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1283 E Raines Rd
Memphis, TN 38116 Whitehaven

$1,186,000 USD

Apartments For Sale • 14,216 SF

Property Details

Property Type Apartments
Total Building Size 14,216 SF
Lot Size 0.5 AC
Building Class C
Year Built 1964
Cap Rate 8.46 %
Zoning RU-3

30 Transit Score

60 Walk Score

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

Financial Summary (Proforma)

Net Operating Income: $126,368 USD (2026)

Cap Rate:	8.46 %
Total Expenses:	$39,712 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Evernest - 1283 E Raines Rd.

Amenities

Air Conditioning
Heating
Tile Floors
Double Vanities
Granite Countertops
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
Central Station (Riverfront Loop - Memphis Area Transit Authority Trolley (MataTrolley))	15 min	-	9.1 mi
Airport	Drive	Walk	Distance
Memphis International	8 min	-	4.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	17
Type:	Surface
Included in Rent:	Yes

Jeffrey Moore 901-277-0477 Crye-Leike Commercial

1283 E Raines Rd Memphis, TN 38116 Whitehaven