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28U DRAKE ST Ripley, TN $ 5,000,000
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28U DRAKE ST
$ 5,000,000
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28U DRAKE ST

Ripley, TN, 38063
$ 5,000,000
Bedrooms131 Baths61.0

Monthly Estimate*

$ 30,786

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Multi-Family Home for sale in Ripley, TN

for $5,000,000 with 131 bedrooms and 61 full baths. This home was built in 1979.

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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Multi-Family Active

Price

$ 5,000,000

Bedrooms

131

Full Bath

61

Property Type

Multi-Family

Taxes

$ 41,970

Style

Townhouse Units

Year Built

1979

Town/City

Ripley

County/Region

Lauderdale

MLS | Web ID

10220264
Features
General
Roof Composition
Zoning Co/Res
Construction Brick/Veneer Vinyl Siding Wood/Composition
Amenities Dumpster
Status Active Active
Legal Subdivision Name NA
County Lauderdale
Class Multi-Family
Laundry Y/N Connections
Type Townhouse Units
Area 691 Lauderdale County
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
Sale/Rent For Sale
Status Detail 0
Year Built 1979
Directions Properties are located on: Drake St Fitzhugh Jefferson St Durhamville Rd Ross Rd
City Ripley
DOM 5
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Exterior
Foundation Conventional/Crawl Space Slab Storage Area
Number of Buildings 20
Lot Size TBD
Parking Facility Asphalt/Blacktop Concrete More Than 1 Per Unit
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Interior
Hot Water Electrical Public Sewer Public Water
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* Excluded Features
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Affordability Calculator

$34,283
Per Month
90%
10%
0%
Monthly Principal & Interest
$30,786
Monthly Property Taxes
$3,498
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
460623 Elementary School
460624 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
4/27/2026$5,000,000 Listed Price

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28U DRAKE ST, Ripley, TN, 38063 is a Multi-Family Home for sale at $5,000,000. 28U DRAKE ST has 131 bedrooms, 61.0 baths, and was built in 1979. The property's zip code is 38063 which is in Ripley, TN

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