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1283 E Raines Ave , #16

Memphis, TN 38116
  • $1,175,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 10169238
$1,175,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Description

This 16 unit building is located just south of the Graceland area of Whitehaven. It has been fully renovated. There are 12-2br's and 4-1br's . The scheduled monthly income is 12795/mo. Drive by only. Please do not disturb tenants.

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© 2024 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 Gowen Property Group | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2024-04-04T00:03:56.823.
www.gowenpropertygroup.com/homes/149149820
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1283 E Raines Ave , #16 Memphis, TN 38116

  • Price: $1,175,000
  • Status: Active
  • On Site: 12 Days
  • MLS #: 10169238
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1964
Built
Neighborhood:
WHITEHAVEN 1ST ADD
County:
Shelby
Area:
Whitehaven/Southland Mall
Property Description
This 16 unit building is located just south of the Graceland area of Whitehaven. It has been fully renovated. There are 12-2br's and 4-1br's . The scheduled monthly income is 12795/mo. Drive by only. Please do not disturb tenants.
Exterior Features

Buildings 1 Construction BrickBrick/VeneerWood/Composition Foundation Slab Lot Size 100X217 Parking Facility Asphalt/Blacktop Roof Composition

Interior Features

Appliances Equipment DishwasherRange/Oven (Built-In)Refrigerator Cooling Systems Central Floors And Ceilings TileVinyl Floor Heating Systems Central Hot Water Electrical Laundry None

Property Features

1 Bedroom Units 4 2 Bedroom Units 12 3 Bedroom Units 0 Actual Annual Rent 153540 Annual City Tax 2724 Annual County Tax 3418 Annual Insurance Expenses 4500 Annual Operating Expenses 24563 Assumption No Assumption Average Annual Utilities 7200 Contingency Type No Contingency Efficiency Studio Units 0 Existing Financing Clear Gross Potential Annual Rent 153540 Legal Subdivision Name WHITEHAVEN 1ST ADDN Lot Number 5 Multifamily Type Apartment Building New Financing Conventional Operating Expenses InsuranceRepairs/MaintenanceSome UtilitiesTaxes Other Units 0 Percent Occupancy 93 Possession Tenants Rights Sale Includes Building and Land Source Of Info Owner Tenant Pays Some Utilities Type Of Leases Year Type Of Units 1 BR - 1 Bath2 BR - 1 Bath

Listing information © 2024 Memphis Area Association of REALTORS®.
Listing provided courtesy of Crye-Leike Commercial: 901-758-5670.



© 2024 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 Gowen Property Group | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2024-04-04T00:03:56.823.
 
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Gowen Property Group | Keller Williams Realty
5847 Getwell Rd, Bldg B1
Southhaven MS, 38672