About 28U DRAKE ST, Ripley, Tennessee, 38063
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.
Total Number of Units : 61
Number 1 Bedroom Units : 0
Number 2 Bedroom Units : 52
Number 3 Bedroom Units : 9
Number of Other Units : 0
Amenities : Dumpster
Parking Facility : Asphalt/Blacktop, Concrete, More Than 1 Per Unit
MISC. Exterior : Curbs/Gutters, Fire Escape, Sidewalks
Roof : Composition
APPLIANCES / EQUIPMENT : Exhaust Fan/Vent Hood, Range/Oven (Freestanding), Refrigerator, Smoke Detector(s)
Units Type: 2 BR - 1 Bath, 2 BR - 1+ Baths, 3 BR - 1+ Baths, Unfurnished
Zoning : Co/Res
Heating : Central, Electrical
Hot Water : Electrical, Public Sewer, Public Water
Cooling : Central
Construction : Brick/Veneer, Vinyl Siding, Wood/Composition
Foundation : Conventional/Crawl Space, Slab, Storage Area
Laundry : Connections
Floors/Ceilings : 8 Feet, Dry Wall, Paneled, Partial Carpet, Tile, Wood Laminate Floors
Total Number of Units : 61
Number 1 Bedroom Units : 0
Number 2 Bedroom Units : 52
Number 3 Bedroom Units : 9
Number of Other Units : 0
Amenities : Dumpster
Parking Facility : Asphalt/Blacktop, Concrete, More Than 1 Per Unit
MISC. Exterior : Curbs/Gutters, Fire Escape, Sidewalks
Roof : Composition
APPLIANCES / EQUIPMENT : Exhaust Fan/Vent Hood, Range/Oven (Freestanding), Refrigerator, Smoke Detector(s)
Units Type: 2 BR - 1 Bath, 2 BR - 1+ Baths, 3 BR - 1+ Baths, Unfurnished
Zoning : Co/Res
Heating : Central, Electrical
Hot Water : Electrical, Public Sewer, Public Water
Cooling : Central
Construction : Brick/Veneer, Vinyl Siding, Wood/Composition
Foundation : Conventional/Crawl Space, Slab, Storage Area
Laundry : Connections
Floors/Ceilings : 8 Feet, Dry Wall, Paneled, Partial Carpet, Tile, Wood Laminate Floors
Street Address: 28U DRAKE ST
City: Ripley
State: Tennessee
Postal Code: 38063
County: Lauderdale
Directions:
Properties are located on: Drake St, Fitzhugh, Jefferson St, Durhamville Rd, Ross Rd
Property Information :
Listing Status: Active
MLS #: 10220264
Price: $5,000,000
Tax Amount: 20990
Construction Status: Built in 1979
Last Modified : May 8 2026 2:39AM
Courtesy of: Pamela Worley, Unique Properties (MLS# 737)
Source MLS: MAAR