1283 East Raines Road

1283 East Raines Road

Memphis, TN 38116

$1,125,000
Price
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Beds
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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.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.
  1. Listed by Jeffrey Moore • Crye-Leike Commercial

Property Details for 1283 East Raines Road

Area
768A
MAAR Subdivision Name
WHITEHAVEN 1ST ADD
Legal Subdivision Name
WHITEHAVEN 1ST ADDN

Location

Listing Courtesy of Crye-Leike Commercial
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LISTING UPDATED: 05/06/2024 02:21 PM

Property Details for 1283 East Raines Road

StatusActive
MLS #10169238
Days on Market37
Taxes$6,142 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Building
Year Built1964
Lot Size0.50 AC / 21,700 SF
CountyShelby County

Location

Listing Courtesy of Crye-Leike Commercial
Add your commute

Building Information for 1283 East Raines Road

Stories2Residences16Year Built1964Building Size-Lot Size0.50 AC / 21,700 SF

Payment Calculator

$6,651 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,140

Property Taxes

$512

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1283 East Raines Road

Summary
Location and General Information
  • Address: 1283 E RAINES AVE
  • Address Search Number: 1283
  • Directions: Take Elvis Presley (S) to Raines. Go (E) on Raines to 1283 E. Raines.
  • Map Coordinate: A
  • MLS Map Num: Whitehaven/Southland Mall
Taxes and HOA Information
  • Hot Water: Electrical
  • LVT Date: 04-03-2024
  • Annual Insurance Expenses: $4,500
Property
Lot Information
  • Lot Size: 100X217
  • Lot Num: 5
  • Parcel ID: 079002 00006
Property and Assessments
  • Foundation: Slab
  • Percent Occupancy: 93
  • Service Type: Full Service Listing
Interior and Exterior Features
Exterior Features
  • Roof: Composition
Interior Features
  • Appliances / Equipment: Refrigerator, Range/Oven (Built-In), Dishwasher
  • Floors/Ceilings: Tile, Vinyl Floor
Multi Family
Multi-Family Information
  • Num of 1 Bedroom Units: 4
  • Num of 2 Bedroom Units: 12
  • Num of 3 Bedroom Units: 0
  • Num of Efficiency Studio Units: 0
  • Num of Buildings: 1
  • Num Other Units: 0
  • Annual Operating Expenses: $24,563
  • Assumption: No Assumption
  • Average Annual Utilities: $7,200
  • Construction: Brick, Brick/Veneer, Wood/Composition
  • Cooling Systems: Central
  • Existing Financing: Clear
  • Gross Potential Annl Rent: $153,540
  • Heating Systems: Central
  • Laundry: None
  • Operating Expenses: Insurance, Repairs/Maintenance, Some Utilities, Taxes
  • Parking Facility: Asphalt/Blacktop
  • Possession: Tenants Rights
  • Sale Includes: Building and Land
  • Source Of Info: Owner
  • Tenant Pays: Some Utilities
  • Type Units: 1 BR - 1 Bath, 2 BR - 1 Bath

Property History for 1283 East Raines Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1283 East Raines Road

Taxable ValueLand$9,760Additions$91,080Total$100,840
Tax Record2022$6,143 ($512 / month)
Home Facts
Baths1Total Finished SqFt14,216 SqFtAbove Grade Finished SqFt14,216 SqFtStories1Lot Size21,649 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningRU-3CountySHELBYAPN079-002- - -00006Fireplace TypeHas Fireplace

Schools near 1283 East Raines Road

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Robert R. Church Elementary School
Public - PK to 5
A. Maceo Walker Middle School
Public - 6 to 8
Hillcrest High School
Charter - 9 to 12
Freedom Preparatory Academy Charter Schools
Charter - 6 to 8
Rating
School
Distance
Robert R. Church Elementary School
PublicPK to 5

A. Maceo Walker Middle School
Public6 to 8

Hillcrest High School
Charter9 to 12

Freedom Preparatory Academy Charter Schools
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1283 East Raines Road, Memphis, TN 38116

1283 East Raines Road is a multi-family home for sale in Memphis, TN 38116. This property was listed for sale on April 2, 2024 by Crye-Leike Commercial, it's currently listed at $1,125,000. It has been on the market for a total of 37 days and was last sold on March 4, 2021. This listing's school districts are Shelby County Schools, Achievement School District. Nearby schools include Robert R. Church Elementary School, A. Maceo Walker Middle School and Hillcrest High School. 1283 East Raines Road is a 0-bed, 0-bath, multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Crye-Leike Commercial