Huge investment portfolio consisting of 61 rentable units in Ripley: 36 townhomes consisting of 2 bedrooms & 1.5 baths. 16 apartments consisting of 2 bedrooms, 1 bath each. 9 single family houses consisting of 3 bedrooms & 2 baths. All have termite contracts in place and monthly maintenance sprays. Townhomes have newer roofs & HVAC units @ 2 years old. All are well maintained by owner. There are 5 townhomes on the rear of the Jefferson St property that are vacant and in need of full renovations, no value is attributed to these units. More information available for serious, qualified or cash investors.
For sale
$5,000,000
28U Drake Ave, Ripley, TN 38063
--beds
--baths
--sqft
Est.:
Multi Family
Built in 1979
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Townhomes have newer roofs
- 3 days |
- 97 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Pamela H Worley,
Unique Properties 731-635-3660
Source: MAAR,MLS#: 10220264
Tour with a local agent
Facts & features
Interior
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Refrigerator, Range/Oven (Freestanding), Exhaust Fan/Vent Hood, Electric Water Heater
- Laundry: Connections
Features
- Paneled
- Flooring: Partial Carpet, Tile, Wood Laminate Floors
- Basement: Crawl Space,Storage Space
Property
Parking
- Parking features: Asphalt/Blacktop, Concrete, More Than 1 Per Unit
Features
- Exterior features: Curbs/Gutters, Sidewalks
Details
- Parcel number: 094D B 007.00 & 010.00 095H A 038.00, 039.01 094L E 023.00, 013.00, 014.00 119 038.00, 015.14
- Zoning: Co/Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Veneer, Vinyl Siding, Wood/Composition, Dry Wall
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Dumpster
- Security: Smoke Detector(s), Fire Escape
Location
- Region: Ripley
Financial & listing details
- Annual tax amount: $41,970
- Date on market: 4/27/2026
- Cumulative days on market: 9 days
- Listing terms: Conventional
- Inclusions: No Equipment, No Furnishings, Some Appliances
- Lease term: Other (Call LA),12 Months
- Total actual rent: 400000
- Tenant pays: All Utilities, Cable TV, Security Deposit, Trash Collection
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/27/2026 | Listed for sale | $5,000,000 |
Source:  MAAR #10220264 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
$28,535/mo
Principal & interest
$25785
Property taxes
$2750
More affordability tools
Climate risks
Neighborhood: 38063
Nearby schools
GreatSchools rating
- 6/10Ripley Elementary SchoolGrades: 3-5Distance: 1.3 mi
- 3/10Ripley Middle SchoolGrades: 6-8Distance: 1.4 mi
- 2/10Ripley High SchoolGrades: 9-12Distance: 0.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Tennessee
- Lauderdale County
- Ripley
- 38063
- 28U Drake Ave
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Nearby zip codes
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