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28U DRAKE ST, Ripley, TN 38063

Ripley
Local realty services provided by:CENTURY 21 Home First Realtors
28U DRAKE ST,Ripley, TN 38063
$4,750,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: pamela worley
Office: unique properties
MLS#:10220264
Source:TN_MAAR

Price summary

  • Price:$4,750,000

About this home

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.

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Home facts

  • Year built:1979
  • Subdivision & Development:NA
  • Listing ID #:10220264
  • Added:163 day(s) ago
  • Updated:October 08, 2026 at 11:26 AM

Rooms and interior

  • Flooring:Partial Carpet, Tile, Wood Laminate Floors
  • Basement Description:Conventional/Crawl Space, Storage Area

Heating and cooling

  • Cooling:Central
  • Heating:Central

Structure and exterior

  • Roof:Composition
  • Year built:1979
  • Foundation Description:Conventional/Crawl Space, Slab

Finances and disclosures

  • Price:$4,750,000
  • Tax amount:$41,970
Listing content and images Copyright© 2026 Memphis Area Association of REALTORS®. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it. TN_MAAR Member Broker: Connie Farina

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