1283 E Raines Rd - Apartments FOR SALE


Memphis, TN 38116- Whitehaven
$1,186,000 USD
901-277-0477
1283 E Raines Rd, Memphis, TN for Sale
$1,186,000 USD
Apartments - FOR SALE
1/31
null | 8.46% Cap Rate

1283 E Raines Rd
Memphis, TN 38116
Whitehaven


HIGHLIGHTS

  • Central Heating & Air
  • Refrigerators and Stoves
  • Near Airport, FedEx, UPS and Graceland

OVERVIEW

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 each unit. 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.

FOR SALE DETAILS

PRICE

$1,186,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

16

PRICE/UNIT

$74,125

CAP RATE

8.46%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,666 SF

ZONING

RU-3

APN/PARCEL ID

07-9002-0-0006

ASK ABOUT THIS PROPERTY

Jeffrey MooreCrye-Leike CommercialMore Info
901-277-0477

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Jeffrey MooreCrye-Leike CommercialMore Info
901-277-0477

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.