This Multifamily Property is no longer advertised on LoopNet.com.
2271 Airways Blvd
Memphis, TN 38114
Crane Manor · Multifamily Property For Sale · 178 Units
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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 |
LINKS
PROPERTY TAXES
Parcel Number | 06-0092-0-0020C | Improvements Assessment | $411,240 |
Land Assessment | $304,400 | Total Assessment | $715,640 |
ZONING
Zoning Code | RMM |
Listing ID: 16943010
Date on Market: 8/16/2019
Last Updated:
Address: 2271 Airways Blvd, Memphis, TN 38114
The Southeast Memphis Multifamily Property at 2271 Airways Blvd, Memphis, TN 38114 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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