This Multifamily Property is no longer advertised on LoopNet.com.

2271 Airways Blvd
Memphis, TN 38114

Crane Manor · Multifamily Property For Sale · 178 Units

INVESTMENT HIGHLIGHTS

  • Central Memphis location!
  • Leasing and collections are steady despite COVID
  • Once renovated, units rent easily!

PROPERTY FACTS

No. Units 178
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 8.70 AC
Building Size 150,010 SF
Average Occupancy 28%
No. Stories 2
Year Built/Renovated 1969/2015
Parking Ratio 2.12/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Washer/Dryer
  • Refrigerator
  • Oven
  • Range

SITE AMENITIES

  • Laundry Facilities
  • Property Manager on Site
  • Security System
  • Gated

ABOUT 2271 AIRWAYS BLVD , MEMPHIS, TN 38114

Property originally constructed in 1969. Starting in 2015 owner has performed renovations on approximately 33% of the property. Centrally located about 10 minutes from the airport. With approximately $1,400,000 in repairs and renovations you could raise the value to approximately $6,700,000.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 80 $422.00 450 - 660
2+1 28 $532.00 650
2+2 70 $589.50 885 - 1,045

PROPERTY TAXES

ZONING

Zoning Code RMM
  • Listing ID: 16943010

  • Date on Market: 8/16/2019

  • Last Updated:

  • Address: 2271 Airways Blvd, Memphis, TN 38114