28U Drake St, Ripley, TN 38063
- $4,750,000
- List Price
- $4,750,000
- Price Change
- ▼ $250,000 1787691001
- MLS#
- 10220264
- Property Type
- Multifamily
- Lot Size
- TBD
- Status
- ACTIVE
Property 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.
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Additional Information
- Actual Annual Rent
- 400000
- Annual City Tax
- 20990
- Annual County Tax
- 20980
- Annual Insurance Expense
- 32293
- Construction
- Brick/Veneer, Wood/Composition, Vinyl Siding
- Foundation
- Slab, Conventional/Crawl Space, Storage Area
- Hot Water
- Electrical, Public Water, Public Sewer
- Legal Subdivision
- Na
- Lot Size
- TBD
- New Financing
- Conventional
- Occupancy
- 95
- Parking Facility
- Asphalt/Blacktop, Concrete, More Than 1 Per Unit
- Roof
- Composition
- Subdivision
- NA
- Subtype
- Townhouse Units
- Tenant Pays
- All Utilities, Trash Collection, Cable TV, Security Deposit
- Year Built
- 1979
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Listing courtesy of Unique Properties.
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