About This Home

This 0-bedroom, 0-bathroom residential multi family at 28U DRAKE St in Ripley, TN is listed for $4,750,000. Built in 1979, on a N/A lot.

Key Features

  • Built in 1979

Property Details

1979
Listing Description

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.

Monthly Cost Estimate

$25,404/mo

20% down · 6.5% · 30 years

Principal$3,435
Interest$20,583
Insurance$1,385

Estimates only. Actual payments may vary.

Location

28U DRAKE St

Ripley, TN 38063

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 28U DRAKE St is listed at $4,750,000. The estimated monthly payment is $25,404 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1979.

This property is listed by Pamela Worley.

PW

Pamela Worley

Agent at Unique Properties

Listed by Unique Properties · Broker phone: (731) 635-3660 · View on Broker Site · Broker website

MLS# 10220264· Source: Memphis Area Association of Realtors®· 189 days on PropertySimple

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

28U DRAKE St, Ripley, TN 38063

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