Hi everyone! I recently came across a property near the international airport that seems to have good cash flow potential. I'm curious to hear from those who have invested in airport-adjacent properties for the long term — how has your experience been? Also, for anyone who considered it but chose not to proceed, what made you decide against it? I'd really appreciate hearing both the pros and cons of investing in properties near airports.
Specialist · Long Beach, CA · Member since 2011 · 877 posts · 398 votes
1y
Hey Sino. I own a few rentals near the Memphis international airport. It's a huge FedEx hub. Not sure if my tenants work there or not. But as long as its not directly in the flight path, it will be okay.
Specialist · Long Beach, CA · Member since 2011 · 877 posts · 398 votes
1y
Hey Sino. I own a few rentals near the Memphis international airport. It's a huge FedEx hub. Not sure if my tenants work there or not. But as long as its not directly in the flight path, it will be okay.
Hey Sino. I own a few rentals near the Memphis international airport. It's a huge FedEx hub. Not sure if my tenants work there or not. But as long as its not directly in the flight path, it will be okay.
Thanks for replying Aristotle. When you say as long as its not directly in flight path, meaning - when plane flies over the house? :)
Hey Sino. I own a few rentals near the Memphis international airport. It's a huge FedEx hub. Not sure if my tenants work there or not. But as long as its not directly in the flight path, it will be okay.
Thanks for replying Aristotle. When you say as long as its not directly in flight path, meaning - when plane flies over the house? :)
Well, if the planes take off and land from east to west, buying a home that is north or south is not directly in the flight path.
Real Estate Broker · Memphis, TN · Member since 2020 · 202 posts · 203 votes
1y
What market are you referencing? I'd underwrite the deal as any other - make sure you are conformable with the quality & tenant base. It can be a positive for short term rentals (if in a good area) to be near the airport. It can also be an absolutely awful area. Depends on the city & airport.
What market are you referencing? I'd underwrite the deal as any other - make sure you are conformable with the quality & tenant base. It can be a positive for short term rentals (if in a good area) to be near the airport. It can also be an absolutely awful area. Depends on the city & airport.
I've sold a good many properties near the airport here in Memphis, and it has never been an issue. Not only is the FedEx super hub close by(as @Aristotle Kumpis mentioned), but airports in general are usually near commerce drivers, meaning they work well for finding good tenants. I havent had any clients that have an aversion to being near the airport.
Happy to connect and answer any questions you might have!
I have sold and been managing properties that are near the MIA and haven't had any complaints from residents who are living in them. If anything, they love being close by, as most of them are working at FedEx. Our city holds a lot of hidden gems. Please feel free to connect if you have any questions.
Hey Sino. I own a few rentals near the Memphis international airport. It's a huge FedEx hub. Not sure if my tenants work there or not. But as long as its not directly in the flight path, it will be okay.
I was also looking into properties near Memphis International Airport, but how do I know if it's in the flight path?
Realtor · Memphis, TN · Member since 2023 · 29 posts · 37 votes
1y
Happy to help answer any questions about the flight path, but in general there aren’t many areas where that is a concern. There are large areas in the direction of the flight paths that do not have dense populations so it’s mostly a non-issue. Happy to connect and point out areas by the airport, and all over the city that have worked well for investors. happy hunting!
Real Estate Agent · Memphis, TN · Member since 2015 · 1k+ posts · 1k+ votes
1y
This is going to be "City Specifc" in my opinion. In Memphis, TN, we have solid communites to invest in around our airport. Other cities, not so much!
38116 and 38118 are the areas Im referring to and I have a Podcast where I break down the stats and all details of those areas. I also own over 15 properties in these two zip codes. Happy to share!
Hi everyone! I recently came across a property near the international airport that seems to have good cash flow potential. I'm curious to hear from those who have invested in airport-adjacent properties for the long term — how has your experience been? Also, for anyone who considered it but chose not to proceed, what made you decide against it? I'd really appreciate hearing both the pros and cons of investing in properties near airports.
Hey Sino, other than investors, I have a homebuyers buy close to an airport in Northern Ky and don't have an issue with it. Not sure the proximity you are talking about but mine are pretty close. Let me know if you have questions about it