1283 E Raines Ave, Memphis, TN 38116
About this home
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Around this home
Provided by Walk Score and Local Logic
Property details
- Interior
- Exterior
- Finance
- Interior features
- Wood laminate floors
- Two-story building
- Bedrooms
- Four 1-bedroom units
- Twelve 2-bedroom units
- Bathrooms
- 1 bathroom in 1‑bedroom units
- 1 bathroom in 2‑bedroom units
- Kitchen
- Refrigerator
- Built-in range/oven
- Dishwasher
- Laundry & utility
- No on-site laundry specified
- Flooring
- Wood laminate
- Heating & cooling
- Central heating
- Central cooling
- Electric hot water
- Exterior features
- Asphalt/blacktop parking
- Home design
- Apartment building
- One building on site
- Built in 1964
- Parking
- Asphalt/blacktop parking area
- Construction
- Brick veneer and wood/composition exterior
- Slab foundation
- Composition roof
- Utilities
- Electric hot water
- Central heating and cooling
- Financial info
- Total of 16 units with 75% occupancy
- Gross potential annual rent: $166,080
- Actual annual rent: $131,529
- Average annual utilities: $3,600
- Annual insurance expense: $8,300
- Operating expenses include insurance, management, repairs/maintenance, some utilities, and taxes
- New financing available: Conventional
- Existing financing: Conventional adjustable
- Other
- Leases are yearly; tenants pay some utilities
- Leasable area listed as 14,216 square feet
View estimated energy costs and solar savings for this home
- Sale History
- Tax History
About this building
| $1,186,000 | 28 beds | 0 baths | — sq ft |
Sun exposure
Very good sunlight
SunscoreThis home receives average direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
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