283 E. Raines is a 16-unit opportunity featuring 12 two-bedroom units and 4 one-bedroom units. The property offers central heating and air along with stoves and refrigerators in units. Conveniently situated just minutes from FedEx, UPS, the Memphis International Airport, and Graceland, the location benefits from strong employment drivers and steady rental demand. The scheduled monthly rents are 12895/mo. Please do not disturb residents, drive by only.
Additional Information
- Actual Annual Rent
- 131529
- Annual City Tax
- 9397
- Annual County Tax
- 9795
- Annual Insurance Expense
- 8300
- Construction
- Brick/Veneer, Wood/Composition
- Foundation
- Slab
- Hot Water
- Electrical
- Legal Subdivision
- Whitehaven 1st Addn
- Lot
- 5
- Lot Size
- 100X217
- New Financing
- Conventional
- Occupancy
- 75
- Parking Facility
- Asphalt/Blacktop
- Roof
- Composition
- Stories
- 2
- Subdivision
- WHITEHAVEN 1ST ADD
- Subtype
- Apartment Building
- Tenant Pays
- Some Utilities
- Year Built
- 1964
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Listing courtesy of Crye-Leike Commercial.
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